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Right on first point. Considering they are ranging the investment from public markets (nvidia) to large scale private investments like uber, I'd say they're ban
by agibsonccc 9y ago
Right on first point. Considering they are ranging the investment from public markets (nvidia) to large scale private investments like uber, I'd say they're banking on a ton of these companies going public long term to make the ROI worth it.
As for some of these questionable bets, I think the goal there is the traditional unicorn moon shot type return where 1 of those investments will return the whole "pool of smaller investments". I wouldn't be surprised if they put the funding in to pools and divide up the risk like that.
In general, I wouldn't be surprised if they invest in more public companies if they run out of late stage private bets to make.
As for whether they create a bubble, you might be right. Like I said, I can't/won't try to comment on whether it's a bubble or not. It's just strange because we have a large foreign entity making large scale private bets in the valley as well as abroad.