Blasting 10,000 Jobs into Oblivion

Softbank portfolio companies are the latest job-killers

VC money is a steroid and for startups, it’s a welcome, addictive drug that actually trickles back to the economy. There’s a natural event: with a bigger war chest, there will be bigger guns. Employees are the guns here and when VC money is injected into a startup’s bloodstream, you’re going to get rapid job creation and acceleration on the money burn.

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