Archive: vision fund
While VCs Struggle, Crowdfunders Are Coming Out on Top
By Andy Gordon on June 8, 2022
2022 has not been kind to SoftBank CEO Masayoshi Son. He’s calling it a “technology winter.” And the numbers are certainly chilling for Son. SoftBank’s Vision Fund lost 2.64 trillion yen ($20.5 billion) for the year ending March 31. The previous year, it had made a profit. The same holdings that drove that profit are now punishing SoftBank’s bottom line. Shares for South Korean e-commerce giant Coupang dropped 60% in the first quarter. Chinese ride-hailing pioneer…
SoftBank Is No Longer Getting a Pass
By Andy Gordon on January 8, 2020
SoftBank has a history of writing big checks for flawed startups. And it doesn’t seem to have learned its lesson.