2min chapter

Odd Lots cover image

Howard Lindzon on What’s Really Going on in the Tech Plunge

Odd Lots

CHAPTER

What's the Real Risk to Softbank?

Seat ambassadors are early-stage companies that take money from SoftBank. The bank has been accused of holding the cap table hostage by forcing founders to sell their company at a lower price than they would otherwise be able to do. "I hated the whole idea that we were being held hostage, right? And i wrote stuff like, there should be softbank claws," he says.

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