*Rough* math is that the $60 billion in Vision Fund common is down roughly 12% or $8 billion given a 7% guaranteed return to the $40 billion in preferred *depending* on timing/mechanics of capital calls. The Nasdaq is up ~50% over the same time frame.https://www.wsj.com/articles/softbank-expects-nearly-17-billion-loss-on-tech-focused-vision-fund-11586781142 …
I'm very sympathetic to chamath's ponzi sv-vc accusation but some of these companies make money or will make money. And some he's already exited from (i.e. Cruise).
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