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During Flexport's one-hour meeting to raise $1 billion from SoftBank, founder Masayoshi Son conducted due diligence in real-time. He had his team call executives at major companies like Foxconn on the spot to get their opinion on the business while the founder waited.

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Raising billions isn't a single meeting. It’s a lengthy process of due diligence where investors vet the team, track record, and operations. Thomas Mueller-Borja jokes this requires "high levels of serotonin" to handle the long timelines and frequent rejections.

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After botching a fundraise by shopping a term sheet, Flexport's founder received a much lower offer. He confessed to his existing investor, Peter Thiel, who then offered a higher valuation than the new low offer, demonstrating steadfast support for a founder in a moment of weakness.

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Softbank's Masa Son Conducted Live Due Diligence Calls During a $1B Pitch | RiffOn