SoftBank Capital — portfolio autopsies

Singapore online grocery pioneer raised $26M, was acquired by Lazada, then Lazada shut it down when Alibaba restructured Southeast Asian operations.

FarmVille creator — $10B IPO, Facebook algorithm change destroyed it overnight

Digital media's biggest SPAC at $1.5B. BuzzFeed News shut 18 months later. Stock down 95%.

Goldman and SoftBank-backed LXP sold below valuation after SPAC dreams collapsed.

SMB lending unicorn sold to AmEx for far below its $1.2B valuation — then the brand was quietly killed

A construction communication app swallowed by WeWork before it could outrun Procore.

Members-only flash sales pioneer raised $236M and hit $1B valuation. Trained customers to never pay full price. Luxury brands pulled merchandise. Sold to Hudson's Bay for $250M — a 75% haircut.

Boxee built the software that connected TVs to internet content before Roku and Apple TV did. Samsung acquired it. Then abandoned it.

The FarmVille empire — built on Facebook, destroyed when Facebook changed its newsfeed algorithm.

Andy Rubin's pre-Android startup — built the iconic T-Mobile Sidekick, sold to Microsoft for $500M, and watched its work become the Microsoft Kin: a phone discontinued 48 days after launch

Yahoo paid $3.57 billion for the web's first social network — then deleted the internet.