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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
More pain ahead for unicorns, especially those birthed by the Japanese conglomerate and its Vision Fund.
SoftBank’s Vision Fund is the bellwether of optimism, grounded in the belief that technology-enabled businesses will change the world for the better and the fund will profit from it. It also serves as a sort of benchmark for venture capital firms. I know this because several venture investors like to boast about this. I’m afraid the latest on this investment thesis is that SoftBank has been humbled.
A couple of weeks ago, the Vision Fund posted a $7.2 billion loss in the July-September quarter. Meanwhile, Masayoshi Son, SoftBank’s charismatic founder, said he was stepping back from running day-to-day operations at …
