{"id":1170155,"date":"2022-08-08T08:49:03","date_gmt":"2022-08-08T08:49:03","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/08\/08\/softbank-cautions-startup-winter-may-last-longer-if-unicorn-founders-dont-accept-lower-valuations\/"},"modified":"2022-08-08T08:49:03","modified_gmt":"2022-08-08T08:49:03","slug":"softbank-cautions-startup-winter-may-last-longer-if-unicorn-founders-dont-accept-lower-valuations","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/08\/08\/softbank-cautions-startup-winter-may-last-longer-if-unicorn-founders-dont-accept-lower-valuations\/","title":{"rendered":"SoftBank cautions startup winter may last longer if unicorn founders don\u2019t accept lower valuations \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p id=\"speakable-summary\">Masayoshi Son, the chief executive of SoftBank Group, which reported a quarterly loss of over $23 billion, is worried that the funding winter for startups may linger in the immediate future.<\/p>\n<p>The 64-year-old executive, whose Vision Funds have backed over 470 startups globally in the past six years, said on Monday that some unicorn founders are unwilling to accept lower valuations in fresh funding deliberations, a fact that has led him to believe that the \u201cwinter maybe longer\u201d for unlisted companies.<\/p>\n<p>\u201cUnicorn companies\u2019 leaders still believe in their valuations and they wouldn\u2019t accept that they may have to see their valuations [go] lower than they think,\u201d he said, according to company\u2019s official translator.<\/p>\n<p>\u201cSo until the multiple of listed companies is lower than those of unlisted companies, we should wait,\u201d said Son, referring to a popular way investors assign value to firms. He said the winter for publicly listed companies is still continuing, but a similar downturn for startups \u201cmaybe longer.\u201d<\/p>\n<p><em>This is a developing story. Check for more updates\u2026<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Masayoshi Son, the chief executive of SoftBank Group, which reported a quarterly loss of over $23 billion, is worried that the funding winter for startups may linger in the immediate future. The 64-year-old executive, whose Vision Funds have backed over 470 startups globally in the past six years, said on Monday that some unicorn founders [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1170158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-1170155","post","type-post","status-publish","format-standard","has-post-thumbnail","category-celebrity-gossip"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1170155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1170155"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1170155\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1170155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1170155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1170155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}