In the world of high-tech and innovative startups, venture capitalists have long been considered the guardians, or judicious meritocrats, directing funding to shape the industries of the future. WeWork, Uber and Theranos are just a few of the ‘visionary’ companies that promised to transform everything, from the way we work, to urban mobility, and even the future of healthcare. But the reality of such enterprises proved very different, and the venture capitalists of today are facing pushback over substantial investments in unprofitable businesses, leaving them to double down in future down-rounds in order to protect their investments. A high-profile example is SoftBank’s investment into WeWork, which earlier this month finally reached a settlement after years of issues with the WeWork founder and a problematic initial public offering that left the business on the verge of bankruptcy. A company that was once valued at around $47 billion has now drastically fallen, landing at somewhere between $8 - $10 billion; a nose-dive investment that SoftBank founder Masayoshi Son has admitted was a mistake. “We paid too much valuation for WeWork, and we did too much believe in the...