Funny that both Honor and Seismic seem like good deals from a quick skim. Both have established their products and markets clearly, pull on decent revenue, have been growing continuously, no scandals, no weird CEOs, nothing illegal, no "break it till you make it" attitude. They are both on sectors which are extremely profitable and whose customers' churn rate is relatively low.
They could be entirely legitimate, potentially profitable companies, and still not be worth half their current alleged valuation. I am not familiar with either, I'm not saying this is the case, just saying they could be entirely legit from one point of view, and still not a good investment.
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Seismic ia San Diego-based maker of B2B sales software that's raised over $180 million in VC funding, most recently at a $1 billion valuation, from firms like General Atlantic, Jackson Square Ventures, Lightspeed Venture Partners, and JMI Equity.,
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Who would be shafted if that deal went through ? Those valuations are just not credible anymore - it's more likely that SoftBank recent experience has made them shaft-averse.
That is a different Honor than the one stated in TFA:
Honor is a San Francisco home care company for older adults that's raised over $100 million from firms like Andreessen Horowitz, Naspers, and Thrive Capital.
> Both have established their products and markets clearly, pull on decent revenue, have been growing continuously, no scandals, no weird CEOs, nothing illegal, no "break it till you make it" attitude.
I assume any VC getting into a business with that requires lots of human labor is just trying to find a bigger fool. I don’t see what the play is if a business can’t drive down marginal costs, which surely nursing home labor can’t unless they’ve developed a machine to change bedpans.
SoftBank: Nah, I think I'll pass.