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by mrep
2535 days ago
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> SoftBank fellas said that autonomous cars will be ‘won’ by those who can outspend everyone else. Lol, of course they said that as their entire investment strategy is to throw more dumb money at startups than anyone else can possibly match. Their vision fund VC has been investing $100 billion dollars and they're planning on doing another $100 billion dollar fund. "To put the fund’s magnitude in perspective, its size is almost double the investments made by U.S. venture firms last year. PitchBook data shows that VC fundraising in the U.S. totaled $53.9 billion last year across more than 200 funds, and that was the largest annual raise in at least a decade." [0] [0]: https://www.cnbc.com/2019/05/17/softbanks-100-billion-vision... |
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