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SoftBank's Billions Spur Global Race to Pour Money into Startups
- thisisit 9y agoMasayashi Son and Softbank have the history of greatest lost of net worth ever: https://www.bloomberg.com/news/articles/2017-10-11/how-softbank-s-son-bounced-back-after-the-dot-com-crash https://www.bloomberg.com/news/articles/2017-10-11/how-softb... So, I wonder if everyone who is following Softbank's lead will have the iron stomach to take those kind of losses, if market crashes.
- jamisteven 9y agoWith big loss of money, come big gain of knowledge. - Some Saudi
- rorykoehler 9y ago2 things. If the market crashes Softbank have enough money to ride it out and they are investing heavily in things that will become seamlessly embedded in every day life.
- te_chris 9y agoDidn't the paradise papers basically reveal that softbank is the acceptable face of dodgy money?
- soVeryTired 9y agoI can't see much about that on google, but I'd be very interested to read about it if you've got a link.
- 0xB31B1B 9y agoIt’s 50% Saudi money
- Neracked 9y agoOnly thing I could find about Softbank and paradise papers is a few lines in a NHK world article [1]: > Telecom giant Softbank Group set up a business entity based in the Cayman Islands to operate an investment fund four years ago. The name of the company's CEO, Masayoshi Son, was mentioned in one of the documents. > Softbank says it registered the investment fund there to avoid dual taxation for its investors. While suspicious, this seems like too little evidence to support a broad statement such as "softbank is the acceptable face of dodgy money". [1]https://www3.nhk.or.jp/nhkworld/nhknewsline/backstories/bignamesinparadisepapers/ https://www3.nhk.or.jp/nhkworld/nhknewsline/backstories/bign...