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Thursday, 17 May 2018

A $200 Billion Question: Can Tech Swallow Another Son Mega Fund? - Bloomberg

A $200 Billion Question: Can Tech Swallow Another Son Mega Fund? - Bloomberg:

"Ask investors from Silicon Valley to Wall Street what’s had the biggest recent impact on tech startup exits and most will answer: Masayoshi Son’s almost $100 billion Vision Fund. Now Son, the the founder and chief executive officer of SoftBank Group Corp., has a version 2.0 in the works, according to people familiar with the matter. It’s likely to be similar in size to the first -- already the world’s biggest tech fund -- and it could be coming as soon as next year, the people said, asking not to be identified as the matter is private. Another mega fund rooting for deals among private tech companies would give founders cash to grow their businesses, and early investors a potential opportunity to sell and get liquidity. But it also could help further inflate already-pumped private valuations, crowding out other investors and delaying the inevitable sale or initial public offering -- and the scrutiny of public markets."



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