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I think the vision fund will probably act less like a typical VC fund and more like a private equity / leveraged buyout fund. Rather than invest in really early
by aaavl2821 8y ago
I think the vision fund will probably act less like a typical VC fund and more like a private equity / leveraged buyout fund. Rather than invest in really early but promising companies, invest in companies that are more mature and are leaders in industries with high growth potential. And then use your huge wallet as a weapon to move and shape those industries as you see fit
The ride sharing market is an example. He's invested in several ride sharing cos with leadership in different geographies. If a company doesn't want his money, he can threaten to give $5B to a competitor. That's an almost predatory, and certainly not founder friendly move. not quite as aggressive as Carl Icahn for ex, but certainly not something most VCs would do (maybe I'm giving VCs too much credit).
Once he invests in a company I imagine he will use each company as a chess piece in reshaping industries. If there's a battle between two ride sharing companies over leadership of a new market, he'll probably be in a position to influence how that plays out.
So maybe the fund is less about investing in innovation and more about staking claims to pieces of the digital economy and playing a game of chess against the rest of the global tech industry
- charlesdm 8y ago> but certainly not something most VCs would do They certainly would, but they don't have enough cash to do that. I even read somewhere he already wants to raise a second Vision fund.