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The linchpin for a lot of technology companies staying private has been Softbank. As they highlight in this article: > The Japanese firm dumped billions of dol
by thisisit 9y ago
The linchpin for a lot of technology companies staying private has been Softbank. As they highlight in this article:
> The Japanese firm dumped billions of dollars into Uber, WeWork Cos. and other highly valued tech startups in the last year.
I wonder where are these guys getting so much money to "dump". And once all of this is over what will they really be remembered for?
- philfrasty 9y ago$100 billion „vision“ fund: http://www.businessinsider.de/softbank-ceo-100-billion-vision-fund-made-3-billion-profit-five-months-2017-10?r=US&IR=T http://www.businessinsider.de/softbank-ceo-100-billion-visio...
- kazinator 9y ago> I wonder where are these [Softbank] guys getting so much money to "dump" Selling shitty, slow Internet service to old people, that cuts out when a phone call comes in.
- econner 9y agoFrom Saudi oil magnates.
- ipsum2 9y agoThe Crown Prince of Saudi Arabia actually: https://www.bloomberg.com/news/articles/2017-12-10/softbank-s-saudi-ties-could-mean-cash-after-kingdom-s-crackdown https://www.bloomberg.com/news/articles/2017-12-10/softbank-...
- aianus 9y ago> I wonder where are these guys getting so much money to "dump" They invested in Alibaba early. One of the best VC investments of all time. $58 billion return.
- tanilama 9y ago30% of alibaba stock right? That is much more than 58 billions now...
- avarun 9y agoCheck out how much of their $100bn vision fund they've already spent: https://techcrunch.com/2018/02/07/softbank-vision-fund-over-35-billion/ https://techcrunch.com/2018/02/07/softbank-vision-fund-over-...