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Venture Capital

SoftBank Founder Skips Conference, but Meets Saudi Prince

SoftBank founder Masayoshi Son is the latest executive to skip out of the big Saudi Arabian investment forum known as “Davos in the Desert.” But Mr. Son still met with the controversial Saudi Crown Prince Mohammed bin Salman, according to The Wall Street Journal.

Mr. Son is in a tight spot since the death of the Saudi journalist Jamal Kashoggi in the Saudi consulate in Istanbul, which caused an international outcry. But the Saudis contributed $45 billion to Mr. Son’s Vision Fund, a $100 billion tech investment fund with stakes in everything from Uber to Nvidia. 

Mr. Son has a fine line to walk. He can ill afford to lose the Saudis’ money, but at the same time has to manage potential backlash. 

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