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SoftBank’s Vision Fund losses have consumed nearly all of its historical gains – TechCrunch


Earnings season is slowing down, with America’s biggest tech companies reporting second-quarter results. But often, the most interesting results don’t come from your Amazons or Apples, but from smaller concerns — and even those that aren’t traditional tech companies. SoftBank for example.

Today, Japan’s corporation and startup investment powerhouse income statement that’s more than a little bleak. SoftBank’s quarterly loss, worth about 3.2 trillion yen ($24.5 billion), was the largest in history, leading the company to post the following image: Investor’s presentation:

Image credits: SoftBank investor presentation

They say that a picture is worth a thousand words. So what happened? How did SoftBank lose so much money? The Vision Fund, its two-part effort to invest more than $100 billion to work in private companies. Let’s see what caused the damage.


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But before we do, it should be noted that the Vision Fund has has gone through a period of transformation. After the failure of the WeWork IPO, it became a bit more difficult for companies, with Profit becomes the keyword of its world. But that doesn’t mean SoftBank has stopped pouring capital into its operations – nor is it immune from changing market conditions. Let’s take a look.

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