“Your dreams had better be profitable”
-Softbank’s Masayoshi Son told founders / leaders after the WeWork debacle.
Public investors aren’t going to tolerate gimmicks, like super-voting rights or complicated share structures, that privilege founders over other stakeholders
Masayoshi Son, CEO of Japan’s SoftBank Group Corp. told company leaders gathered at Langham resort that they need to become profitable soon and stressed the importance of good governance. [via]
Hopefully the advice applies to Indian entrepreneurs as well. Do we foresee valuation correction in the coming days?