SoftBank's losses signal the end of a VC era - PitchBook News & Analysis
5/13/2022 12:00:00 AM3 years 9 months ago
by Andrew Woodman
by Andrew Woodman
SoftBank posted a loss of about $13 billion in the last fiscal year. The losses align with a changing mindset for the VC industry, and it marks a watershed moment for SoftBank and its Vision Funds.
In recent years, SoftBank has been something of a totem for venture capital largesse. The Japanese investment juggernaut headed by Masayoshi Son has been, by some margin, VC's most prolific investor,… [+4844 chars]
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