The Influence of Fund Size on Diligence

SoftBank's fund size forced them to basically write these gigantic checks and they're writing them into companies that were effectively seed stage or Series A companies. So the mistake when they make a mistake is 20 times bigger than it should be. The number one part of diligence I'd say for us other than looking at metrics, which anyone can do is the off sheet references. Talking to customers from a list that you figured out yourself, not from the company itself, is probably the single most important qualitative part of diligence.