As its fundraising lags, SoftBank’s second Vision Fund could be near-sighted
SoftBank,the technology conglomerate that transformed the venture capital industry and made waves in the technology world with its $100 billion Vision Fund, may not be able to repeat the performance or sustain its revolutionary approach to tech investing, The Wall Street Journal reports.
According to the Journal, SoftBank may only be able to raise half of the $108 billion target it had set for its sequel to the Vision Fund — with most of that money coming from the Japanese company itself.
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