Allan Milne Lees
1 min readMar 29, 2020

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Softbank’s ego-driven CEO has only himself to blame. First of all, real investors don’t care about vision; they care about viability. So even the fund’s name was a huge clue as to what was wrong with Son’s thinking. Secondly, it’s no good screaming mindlessly at CEOs to “get profitable and exit fast” when those very CEOs and the companies they run were selected precisely for their inability to accomplish this task. Son avoided funding companies that understood the importance of generating, rather than burning ever-more, cash. It’s sad that so many people will lose their jobs because of the Vision Fund meltdown but let’s be realistic: those jobs should never have existed in the first place. What’s really sad is that other, far more viable, companies could have created solid jobs if only Son hadn’t been so fixated on his fantasy-world of never-ending growth based purely on an infinite stream of losses.

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Allan Milne Lees
Allan Milne Lees

Written by Allan Milne Lees

Anyone who enjoys my articles here on Medium may be interested in my books Why Democracy Failed and The Praying Ape, both available from Amazon.

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