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What a scoop from WSJ! Softbank will lend $20B to its own employees, including Masayoshi Son, to...wait for it...buy stakes in Softbank. These 2 lines are best. https://t.co/gvBhxghF3t pic.twitter.com/GY30u71dMA
— Rohin Dharmakumar (@r0h1n) August 17, 2019
Good gracious, WHAT? https://t.co/mrlIvBTn53
— Shira Ovide (@ShiraOvide) August 17, 2019
One of the biggest investors in unproven tech in the world. One of the biggest lenders of debt in the world. Now they are lending to their employees to invest in their own unproven ideas. What could possibly go wrong? ? #SoftBank #tech https://t.co/ifAsFcFWfW
— Jim Osman ???? (@EdgeCGroup) August 17, 2019
"SoftBank to Lend Founder and Employees Billions to Invest in Fund - Unusual setup doubly exposes the Japanese company to a startup economy that is starting to show cracks" https://t.co/nCiSNIqirw
— Mark B. Spiegel (@markbspiegel) August 17, 2019
From the genius funding WeWork!
ROFLMAO!
Softbank is always breaking new ground https://t.co/7n58s9LC37
— hussein kanji (@hkanji) August 17, 2019
"SoftBank to Lend Founder and Employees Billions to Invest in Fund"https://t.co/bhyZd5M4OF pic.twitter.com/10qT8Cgjlx
— Subrahmanyam KVJ (@SuB8u) August 17, 2019
Japan’s Softbank plans to lend up to $20 billion to its employees to buy stakes in its second giant venture-capital fund. https://t.co/Xo0O7SdTy7
— Emma Graham (@themmagraham) August 17, 2019
SoftBank to put up to $15bn into new fund on behalf of employees https://t.co/ZYsZXSQkmL
— Financial Times (@FT) August 17, 2019
The $108bn SoftBank Vision Fund II will be almost half be made up of money from SoftBank, its founder Masayoshi Son and his employees. FT Latest with new lines on Saudi Arabia’s involvement https://t.co/9PimC3PPWs Story with @KanaInagaki
— Arash Massoudi (@ArashMassoudi) August 17, 2019
Because if there’s one thing SoftBank is missing, it’s leverage https://t.co/WXpM4MukLb pic.twitter.com/uwhQad8DAg
— Austen Allred (@Austen) August 17, 2019
SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund https://t.co/GhFyv7N6b3 #Microsoft
— Laurent MILTGEN (@kubernan) August 17, 2019
"If startup valuations remain high and the Vision Fund’s companies grow and go public, employees could pay back their loans with gains from the fund stakes. But if it falters, SoftBank could lose money on the loans." https://t.co/eUBgy3NCql
— Jawad Mian (@jsmian) August 18, 2019
I can't help but compare it to #LTCM (famed HF bailed out in '97 by the FED): 1 year earlier, the partners returned money to investors (whilst profitable) to gain more exposure themselves to their investment. (i.e. drinking their own coolAid) #Just saying https://t.co/IDgyZx1D9i
— Claudia Zeisberger (@Claudiazeisberg) August 18, 2019
- Business News Beyond BBG -
— Ed van der Walt (@EdVanDerWalt) August 18, 2019
* FT: MPs demand Johnson recall parliament over Brexit
* Nikkei: Protesters mass in Hong Kong for anti-government rally
* WSJ: SoftBank to Lend Founder and Employees Billions to Invest in Fundhttps://t.co/aziAEZQthm
#Japan's ?? #SoftBank to lend upto $20Bn to its employees, including #CEO Masa Son to buy stakes in its second giant #technology #VC #VisionFund.
— Tarak H. Rindani (@TarakRindani) August 18, 2019
This setup doubly exposes the Japanese company to a #startup #economy that is starting to show cracks.https://t.co/zGqil4tsE0
Today in What Could Possibly Go Wrong, SoftBank is lending money to its own employees to invest in... SoftBank. https://t.co/Orsj16BXfE
— Laurie Voss (@seldo) August 17, 2019
VOTE:
— Josh Wolfe (@wolfejosh) August 17, 2019
1
It’s Indebted Turtles All The Way Down...
2
Area Man Puzzled as Cynical DeutcheBank debt dudes masquerade as singularity-chasing futurists
3
Debt upon Debt Upon Debt is What He Has
You wanna diss Masa but you still don’t know the half
-RIP Phifehttps://t.co/vOqBJUv4Fo
Time to short SoftBank yet? https://t.co/j4V8cBLzam
— Tomi (@tomi) August 17, 2019
SoftBank staff to put up to $15bn into new Vision Fund | Financial Times 〜新しいビジョンファンドの１割を超える最大150億ドルをSBGの役職員が出資へ、多くは孫さん自身との報道。第１号ファンドで大口出資したサウジとの交渉はまだ続いている模様 https://t.co/NT89RcWiV2
— 豊嶋広 (@hiroshi_toshima) August 17, 2019
Lmao we can see where the WeWork CEO learnt work || SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund – TechCrunch https://t.co/rEEkELE7U4
— Odunayo (@OdunEweniyi) August 17, 2019
Talk about creative lending! Giving employees loans to reinvest in the company ??https://t.co/L6fGswLITX
— Where's Bob? (@BobInDeepXRP) August 17, 2019
I am lost at this point to how Softbank can take on so much leverage esp for non typical uses. Would be great if a reporter can help untangle this...@amir @eliotwbhttps://t.co/cIPOP9Iy8H
— Brandon Reeves (@BrandonReeves08) August 17, 2019