How SoftBank’s Vision Fund turned losses into gold this summer
It’s difficult to reflect to the Vision Fund period today, given the oddities that 2020 has actually brought. But SoftBank’s gravity-bending financial investment car only stopped investing last September, ending its dispensation of substantial blocks of money from an overall dedicated capital pool worth almost $99 billion. The Vision Fund was a wrecking ball, smashing into […] The Vision Fund was a wrecking ball, smashing into any business it selected with a big check and needs for rapid growth. At the end of its fiscal 2019, SoftBank Group reported that the Vision Fund held 88 investments that had cost it $75.0 billion. Of course, SoftBank Group is far more than the Vision Fund– the business is a Japanese corporation with a huge telecom organization that makes lots of cash. …
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