SoftBank is suing portfolio company IRL after it admitted 95% of its users were fake. VCs are stressing the need for ‘uncomfortable’ due diligence::undefined
SoftBank is suing portfolio company IRL after it admitted 95% of its users were fake. VCs are stressing the need for ‘uncomfortable’ due diligence::undefined
Just to clarify: a “commercial bank” is like Bank of America, or Wells Fargo.
An “investment bank” is like… Softbank. They pool money together of the rich and they all make massive bets on companies with their pooled money.