4 ms·
Softbank has over $10 billion of its $100 billion Vision Fund invested in WeWork. That's a hell of a big bet. It's not hard to imagine Softbank will do whateve
by heymijo 7y ago
Softbank has over $10 billion of its $100 billion Vision Fund invested in WeWork.
That's a hell of a big bet. It's not hard to imagine Softbank will do whatever it can, rational or not, to try to get WeWork to a point where they can cash out.
- tomatocracy 7y agoYes. It’s a pretty common conflict of interest between the manager of the fund (which has a strong incentive to raise new fund while they can as quickly as possible so will want to prop up any losers until the current round of fundraising is complete) and the investors in the fund (who may or may not also be invested in the manager itself).
- navigatesol 7y ago>Softbank will do whatever it can I agree: they'll do something. But having to pour money into a company that just blew its IPO because the business is terrible...well, not sure the market as a whole can see that as anything else but "we're f-cked!"