tech, startups, internet

Another day in Katerradise

This is about the recently-defunct Softbank-backed construction company. “I worked at Katerra for 2.5 years, from early 2018 to the end of 2020, and had a first-hand look at how a company that seemed so promising ended up where it […]

fun facts

The best way to rob a bank is to own a bank

Ben Hunt: “I think that the collapse over the past week of Greensill Capital has a lot of systemic risk embedded within it, particularly as the fraudulent deals between Greensill and its major sponsors – Softbank and Credit Suisse – […]

retail therapy

Brandless shuts down operations

The best-funded online retailer that aimed to cut out brand premiums and sell everything direct-to-consumer has shut down. They had raised $290 million, mostly from SoftBank, but couldn’t get the economics of the business to work. Some of the investment […]

tech, startups, internet

WeWork bear & bull case evaluations. 

The real-estate company with a nice patina of tech has been in the news a lot lately because of their massive funding from SoftBank and eye-popping valuation. Recently I found great articles on the bull case for the business and the bear case on […]

tech, startups, internet

About Masayoshi Son & his vision fund. 

The Economist published the interesting tale of SoftBank’s $100 Billion Vision Fund, and its leader Masayoshi Son. He bet big during the first internet bubble and lost almost everything. Now’s he’s back and bigger than ever. | learn more

big ideas

Construction firm Katerra & big money from Softbank. 

Vertically integrated construction has been tried before, but hasn’t really worked in a meaningful way. Why is this a big deal? Because construction is a terribly inefficient industry that affects all of us who don’t live in a cave. Katerra […]

thoughts of food

The latest chapter in the Plenty story. 

I’ve written about vertical farm startup Plenty before, and now that they’ve raised an additional $200MM from SoftBank, it’s time for another look at their progress and vision. Reminder: “All told, Plenty says, its technology can yield as much as […]