WeWork was a high-profile failure for Softbank’s Vision Fund, but other investments have struggled too
SoftBank Group Corp.’s longtime strategy of pouring mountains of cash on promising young companies to create big winners failed dramatically at WeWork, and is showing cracks at a number of its other investments.
SoftBank’s nearly $100 billion Vision Fund gave companies like dog-walking app Wag and indoor farm Plenty more cash than they wanted, but the investments failed to ignite growth. After a sizable bet on online car-lessor Fair, that company is struggling to stay afloat. Wag is for sale, people with knowledge of the...
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