What are people’s’ thoughts on Softbank’s Vision Fund? Will it be successful/disrupt the vc industry?

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It is interesting... find that deck on their website outlining the "300 year goals". It is 50% genius 50% comically vague. They are writing checks that almost no one else in the ecosystem can match, putting them in a uniquely powerful position as a funder of companies aiming for $10B+ valuations. They are also pumping those valuations up putting short term returns at risk... but maybe that matters less if you are thinking on a 300 year horizon. Love following it!

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blew through the first one, decent paper gains but hard to liquidate position that size.

Honestly think they are spending money too much, perhaphs trying to ride the start up wave

I track VC activity as part of my role, it’s brilliant. SoftBank can easily pump money in and get out at super high valuations. Just think about the IPO markets and the multiples being assigned right now.

Glad they didn’t get completely involved in WeWork like they initially said they would. Saved themselves some money there, not like they had to

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