The WeWork fiasco has the 'Warren Buffett of Japan' on the ropes
from 19 banks. This enabled him to gamble his vast wealth without diluting his corporate control. Yet it also amplifies his personal risk if SoftBank shares plunge.
Prudence counsels slowing down. Before deploying another $100 billion of firepower, Son should circle back to the first. Son hasn’t just reinvented Silicon Valley’s VC game–he’s also morphed into a one-man bubble-blower. He’s developed quite the reputation for arguably overpaying for some startups from online lender SoFi to robot-pizza-maker Zume to food-deliverer DoorDash. And for tolerating questionable corporate governance structures.
,” that moment when artificial intelligence surpasses humans. Perhaps Son’s claim that he has a 300-year vision affords him with a benefit of the doubt most investors don’t enjoy. Yet if Son doesn’t tread carefully these next 300 days, his Vision Fund 2 is in for a sudden dose of gravity. There also are valid worries about where Son might aim his next $100 billion. The best minds in Silicon Valley are more focused on helping platforms sell ads than dreaming up new game-changing advancements. The pipeline of future “unicorns” and easy targets may not be what Son encountered in 2016. Nor is it clear Chinese innovators can fill the void anytime soon. Or, for that matter, Son’s native Japan, which has produced half as many tech unicorns as Indonesia.
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