Eh??!!
> New York Times: SoftBank’s critics said its investments have poisoned the ecosystem for young companies by encouraging founders to take excessive risks with little regard for building businesses that can last through the ups and downs of the economy.
Has the NYT been completely unaware of tech VC's dominant culture of inanity and insanity, a pattern I've not seen materially change since the mid-to-late 90s? (apart from a brief bobble early '00s).
VC-funded tech startupry is predominantly a Ponzi Scheme. A game of hotpotato, passtheparcel, keep dancing on growth memes dazzling to dim VCs, until such time as you can cash out. Then it's their turn. Then the next's. And so on. Pull Uber's financials for a rather startling level of ponzi pisstake.
.
Excitable stupid people using other people's money to fund parasites.
Biting the hand that feeds IT
