. In each case, these startups raised hundreds of millions or even billions of dollars in a single round.Getty
Business Insider raised Khashoggi's murder with Gympass CEO Cesar Carvalho during a wider interview and asked whether accepting SoftBank's money had given him any pause. Carvalho then echoed something other SoftBank startups have told us: that being in a portfolio with category-leading companies like WeWork and Uber is too valuable an opportunity to throw away.
As a condition of accepting funding from SoftBank, Carvalho asked the Vision Fund to facilitate business ties with its other portfolio companies. As a result, Gympass counts both Uber and WeWork among its customers, giving it instant access to millions of employees, drivers, and shared office members and, presumably, a revenue boost.
Cash has more value than human lives (casualties in Yemen caused by sensless Saudi's attacks, torture of imprisoned female activists and other violations of human rights in the kingdom), profit above moral? Bloody money doesn't 'help people'. It undermines a societal structure.
Simple - cash is king
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Source: WSJ - 🏆 98. / 63 Read more »