Techmeme

Results 31 - 40 of about 133:

Bloomberg:
Current and ex-employees of SoftBank's Vision Fund describe an environment of sycophancy towards Son, harassment, rivalries, and a culture of recklessness   —  Masayoshi Son's venture capital firm is famous for making outsize bets on tech startups.  It has also been described as an environment of sycophancy and harassment.
Dec 18, 2019, 8:30 AMIn context
Miles Kruppa / Financial Times:
Dog walking startup Wag says SoftBank no longer has board seats; source: SoftBank has sold its stake back to Wag at a loss after investing $300M in January 2018   —  SoftBank Group agreed to sell its nearly 50 per cent stake in Wag back to the dog walking company, ending a disappointing investment …
Dec 9, 2019, 6:10 PMIn context
Bloomberg:
Sources: SoftBank Group completed the first close of $2B for the Vision Fund 2 so it can start backing startups; SoftBank initially targeted $108B for this fund   —  - Technology fund's initial close raises about $2 billion  — Outside investors yet to commit to SoftBank's latest fund
Nov 15, 2019, 3:30 PMIn context
Bloomberg:
Sources: SoftBank passed on investing in Cadre after Jared Kushner did not divest his stake in the real estate startup, as requested by SoftBank   —  SoftBank wanted Kushner to divest.  He wouldn't, and deal talks died.  It was a missed opportunity for a start-up beset by tech limits, high turnover and unfulfilled promise.
Nov 14, 2019, 12:20 PMIn context
Pavel Alpeyev / Bloomberg:
SoftBank reports a loss of $6.5B, its first quarterly operating loss in 14 years, and a loss of $8.9B in the Vision Fund, including a charge of $4.6B for WeWork   —  SoftBank Group Corp. reported its first quarterly operating loss in 14 years after writing down the value of some of its marquee investments …
Nov 6, 2019, 2:20 AMIn context
Wall Street Journal:
Companies in Vision Fund's portfolio, like Wag and Fair, are struggling; sources say Oyo founder invested $2B in his company with a loan backed by Masayoshi Son   —  Other companies the huge tech investment fund has backed have struggled lately  —  SoftBank Group Corp. 's longtime strategy …
Nov 4, 2019, 10:40 PMIn context
Bloomberg:
Sources: SoftBank is planning to take a writedown of at least $5B to reflect a plunge in the value of some of its biggest holdings, including WeWork and Uber   —  SoftBank is planning to take a writedown of at least $5 billion to reflect a plunge in the value of some of its biggest holdings …
Oct 24, 2019, 7:00 PMIn context
Anirban Sen / Reuters:
Sources: SoftBank is struggling to raise money for Vision Fund 2; it is likely to be far smaller, at least at the start, than the $108B it said it had lined up   —  (Reuters) - SoftBank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund …
Oct 4, 2019, 2:35 PMIn context
Sara Ashley O'Brien / CNN:
Former employees of dog-walking startup Wag, which raised $300M from SoftBank and replaced CEO in Jan. 2018, describe slowed growth, multiple layoffs, and more   —  (CNN)At the start of 2018, Wag looked like tech's next Big Thing.  —  In January, the founders of the dog-walking startup announced …
Sep 27, 2019, 2:45 PMIn context
Bloomberg:
Sources: SoftBank Vision Fund backers Saudi Arabia's PIF and UAE's Mubadala are reconsidering how much to commit to Vision Fund II as a big bet on WeWork sours   —  - Saudis, Abu Dhabi consider dramatically cutting investment  — Discussions follow WeWork IPO process, drop in valuation
Sep 16, 2019, 1:15 PMIn context

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