FYI: When billionaire SoftBank founder and Japanese business magnate Masayoshi Son announced plans for his $100 billion Vision Fund in 2016 with the promise of further accelerating “the Information Revolution,” the tech world was skeptical.
Some prospective investors even reportedly laughed at the idea of a $100 billion fund when Son initially pitched it. Drawing largely from Saudi Arabia’s sovereign wealth fund, which has recently become a controversial source of capital, and SoftBank itself, The Vision Fund’s dollar ammunition dwarfed every fund that has come before it, according to Dealogic. For comparison’s sake, in 2017 total venture funding in the U.S. totaled $84 billion.
Regards,
Ted
https://finance.yahoo.com/news/softbanks-vision-fund-deploying-100-billion-185127309.html
