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There is a lot of data out there given they are publicly traded, although I don't like their presentations: [0] 13 IPOs for Vision Funds I and II Fair Value o

There is a lot of data out there given they are publicly traded, although I don't like their presentations: [0] 13 IPOs for Vision Funds I and II Fair Value of both funds: $116.7b Investment Gains: $27.6b Dry Powder: $19.5b Distribution to LPs: $15.2b 'SoftBank backed does amazing things' is always relative especially because the failures are much more media-friendly. Case in point: There are only 7 posts on Guardant Health on HN. What they are doing in liquid biopsy for cancer treatment is remarkable, and yet we never comment on that. [0] https://group.softbank/system/files/pdf/ir/presentations/2020/investor-svf_q3fy2020_01_en.pdf https://group.softbank/system/files/pdf/ir/presentations/202...

itsoktocry 6y ago
>13 IPOs for Vision Funds I and II An IPO, in-and-of-itself, isn't a "success". In fact, I'd fathom that at least half the time it's insiders dumping garbage on the public.
- darkwizard42 6y ago
  Actually in the case of GP and GGP comment, this is EXACTLY what represents a financial success. If Softbank was able to exit their position through IPO and the company delivered great returns then Softbank's investment was a success. Your sentiment is very broad and repeatedly echoed across HN, but in this comment chain it doesn't make any sense because they are asking about "making a profit"
- marc__1 6y ago
  > I'd fathom that at least half the time it's insiders dumping garbage on the public What is the data you have to back this? Goldman Sachs analyzed 4,481 U.S. IPOs over the past 25 years and this is one of their conclusions: "Since 2010, IPOs with annual sales growth greater than 20% have been more likely to outperform Russell 3000 over three years than a comparable, slower-growing IPO" Jay Ritter, professor at University of Florida, has a great table [1] that shows that companies with $100m in ARR who IPOed from 1980-2018 (n=3,299) have an average of 40.8% in returns on a buy and hold strategy 3 years after IPO, compared to 0.8% from the market. More data here: [0] https://www.barrons.com/articles/money-losing-ipo-stocks-can-still-be-winners-look-at-the-data-51567764900 https://www.barrons.com/articles/money-losing-ipo-stocks-can... [1] https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.... https://www.goldmansachs.com/insights/pages/top-of-mind/the-ipo-spac-tacle/report.pdf https://www.goldmansachs.com/insights/pages/top-of-mind/the-... https://site.warrington.ufl.edu/ritter/files/2015/06/Why-Has-IPO-Underpricing-Changed-Over-Time-2004.pdf https://site.warrington.ufl.edu/ritter/files/2015/06/Why-Has...

itsoktocry 6y ago

>13 IPOs for Vision Funds I and II An IPO, in-and-of-itself, isn't a "success". In fact, I'd fathom that at least half the time it's insiders dumping garbage on the public.

darkwizard42 6y ago
Actually in the case of GP and GGP comment, this is EXACTLY what represents a financial success. If Softbank was able to exit their position through IPO and the company delivered great returns then Softbank's investment was a success. Your sentiment is very broad and repeatedly echoed across HN, but in this comment chain it doesn't make any sense because they are asking about "making a profit"
marc__1 6y ago
> I'd fathom that at least half the time it's insiders dumping garbage on the public What is the data you have to back this? Goldman Sachs analyzed 4,481 U.S. IPOs over the past 25 years and this is one of their conclusions: "Since 2010, IPOs with annual sales growth greater than 20% have been more likely to outperform Russell 3000 over three years than a comparable, slower-growing IPO" Jay Ritter, professor at University of Florida, has a great table [1] that shows that companies with $100m in ARR who IPOed from 1980-2018 (n=3,299) have an average of 40.8% in returns on a buy and hold strategy 3 years after IPO, compared to 0.8% from the market. More data here: [0] https://www.barrons.com/articles/money-losing-ipo-stocks-can-still-be-winners-look-at-the-data-51567764900 https://www.barrons.com/articles/money-losing-ipo-stocks-can... [1] https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.... https://www.goldmansachs.com/insights/pages/top-of-mind/the-ipo-spac-tacle/report.pdf https://www.goldmansachs.com/insights/pages/top-of-mind/the-... https://site.warrington.ufl.edu/ritter/files/2015/06/Why-Has-IPO-Underpricing-Changed-Over-Time-2004.pdf https://site.warrington.ufl.edu/ritter/files/2015/06/Why-Has...