How SoftBank Lost $70 Billion
Вставка
- Опубліковано 4 лис 2022
- Join my community at johncoogan.com (enter your email)
ABOUT JOHN COOGAN:
I am the co-founder of soylent.com and lucy.co, both of which were funded by Y Combinator (Summer 2012 and Winter 2018).
I've been an entrepreneur for the last decade across multiple companies. I've done a lot of work in Silicon Valley, so that's mostly what I talk about. I've raised over 10 rounds of venture capital totaling over $100m in funding.
I work mostly in tech-enabled consumer packaged goods, meaning I use software to make the best products possible and then deliver them to the widest possible audience. I'm a big fan of machine learning, python programming, and motion graphics.
OTHER VIDEOS:
Why Facebook is Spending Billions on the Metaverse - • You Don't Know the Met...
The Only Reason SpaceX Works (Gwynne Shotwell) - • The Only Reason SpaceX...
Peter Thiel’s Big Bet on Space Manufacturing - • How Varda Solved Manuf...
CONTACT:
You can get in touch with me via Twitter: / johncoogan
Thanks to Mateo Szlapek-Sewillo for help with scriptwriting, fact-finding, and overall storytelling! www.simplespeaker.net/
Disclaimer: This video is purely my opinion and should not be regarded as a primary source. I am not a financial advisor and this is not a recommendation to buy or sell securities. Always do your own due diligence. - Наука та технологія
A true Wallstreetbets legend.
YOLO
He has balls of steel
Highly regarded move
Our age has reached a conclusion in the wake of arriving at its zenith. The downturn and financial exchange crashes are influencing everything, not simply FTX and 401Ks. My retirement values portfolio, at $750K, is bleeding cash. should i continue losing because of expansion?
I accept it's especially trying for the people who have resigned or will resign. Kindly acknowledge my genuine expressions of remorse to any individual who resigned during this time and lost everything because of an issue you weren't to liable for, notwithstanding investing such a long time of effort.
who is your financial coach, would you mind joining me?
This is extraordinary much appreciated. Could utilize the idea a great deal. Looked into Kimberly Jean Heavner, I thought of her making sense of my monetary targets.
Thank you for your content, I am a fairly new subscriber following almost all your videos on youtube but still find it very difficult to invest in the stock market, please what is the best way to start?
please how can i reach this trader?
thank you, I will message him immediately
Incredibly adept story telling, a unique craft in an age of parched ones, zeros, and politics. At our core, humans want to inspire - and be inspired. You are achieving both.
Very inspiring. I want to build my flying car now!
It helps that Coogan writes a script, rehearses it and we are spared an unending stream of ums and "you know"s.
Its really weird how you cherish the fact that companies are either forced to comply to softbank or be set aside by their competitor, not by having a better service or product, but because they got a avalanche of cash from soft to bury you under. Its actually hilarious when you defend nefarious stuff with heroic music background, the essence of silicon valley right there
not weird at all. not even unnatural. with a finite, spoilt for choice target audience and limited resources to spend, there are no 2nd prizes. Either be a winner or nothing at all.
@@mackisbrocklesnar There's an absurd difference between that happening via competition and through sheer economical manipulation of a market.
But sure, Its not like artificially advancing monopolies in many economical areas has ever backfired to society
@saurabh mhatre
The power of Oligarchs to ruin a country is astounding. George Soros is actively trying to destroy the U.S. justice system, and he's doing a phenomenal job, and has swayed public opinion to favoring criminals over victims.
The corporate news media use their monstrous power to bring trans rights to the head of the pack of the most important issue in our country. All kinds of jurisdictions are making rules, policies, regulations, and laws about pronoun usage. My local government has mandatory employee indoctrination meetings to discuss pronoun usage.
Money can do unfathomable evil in our country and it is on full display daily
That’s not necessary true though, you really don’t know if Yahoo’s competitor will be better than Yahoo if they received the money. I think inherently product itself and user experience always wins no matter, that’s why today we use Google. It doesn’t matter how early they established foothold, the market will determine what the best product for them looks like.
@@TheJelloash No. Take Uber for example, they used the money they had from investment to flood local markets with cheaper rides than their competitors, hoping to starve them into bankruptcy, and they did that for years with quite a success. There are a plethora of ways to economically manipulate markets, otherwise cartels, monopsonies and monopolies would never be a concern.
Its beyond naive to believe that god market will always make things right in the end. Superior quality of service or product is not the main impact factor in the success or market share of a company
I didn't realize Masayoshi Son was so poor as a child. I really admire people that are able to become unbelievable wealthy coming from humble / poor beginnings.
His Father made huge fortune with Pachinko, and by the time when Masayoshi was in Elementary School, he was chauffeured to school in a private automobile, which was rare in Japan at the time.
So he was only poor for very short period of time, when he was very young.
@@davidjacobs8558 oh okay. but even speaking of his father, the fact that he took the family from a small illegal shack to being rich is an incredible achievement.
@@JJs_playground my point is, his father was rags to riches story, not him.
he benefitted greatly from his father's wealth.
Also, his father is a proof that Japan wasn't such a bad place for Koreans.
His father was an illegal immigrant, yet he became extremely wealthy in Japan, starting with nothing.
@@davidjacobs8558 His father was NOT illegal immigrant. The Koreans were subjects of Japanese Empire when his grand father settled in Japan. After Japan collapsed, these koreans became permant residents.
@@sinnopal1 All Koreans lost Japanese citizenship, just after WW2, by decree of Japanese government.
Whether that was ethical or not is not relevant. That was Japanese law.
Further more, His father returned to Korea after the WW2, lived in Korea for several years, then decided to re-enter Japan as "stowaway". ie, he entered Japan illegally.
"Other events, like the Chinese government crackdown on its tech companies, which destroyed most of the value in important SoftBank portfolio companies like Alibaba and Didi, were mostly down to bad luck." Not really. That's why investment banks hire political science majors to analyze geopolitical risk, especially when we're talking about China, where many homegrown tech startups were able to exist and thrive thanks to protectionist policies in the first place.
Already heard about SoftBank but this presentation just made Masa's story more inspirational! Well-researched, well-written, and displays excellent production value. Kudos to you! 👍🏼👍🏼
You do realize he's a joke now, that can't even invest correctly?
The only investment I can think of (in recent times that was a good sound investment at the time) was Uber and even that company is failing now.
@@REAL-UNKNOWN-SHINOBI yes, unfortunately. Still, being able to build SoftBank to what it is today is quite a feat. Hope he finds a worthy successor.
almost everyone in japan were Poor in 1950s.
there were Nothing left when the war ended in 1945. Nothing.
To lose billions, you had to have billions to lose. It's pretty impressive to lose at that scale.
Wow dude great editing job🔥
Amazing video John! Keep them coming 🚀
I’ve only recently became a subscriber. You do an amazing job! Thanks for the upload!👍
Love the content you put out, John. It's information and inspirational. Hope to be at least a fraction of what this great man has become. My favorite visionary ever and investor - Masayoshi Son!
Masayoshi Son makes Bill Hwang look like a smart investor.
Bill Hwang, another rags-to-riches story and whose personal brand is characterized by strong, almost fervent belief.
Man you great at your work. Love your videos.
Awesome video. Great storytelling..!
Love your videos, especially the fact that you narrate and emphasize the important parts of his growth
I had to pause half way to take a breather on how hard this guy is kicking ass
You r a great story teller ... dam ... u hit me. What an emotional roller coster, got goosebumps and cut some onions about this guy ... Masayoshi Son indeed might be seen as a real visionary. The website claims the future of this firm group for next 300 years. That's a bold statement. Tks for your video, the narrative, the music, the editing ... its top notch. Keep pushing.
Another awesome video, thank you for the information :)
This is an excellent piece of video. Bravo!!
Great video!! Learned a lot, thank you!
this must've taken many hours to put together, thanks for sharing it for free!
Great work buddy 👍
Damn good storytelling. Subscribed.
What a fascinating true story. Thank you for such an enjoyable video!
These founder bios are easily my favourite of the videos you make. Great stuff.
Mine too.
That's a long video. I can't imagine how many hours went into this one. 100 hours won't be enough, right?
When I was living in Japan, my CDMA mobile and service plan was with SoftBank.
One thing that made SoftBank preferable is because they also designed services catering to more clientele and understood the types of phone use foreigners might desire in the early-mid era of mass mobile implementation into day-to-day life.
Back in those days when I just just striding out on my own in a world of working with corporate internal sales and acquisitions for Australian firms and we had made various in-roads with Japanese clientele and suppliers. It was also one of the few times I had ventured out into the wider world as an adult.
SoftBank was literally the easiest option as a foreigner needing a prepaid mobile with decent connection speed and, back then, generous data limits at price competitive points that it made sense to mass supply SoftBank phone and phone services to all travelling business types coming into Japan.
Good times, good times.
Jesus Christ, I suddenly feel old.
Good job on explaining/showing everyone about him. Over the years people I meet money wise I find it interesting how they all work.
Not many work like he does but a bunch now do. Reminds me of how some big deals happen on golf courses over few games and not in the normal way of like example getting a product into chain stores. Then makes me think of psychology of marketing, most people are not just buying a product they are buying the emotions they feel manly. Same thing happens with big business, they buy into the person/idea/drive so on.
People loyal to coke keep buying it even after they say Pepsi tastes better. Tesla another one and with no paid marketing and people are loyal to the brand as well elon. Other brands/companies see this but still don't do whats proven to work they keep to what they think is safe even if they lose money.
such an uplifting video; thank you John! 😊
great narration, love the video!
Excellent storytelling! Masa is a master in sales with a boring personality. Power, ego and money is Masas life drive. Then demanding that his staff work 6 days/12 hours per week is very telling of how he is viewing life and follow human beings.
Jealous?
Incredible story.. and extremely well narrated, used to only know about Softbank failures, but now that you share with us the whole picture it changes completely how one must think and understand Softbank and its huge bets... while Caution and incremental risks may work best for most people, Masa and Softbank story remind us how sometimes the bold are the ones who write the history of our civilization.
I never knew these details of him. He is strongly inspiring!
Yeah and now he's failing at investment instead.
I would stay away from any company he invests in for now on
“The belief that the tomorrow will be better than today. And with that, you can create the future you want” thank you!
Great story telling great video great value adding information be blessed...
I just had deja vu... im at the same spot at work when I listened to a video of soft bank last year
Epic video. Thanks so much for telling this great story so we’ll
Thank you for telling the Inspiring Masa Son story by making this incredible video. I know Masa personally and he is a true hero.
His life story and your narration….was like a movie 🎥
“Spend the money fast and expand rapidly” great video my guy
I'm not sure why your channel isn't bigger, seems like you're doing a great job telling stories and editing them!
I do notice that you're reading off something, correct me if I'm wrong. But I would suggest really trying to to memorize parts and record yourself in blocks.
Also thumbnails need some work IMHO, not the quality, rather the actual affect/story they tell, i remember seeing some weird funky thumbnails from you.
Re: current video, would love to see more context, you tell me he rewrote software, what/how did he rewrite, I feel like theres missing info. What is unison world? etc..
Just leaving some comments/ constructive feedback, hopefully they help 😊
too much unrelated video clips from stock, ultimately theres better creator that made their own video instead of cut n paste from elsewhere.
@@kinokunia yeah that might be it, its not very noticeable as other channels cause he puts effects on it. But definitely missing custom content, too much stock images. Also I gotta be honest, I dropped off at 10 minutes, and that never happens when I watch youtube videos. Its gunna be a little bit more engaging..
Man I really want you to succeed, but theres something missing... :/
@@vudu-music Frankly, the content is blah. Almost sounds like an advertorial. As you said, there's no context.
He's definitely an "Bet All In" kind of Investor.
Nothing but respect for Masa. His a revolutionary and backs people. We need more like him. We got to always push the envelope on development, it’s what separates us from animals.
3:34 bullshitometer just went off the charts
Time well spent as always
1:30 FALSE STORY***
Source: Son’s autobiography
He is a third generation Korean-Japanese businessman. Son Sam-heon, the father of Chairman Son Masayoshi, was born at 128 Ipseok-dong (10), Dong-gu, Daegu. At that time, his grandfather, Son Jong-kyung (11), was a poor farmer who cultivated rice, but it is said that in the 1930s, the Japanese Army lost land to farm when it built an aviation airfield.
So, when the way to make a living became difficult, he led his family to Japan to make money, and he returned to his hometown after liberation, but his living was still difficult, so he stayed there for about a year and went back to Japan to settle in Kyushu. My grandfather worked as a mining worker in Japan, and my grandmother used to put food waste in a handcart and use it as livestock feed. When I was young, he couldn't see well because both his father and mother were working outside, and he grew up playing in a handcart pulled by his grandmother. Masayoshi Son once shed tears in an empty space, telling the story of his grandmother's suffering and visiting Korea with her grandmother.
It was in his parents' generation that the Son Masayoshi family raised their fortune. Masayoshi Son's father, Son Sam-heon, ran a small loan business and raised his fortune in the pachinko business. His father had a good business sense, and for example, he created a paid fishing spot in the pachinko parking lot and asked for a bonus of 10,000 yen, saying, "If you catch a red carp, you'll get a bonus." The customer who lost it in pachinko tried to win money in fishing and the bonus went back to pachinko. At the same time, Son Jung-eui moved to Yahatanishi-gu, Kitakyushu City in 1964, attended Hikino Elementary School, and then moved to Sawara-gu, Fukuoka City, while attending Hikino Middle School in 1970.
Abrupt end. UA-cam gonna love that retention 😂
Mark Zuckerberg: Hold my beer!
Pushing the algorithm ❤️❤️
The guys that quit on the spot are funny as hell😂
Lol yes
A true story teller, you capture people thought well
John, how long did it take you to make this video?
Hi John, you might consider researching the story about ARM in China, now that's a true Hollywood horror story. I played a small role working in ARM from 2017-2018; my role in China was to design-in eSIM and iSIM for Chinese Smartphones and IoT cellular module manufacturers, A few years after I left,t ARM spun this business out into an independant entity called Kigen and it literally took nearly 5 years to finally scale eSIM and iSIM (thanks to Apple and other). I met Masa while working in Gemalto, Beijing China a decade ago. I still feel the ARM purchase goal from the Brits by Masa was to eventually flip it to Chinese investors eventually - very geopolitical if you ask me. The whole ARM China project was a disastrous situation that is haunting Softbank to this day. You never mentioned the China Mini ARM story...why not? Thanks, Karl Weaver
This feels like a superhero origin story
It is 🔥
Great video.
Can't believe this information is available for free.
AWESOME story & storytelling.. [aided such a dynamic topic!!]
Thanks for sharing his whole story & hushing up noise of fairweather fans who umpire games they've certainly never mastered & likely never played.
"when it rains: open an ☔" has a future in graphic design merch! Can only imagine how many gems of wisdom he's full of?! Much respect.
$70b's nothing, Elon's down $100b since he peaked at a $300b networth a year ago.
$70bills 20 sum years ago mind
Is the video unsynced?
He wasn't born, he was written into history.
this channel is a hidden gem
For people didnt know that why Son's still hold the position is "underground deal" 😊
hey man, can you cover CZ and SBF next
You share some significant wisdom by covering these topics. Theyre worth gold. Its not fair to give them a few seconds.
This is an underrated video, because it relevance is like the vision of Masa Son. Abnormal and Stratospheric. (my 2nd viewing).
Probably the only biopic short on Masayoshi Son. Update your thumbnail+title. It feels it will help tons.
John, you evolved so much during these years, and become internet’s best narrator of tech adventures ever. Congratulations. And, beyond that, thank you!
I take these bios with a grain of salt. A lot claim to come from nothing, yet when digging just a bit turn out to have help from parents that knew someone or that had some money.
great video, Blackrock next please
Great video
great story. what a guy!
Maybe his biggest blind spot is the difference between people who want to get rich changing the world and the people who want to force the world to change to become rich. They appear similar and often achieve similar things, but their weaknesses are very different.
Love Masa San despite all the bad press during the WeWork saga.
he is more like a gambler than investor
SoftBank is a conundrum. They are one of the worst investment banks I’ve ever seen. And they don’t care who they do business with. Think “the Deutsche Bank of Asia”. But somehow they always survive 😅
John Coogan never disappoints.
15:35-15:49 this threat to Yahoo was a brilliant move😎
24:04-24:16 Life's too short to think small💢
26:24-26:36 uber's CEO on captial
26:31-26:36 for these ceo's it's either MASA's way or no way💢
Came here because of AppleTV WeCrash. Wanted to learn more about the legendary zen master Masa.
This is an incredible story. Ty now I know
Great story! I knew none of this. he sounds like he is a truly amazing human being. It's November 2022, how is he doing now?
Now its zuckerberg $100B
He's quite a gung-ho billionaire!!! High risk high return
He became too ruthless with that yahoo deal.
Seems like reversion to the mean is well and alive, and hit him harder than most
Softbank bold We work funds could be a big bet towards failure. Great bio 👍 thks!
So sad, I feel sorry for Masayoshi-san whos quite a good businessman- miscalculated here so bad w/ the AirBnB of office spaces.
God bless.
Well, you know Japanese culture, they easily admit mistake with a bow, no repercussions thereafter. Gone were the honors of the Samurai days, when honor means one's life.
Mark Zuckerberg is closing in to becoming “the man who lost the most money ever” 🤣
He's more of a visionary than an investor. win hard, lose hard.
Craziest financial throwaway ever
And now we see sam bankmann-fried xd
Lol you showed the current fed chair when talking about the fed in 2001
Let’s add FTX to that list if failures!
One has to know when to quit, remember you are mortal.
great video ... very professional and informative, i know that I'm an average sales employee in an average company but this doesn't mean that i can't criticise Masa, he was throwing billions without proper due diligence, he was and he is a billionaire ... i wondering how he invested in WEwork he could hire the team to do such a job before throwing billions in this company or other failed companies.
I'm inspired by his optimism and his adventurous spirit but betting on each horse in the race will never make you money.
Masayoshi Son is the reason you have to have monopoly laws to breakup companies every once in a while. Some business leaders are just ungodly competent, aggressive and dominant. Reminds me a lot of Musk - Masa might be the best business story I've ever heard. Dude makes the guy in There will be Blood look like a chump
Audio is off on this video
so far the only redemption is Jack Ma is a chronic gambler to put it that way sometimes one good move beats a thousand failures so far the road have not ended lets see
At 5:44 Terrible news for you folks: Japanese notes are written in Kanji, "Chinese" characters, not Roman script.