SoftBank and the late-stage venture capital J-curve

SoftBank had some good data to report overnight with its third-quarter earnings, which covers the last quarter of 2020 through December 31. The company’s first Vision Fund reported large gains driven by DoorDash, where the company’s $680 million investment blew up to just shy of $9 billion — a 13.2x return in SoftBank’s math. While … Continue reading SoftBank and the late-stage venture capital J-curve