Startups Weekly: SoftBank portfolio results show which tech sectors are still thriving

Advertisement

BEGIN ARTICLE PREVIEW:

Editor’s note: Want this in your inbox every Saturday morning? Click here to subscribe to Startups Weekly and all the other great TechCrunch newsletters.
Remember when the top investors and companies in tech were reacting to SoftBank’s every move? These days, we are picking through the latest results from the Japanese conglomerate and its Vision Fund to see how things went wrong, and where it is still succeeding with its startup portfolio.
First up, this fund appears to be out of additional money to spend, as Arman Tabatabai and Danny Crichton found buried in the footnotes of its new regulatory filing. Meanwhile, as they tallied on TechCrunch, the losses have piled up lately:
The Vision Fund officially lost $17.4 billion in value according to SoftBank’s financials for the year ending this past March 31. The year before, SoftBank had registered a positive gain in the Vision Fund’s value of $12.8 billion, which means that the damage of this year’s performance has completely wiped out all gains the fund had made in the previous year. But the real shock is the performance of the fund’s underlying portfolio companies. The Vision Fund currently has 88 active portfolio companies that have …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE