Apr 07, 2022
In ASK US ANYTHING
But where the risk of his roles is most observed is in Rappi, the startupColombian that pedals a race without quarter against at least three great competitors and that, incidentally, is changing the labor physiognomy of the continent. Among the various concerns that your business model presents, there is a substantial one: is it economically viable? Can an ice cream really cost the same in an ice cream parlor as brought by bicycle? According to Bloomberg, the mechanism goes something like this: “SoftBank identifies a startup to invest in, pushes its founders to aggressively expand, and Whatsapp Mobile Number List inflating its valuation. The method was working, at least until Wework operationally self-destructed." A colleague of Masayoshi's, venture capitalist –and 57th richest man in the world– Ray Dalio agrees: "Because funds have so much money to invest, startupsthey don't need to make a profit. There is now so much money wanting to buy their dreams that, in some cases, investors are injecting them with capital that entrepreneurs don't want (or need). But the investors threaten them that if they don't take the money, they will finance their competitors." The most striking thing about Masayoshi, moreover, is that one of his main investors (almost 60% of the Vision Fund, according to various sources) is the Saudi prince Mohamed Bin Salman. Curious transfer of capital: from the oil (bloody, some would say) of Saudi Arabia to the cyber-collaborative dreams of Silicon Valley.