> If you need a little bit of money to grow your business modestly, you can raise a lot of money from SoftBank to grow your business crazily, and then put most of it in the bank and use a little bit of it to grow modestly instead. SoftBank will be disappointed with the modest growth, and you can say “sorry it didn’t work out” and then buy them out at a lower valuation with the money you have left over from not growing your business crazily. Free (modest) growth capital!
It's interesting how much SoftBank has screwed themselves with their strategy lately in such high profile ways. I wonder if this is unique to SoftBank or if there's other big VCs that are experiencing similar problems and flying under the radar.
Who funded Evernote in and out of the unicorn club?