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$100B is not that much money. (Note to self: you just said $100B isn't that much money. Get head examined.) Bezos can aggressively handle it. Gates aggressively
by CalChris 7y ago
$100B is not that much money. (Note to self: you just said $100B isn't that much money. Get head examined.) Bezos can aggressively handle it. Gates aggressively can handle it. Buffett can aggressively it. What is so special about the Vision Fund that it wants to put its money in the likes of Uber and WeWork? I would think knowledgable VCs would do their due diligence and avoid these companies.
Investing into Uber at $47B isn't vision.
- fragmede 7y agoYou're right, it isn't vision. Valuations are largely bullshit, so "at $47B" is finance trickery.
- petra 7y agoBuffet is sitting on $120B of cash: https://www.inc.com/jason-aten/warren-buffett-has-a-122-billion-problem-it-could-be-really-bad-news-or-a-really-good-lesson.html https://www.inc.com/jason-aten/warren-buffett-has-a-122-bill... Bezos isn't a VC, he owns the greatest demand engine the world has ever known, and that matters when spending money. And Gates ? he deals, smartly, with much lower sums. His energy VC is for example, has $1B. It's not so easy spending $40B-$50B in 3 years, like the vision fund did.
- CalChris 7y agoBezos was a seed investor in Google in 1998. Bezos Expeditions is a massive family foundation fund.
- lazyjones 7y ago> It's not so easy spending $40B-$50B in 3 years, like the vision fund did. It is if you buy a few healthy companies instead of gambling in the early stage startup market.
- Kiro 7y agoOr maybe they did their due diligence and everyone else is wrong. We're talking like the companies have already collapsed while it could be the best investment ever.