There is a risk that SoftBank is creating its own tech bubble, especially given the outcome for companies backed by the first fund remains unclear.
simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.The company has confirmed that Apple, newcomer Microsoft, Foxconn, and others will invest in the fund. Saudi Arabia has not been named as a limited partner, but could still commit funds.
The first Vision Fund caused shockwaves by dropping hundreds of billions of dollars into unprofitable or unproven companies. It has completely changed how venture capital works and has fostered a trend of companies staying private for much longer. There is a risk that SoftBank is creating its own tech bubble, especially given the outcome for many companies backed by the first fund remains unclear.The company has invested billions into a wide range of fast-growing companies around the world, such as Uber, Slack, DoorDash, hotel franchising firm Oyo, and a number of ride-hailing companies in Asia such as Ola and Grab.to its second Vision Fund, its investment vehicle for backing promising technology firms.
The second batch of investors looks a little different. Microsoft has invested for the first time, while Apple and Foxconn have reinvested. Other backers include a number of Japanese banks and insurers and pension funds.
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