A veteran Silicon Valley investor said SoftBank's $100 billion Vision Fund had one big fatal flaw â€” too much money
SoftBank's $100 billion Vision Fund had a big flaw that hindered it from the get-go, Menlo Ventures partner Matt Murphy told Business Insider.
SoftBank's $100 billion Vision Fund was designed to disrupt the venture industry, but it was hobbled by a critical flaw, said one longtime Silicon Valley investor.
Enterprise software startups likewise need time to develop their businesses, Murphy said.
SoftBank on Monday announced that the Vision Fund lost nearly $18 billion in its last fiscal year as investments in WeWork, Uber, and other startups went south.
Murphy and other venture capitalists and business experts who spoke to Business Insider said they thought the fund was fundamentally flawed from the beginning.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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