The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Friedberg: Zymergen raised $400M from SoftBank before disclosing zero revenue post-IPO
“Raised a four hundred million dollar round from SoftBank, took the company public. Then they go public, and a few weeks later, they're like, oh, wait, sorry, we don't actually have any product or any revenue.”
Chamath: Over half of Vision Fund's Middle East capital is preferred equity
“More than half their investment is in preferred equity, which is effectively debt that pays a coupon.”
Masayoshi Son: SoftBank lost six trillion yen over two consecutive quarters
“So previous quarter, and this time quarter, consecutively, we made three trillion yen level of the loss. So in total, six trillion yen was made in the past six months.”
Friedberg: Zymergen sold for $300M after raising $1.5B
“Zymergen being acquired for three hundred million dollars comes off of them having raised a total of one and a half billion dollars of capital from many investors, including SoftBank and in their IPO, since they were founded in 2013.”
Calacanis: SoftBank selling Uber stake to cover Didi losses
“SoftBank is clearing a bunch of its Uber position to cover their losses in DD.”
Travis Kalanick says Saudi Arabia invested $3.5B before the Vision Fund existed
“We did stuff with the Saudis, Before even Vision Fund existed, they stroked a three and a half billion dollar check when that was like the biggest thing that ever happened.”
Friedberg: SoftBank invested $16.9 billion total into WeWork in equity and debt
“SoftBank put in a total of 16.9 billion dollars in equity and debt.”
David Friedberg notes the SoftBank Vision Fund took a $32B write-down
“And in the fiscal year ending March, the Vision Fund alone took a thirty two billion dollar write down”