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Correct, thanks for that note. It seems that SoftBank wants to fund directly 38b$ and indirectly 20b$ through employees. In the first fund SoftBank contributi
by tumetab1 7y ago
Correct, thanks for that note.
It seems that SoftBank wants to fund directly 38b$ and indirectly 20b$ through employees.
In the first fund SoftBank contribution seems to have been 28B$ in a total of 93$B.
It seems that SoftBank is having a hard time getting the Saudi Arabia to invest again in the new fund. In the first one they put 45B$.
- jacquesc 7y agoDo you think they're still trying to get more Saudi money after the Jamal Khashoggi government sponsored murder? VCs need to be smart about their LPs. Idealistic startup founders / employees (the one's VCs tend to invest in) don't want to take blood money for their company.
- JumpCrisscross 7y ago> Do you think they're still trying to get more Saudi money after the Jamal Khashoggi government sponsored murder? Yes. There has been zero backlash against SoftBank or Saudi-backed VCs from companies or consumers.