[chrdlu]

In many ways nostromo95 is correct, however that $1B is probably sitting at the top of the liquidation preference stack. The rest of the money would probably be buying earlier preferred stock or common shares which would be riskier especially if the company can't maintain the $70B valuation.

As a side note, if you were to try and double $100B, I think Softbank's approach is pretty good. You'd aim to invest large amounts of capital into late stage companies and negotiate to be the most senior liquidation preference. This strategy would give you growth potential as well as plenty of downside protection. One downside is that companies that take Softbank's money may struggle to raise additional private rounds. As a result, I think Softbank will be the last round of private capital that many of these companies will raise before IPO or some kind of M&A.