Episode Details

Softbank $24 Billion down the drain

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The legend goes that Masayoshi Son wanted to fund the future's ideas, so he created a $30 BN dollar fund. That's right, $30 BN.

But just before he met with potential investors, he fiddled with the slides and changed the amount. The fund wouldn't be $30 BN. It would be $100 BN.

The investors laughed out loud. He didn't. "Life's too short to think small", he said. And nothing about his journey to becoming one of the world's most prominent billionaires has been small. His company, Softbank, is a giant in multiple industries, with aggressive investment and fast expansion. But also, controversy and very costly mistakes. We'll tell you about Softbank in this episode of Forensics.

#startups #Slidebean #softbank 0:00 - Intro 1:07 - Softbank origins 3:33 - Softbank, big risk, big payoffs? 5:33 - Softbank shaking up the world 7:04 - Softbank mired in controversy 8:18 - Chaotic recent times

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Recommended video: Small Business vs. Startup - https://www.youtube.com/watch?v=k26DOtwPN7s

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8:16 should read 45B instead of 45M.

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Sidebean makes documentaries about startups, tech, and their impact on society. It is a venture-backed company that helps other startups navigate the complicated road to success. They love to cover stories around business, startups, and tech, trying both to teach and entertain.

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------ Keywords: startup funding, business strategy, business podcast, tech documentary

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