SoftBank takes the brakes off Vision Fund with $22bn bet
SoftBank takes the brakes off Vision Fund with $22bn bet Chief Masayoshi Son's second Vision Fund has made 64 investments already so far this year The second Vision Fund has been involved in $21.9bn of deals this year Credit: KAZUHIRO NOGI/AFP Phil Libin wasn’t looking for investors. His video app, "mmhmm", had raised $31m (£23m) just a few months earlier, enough for the Silicon Valley company to operate for the next two years. But when SoftBank discovered that venture capital funds had started to offer the year-old company more cash, it refused to be left out. Within two days, Libin was r...
Source: telegraph.co.uk