With $64 bn raised by all VC funds in 2016 by contrast, the implications of this pool of capital include supercharging a relatively small number of companies: an enormous bet itself, the Economist argues.
Masayoshi Son, Softbank CEO and founder, “personally makes most of the investing decisions”, the article notes. One of Softbank’s acquisitions is the robot pioneer Boston Dynamics. Google sold it to Softbank for reasons including the misfit between the scary look of the robots and the Google brand.
Image: China Daily