SoftBank keeps walking away from startup investments

www.axios.com

This is a pretty damning story on how the Vision Fund has yanked investments from a handful of companies at the 11th hour. What really struck me was how arrogant its comment to Axios for the story is.

"Given we’re a fiduciary and investing very large amounts of capital, our investment process is more rigorous than unregulated investors and typical VCs. There have been a few cases where our process took longer than anticipated, which we regret. We’re always upfront with founders about what to expect and we try to keep them informed every step of the way."

Ok.

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