BUSINESS
SoftBank's second Vision Fund hangs in the balance after the first one posted a record $18 billion loss
BUSINESS

SoftBank's second Vision Fund hangs in the balance after the first one posted a record $18 billion loss

Published: May 22, 2020  |  5 min read, 931 words
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Keep Me Logged InKey PointsThe future of 's second Vision Fund is in jeopardy after the first one reported record losses of $18 billion on Monday — thanks in large part to the collapsing valuations of firms like and WeWork, which SoftBank has pumped billions into.  The first Vision Fund, launched by SoftBank founder Masayoshi Son in 2017, due to its sheer size. At $100 billion, it was several orders of magnitude larger than any other tech investment fund including those of Silicon Valley heavyweights like Sequoia and Andreessen Horowitz. More than half of the money comes from contributors... READ MORE
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