Ish.

Softbank invested into a lot of SV type companies (and arguably Softbank's injection of money helped create SV culture over the last 10 years). Still, I prefer to narrow criticism and focus it to specific actors when possible. Instead of broadly criticizing SV as a whole, its more accurate to focus and hone in to Softbank, and even more specifically the Softbank Vision Fund and its leader Masayoshi Son.

Masayoshi Son was famous for backing companies, and then bullying competitors with huge sums of money. If you were building a competitor to a company in the Softbank Vision Fund, Masayoshi Son would encourage his companies to lose money (sometimes for years) and lower-prices (leading to incorrect pricing. Ex: Uber in the 2014s), knowing that they can raise prices later when all the competitors go bankrupt.

After all, Masayoshi Son / Vision Fund is a $100+ Billion investment arm of a $Trillion+ company. They can afford to lose a $Billion / year on many different companies for the entirety of 2010 through 2020, and they preferred losing money rather than losing market dominance.