Softbank is famous for investing in tech startups which are trying to solve the modern world’s problems, and that’s why under the leadership of Masayoshi Son company has created a vision fund of $100 billion. The report shows that Masayoshi Son said vision fund under which the company has invested so much amount of money is already giving them the right amount of return. Recently Uber, WeWork and Slack went for IPO which ultimately made Softbank vision fund more richer than anyone knows. But even before these companies went public Vision Fund was earning a substantial amount of money from them in the form of returns.
The rate of returns which vision Fund gets from startups differs from company to company, but Masayoshi Son thinks they are doing quite well as compared to other VCs. In tech sector, Masayoshi Son is considered as one of the greatest visionaries because he has already planned a perfect future of how the startups are going to change this world. While talking on this subject Son revealed he got lots of criticism for creating such a high-value portfolio and some critics even Softbank is disrupting venture capitalism with it. However, now when they see the results, they are happy that they took such type of hard decisions.
Son pointed out the fact Softbank earning more than 27% of returns from this fund which is nothing but an extraordinary thing. Vision Fund so far has made 82 investments, and all of them have given them more than a standard rate of return to the company. Softbank most of the times value a company based on its performance and public valuation. Masayoshi Son has decided always liked tech companies which are trying to solve modern world’s problem, and that’s the reason he is now investing in AI and robotic companies.