SoftBank Group reported a net profit in the quarter through June, reversing from a record loss in the previous quarter. The profit was due mainly to one-time gains related to the sale of its former unit Sprint. One notable part of the results was that SoftBank’s Vision Fund, the Japanese company’s global tech investment fund, generated a profit after recording a $10 billion loss in the previous...
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The Relationship Model Is Killing Venture Capital
The social and racial homogeneity of the venture capital industry has long been a source of frustration for entrepreneurs and investors alike. In recent years, this frustration has boiled over into a full-fledged movement, with a growing chorus of voices arguing that venture capitalists are destroying value by overlooking founders from swaths of the population including women, people of color...
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