SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.
from a Son presentation on that 300-year plan include focusing on cloning, 200-year-old human beings and telepathy.in a startups including Uber, Didi Chuxing, DoorDash, Fanatics, Flexport, Grab, Lemonade, Opendoor, SoFi, and The We Company , is crafted after Son's "vision," hence the name."to continue to grow as a corporate group for the next 300 years.
I'm going to take a quick timeout. A 300-year plan is completely bonkers. It's asking someone from the year 1719 to predict today, in 30-year increments. It's a fun exercise. It's also ridiculous. Put me down for "insane" for this one.my colleague Riley de Leon"I'm not worried about an exit in two to three years," Housenbold said. "I'm worried about maximizing returns over 7 to 10 to 15 years.
SoftBank has largely transitioned from a Japanese wireless provider to a diverse investment vehicle, and its investments need to monetize so that investors keep giving Son and SoftBank more money. And while the Vision Fund is still in its relative infancy, its first big investment went public last week -- Uber -- and there were some problems.
. It's so far never traded above its debut price of $45, and closed its first full week on the market at $41.70.that investors' appetite was suppressed in part by the success of ride-hailing competitors around the world, like Didi in China and 99 in Latin America , both of which have received huge funding rounds from...SoftBank.
That's not to say Uber will be a bad investment for SoftBank, which originally bought in at around $33 per share, giving Son a 27% paper gain over Friday's closing price. Of course, SoftBankSoftBank also owns more than 80% of Sprint. Son is holding out hope that regulators will allow
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