Housenbold in 2021: Central bank liquidity will continuously buoy asset prices
Jeff Hausenbold · Jeff Housenbold – Inside Softbank Vision Fund (Capital Allocators, EP.186) · Mar 29, 2021 · at 52:14
Former SoftBank Vision Fund Managing Director Jeff Hausenbold discusses macroeconomic tailwinds and global central bank policies supporting asset valuations in March 2021.
0:00 / 0:12exact quote · 12.9s
720p mp4 · rendered on demand · StarZero watermark
“You look at central banks around the world and they're all pledging to do roughly the same thing. That will continue to buoy assets and assets in the form of gold, in the form of Bitcoin, in real estate, and in equities.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jeff Hausenbold
Housenbold: SoftBank made roughly $12 billion in profit on DoorDash
“So for example, I put roughly six hundred million dollars into DoorDash and got a 17 or 18 X. My dear friend Pagemon at Pear put two million in and got like a 300 X. But the quantum of dollars, we made about twelve billion dollars in profit today on that inves…”
Housenbold in 2021: Disinflation and low rates will drive continued multiple expansion
“In fact, disflation is probably a bigger risk than inflation over the last few years. I don't think the feds worried about interest rates, and that will continue to allow multiples to expand. It'll allow equities to continue to rise and allow startups to have …”
Housenbold: Made eBay Google's first advertising customer in the world
“In that role, I also became Google's first customer in the world. Having ran AltaVista and competed with them, they were starting to monetize their search, and I became the first customer, and that really changed the trajectory for both Google and for eBay”
Housenbold: SoftBank passed on investing in Zoom at a $6 billion valuation
“I could tell you how I passed on Zoom at six billion dollars because I thought that was too expensive, or I passed on Procore.”
Housenbold: Entry valuation is the greatest determinant of PE and VC returns
“If you look at all of the academic research and it doesn't matter if it's a private equity or venture capital, the greatest determinant of your returns With the highest R square is your entry valuation. Some people call that vintage, but it is your entry valua…”