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Is there any info on what sort of returns Softbank is getting? Or on what basis investors think that sinking so much money into this fund is a good idea?
by Eridrus 9y ago
Is there any info on what sort of returns Softbank is getting? Or on what basis investors think that sinking so much money into this fund is a good idea?
- agibsonccc 9y agoI can't talk about too much, but we do quite a bit with softbank[1], and I live in Japan working with HQ. The bets they are making are actually pretty predictable, they are all more "sure" wins. Many of these companies will not exit for a long time. They are making some (in my opinion) questionable bets on more early stage companies though. If the bets are < 100 million, some of these are more traditional R&D bets that might not give proper returns. Of note here is that "softbank" is actually a massive investment fund though. There are multiple sources of money, not just 1 "vision" fund. Even the way the decision making is done is pretty fragmented. Edit: wrong press release link [1]https://www.forbes.com/sites/aarontilley/2017/09/18/skymind-deep-learning-tool-robots/ https://www.forbes.com/sites/aarontilley/2017/09/18/skymind-... [2]: https://skymind.ai/press/softbank https://skymind.ai/press/softbank
- mbesto 9y agoMy understanding is that they are 100-year theses (serious), so I don't think they operate under the same return trajectories you would see elsewhere.