3 ms·
They have lost tens of billions on ~150 billion invested, much of that during boom years.
by morelisp 3y ago
They have lost tens of billions on ~150 billion invested, much of that during boom years.
- Kye 3y agoOn the other hand, they might be on the verge of profitability depending on how some of their investments go. https://en.wikipedia.org/wiki/SoftBank_Vision_Fund#Notable_investments https://en.wikipedia.org/wiki/SoftBank_Vision_Fund#Notable_i... For example: Arm, ByteDance, Mapbox, Nvidia, Slack. All real companies with real businesses that have huge potential.
- morelisp 3y ago> they might be on the verge of profitability depending on how some of their investments go. Just like everyone else.
- Kye 3y agoThere's a whole post there. It's not just one out of context sentence. Maybe focus on the examples I gave to support that sentence.
- morelisp 3y agoSure, let's take an example. Nvidia might be a real company with real products but that has little bearing on your investment value if if you sold it all in 2019. Even less if you invested with a different fund than you sold it as part of so it looks more successful than it was. ("Successful" being an awful word, since they lost 400 million.)
- some_random 3y agoI don't have any context for other funds, but I have a really hard time believing that it's hard to do better than break even at that scale of capital.