Jeff Housenbold, Managing Partner at SoftBank Vision Fund, explains SoftBank's approach to reserving fund capital for follow-on investments in top-performing portfolio companies.
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“In my portfolio alone, We've already done follow-ons or multiple follow-ons into companies like DoorDash, Compass, Katerra, Opendoor, as some examples”
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AssertionNot checkable as stated
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PredictionNot checkable as stated
Housenbold: SoftBank portfolio companies will outperform competitors in market downturns
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AssertionNot checkable as stated
Masayoshi Son meets every founder before SoftBank makes an investment
“Masa meets with every single entrepreneur and management team before we make an investment.”
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AssertionContradicted
Housenbold: Entry price is the highest determinant of investment returns
“If you look at all the historical data, both pragmatic data as well as academic data, the highest R-square determinant for investment returns is your entry price.”
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Disclosure
SoftBank provides secondary liquidity in over half of its deals
“In more than half of our investments, we have provided a secondary component for seed and early-stage investors to have liquidity”
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Disclosure
Housenbold writes SoftBank checks ranging from $200 million to $2 billion
“And I've written checks between two hundred million and now close to two billion dollars.”
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