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SoCalHorn

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Posts posted by SoCalHorn

  1. On 5/15/2019 at 11:51 AM, Damor said:

    I can't find the post to give rep, but someone recommended Hernan Diaz's In the Distance.

    41mtPv+sdnL._SX331_BO1,204,203,200_.jpg

    Just finished it this morning -- that was a fantastic read, one of the best books I've read in a while, and thanks to this thread, I've read a lot of good ones lately.  I really do appreciate all the great recommendations in here.

    Up next, going on a WWI tangent with Goodbye to All That, then rereading All Quiet on the Western Front.

    This was really good. I liked the amazon review, like a cormac McCarthy novel but good!

  2. 12 hours ago, ChiTownDoc said:

    I’m not saying it’s a good bet.  I’m saying when you have pressure to make deals and a lot of this is an auction process, even good banks overpay/make bad deals. 

    And as for as your cousin Assadullah (lol), they raise that money to be PE money.  They can’t take their investor money and go throw it in securities.  It’s not an option.  

    After we did our sale I gave X dollars to PE funds.  Most of it is still parked.  So I’m pressuring GS to find a fund that can put my money to work.  I guarantee you they can’t take that parked money and decide to do whatever the fuck they want with it.  

    Not to derail the thread but your view of SoftBank isn’t completely accurate. They do have a shit ton of capital to deploy but not like IB as they raised outside money mostly from the Middle East to create a fund just to do Venturing investing. 

    Softbank’s view is that most markets are winner take all so their game plan is to create a moat by effectively giving startups almost unlimited funding. As a result, valuation matters less. 

    The wework ipo debacle only matters to them as it is making it awkward / hard for them to raise their second fund. 

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