SoftBank Founder Masayoshi Son Discusses Third Vision Fund
According to the latest report by The Wall Street Journal, SoftBank Group Corp. (TYO: 9984) founder Masayoshi Son has decided to set up the third Vision Fund, weeks after apologizing for the disappointing performance of his first two funds.
The 65-year-old entrepreneur has just raised billions of dollars in cash and views another startup fund as one of several possible uses for the funds, according to individuals who requested anonymity because the topic is confidential. They stated that it is not yet known how much capital Son might want to invest in a third fund. The first Vision Fund had foreign investors, including Saudi Arabia's Public Investment Fund, but the second contained nearly $40 billion and was funded completely by SoftBank.
Son stated that he expected to raise mone...