SoftBank Vision Fund yearly loss widens to $32B on startups valuation cut

May 11, 2023

SoftBank Vision Funds’ investments over the past two years. (Image credits: SoftBank Group)

In the meantime, it is attempting to paint a picture of stability across its existing portfolio, estimating that 94% of the companies across all funds currently have a cash runway of more than 12 months.

SoftBank Vision Fund and Tiger Global escalated the pace of their dealmaking in 2021 as many investors believed that the rally in public stock markets would continue for the foreseeable future. But a sharp decline in the markets — accentuated by the Fed increasing interest rates and the unfolding of geopolitical events such as Russia invading Ukraine — has left many tech companies exposed with drops in business and shadows over their earnings forecasts, devaluing the businesses themselves, and leaving many investors scrambling to find ways to cut losses.

More to follow.

SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese investment giant, the most prolific global investor in tech startups, continues to suffer from valuation corrections across its portfolio of private and public tech companies amid a weakening global economy.

The loss surged about 70% from the same period a year prior, when SoftBank had reported $19 billion in losses at the Vision Fund unit. The losses come even as SoftBank has grown very cautious about deploying new capital to startups in recent quarters.

Among the losses, the Japanese conglomerate said its Vision Fund 1 made an unrealized loss of $1.6 billion each in SenseTime Group and GoTo and nearly $800 million in DoorDash.

The fair value of SoftBank’s portfolio was marked down over the quarter by $2.3 billion to $138 billion.

“For private portfolio companies, the fair value decreased in a wide range of investments, mainly reflecting markdowns of weaker-performing companies and share price declines among market comparable companies,” SoftBank Group said in earnings report Thursday.

SoftBank chief finance officer Yoshimitsu Goto said earlier this year that the firm had entered “defence mode” and was preparing for three different scenarios. SoftBank anticipates that the market may either start to show recovery linearly this year, or by second half of this year, or in a worst-case scenario stumble through until early 2024.

The tumultuous times at SoftBank Vision Fund means a tough time for many of its portfolio startups, many of whom themselves are loss-making. SoftBank has served as a high-conviction growth investor for its portfolio startups, often leading or co-leading later, and often large, financing rounds.

It’s logical that SoftBank is now going to be considerably more selective and judicious about investing going forward. The firm closed 25 deals in the last 12 months, totaling some $400 million in investments — but compare that to over 40 in its heyday in 2018 with total invested reaching well into the billions, sometimes even for single startups like WeWork and Grab.

SoftBank Vision Funds’ investments over the past two years. (Image credits: SoftBank Group)

More to follow.

SoftBank Vision Fund yearly loss widens to $32B on startups valuation cut by Manish Singh originally published on TechCrunch

https://techcrunch.com/2023/05/11/softbank-vision-fund-loses-32-billion-in-a-year-on-startups-valuation-cut/

SoftBank Vision Fund yearly loss widens to $32B on startups valuation cut <body> <h1> Array ( [0] => aoftbank vision fund yearly loss widens to $32b on startups valuation cut [1] => zoftbank vision fund yearly loss widens to $32b on startups valuation cut [2] => xoftbank vision fund yearly loss widens to $32b on startups valuation cut [3] => doftbank vision fund yearly loss widens to $32b on startups valuation cut [4] => eoftbank vision fund yearly loss widens to $32b on startups valuation cut [5] => woftbank vision fund yearly loss widens to $32b on startups valuation cut [6] => siftbank vision fund yearly loss widens to $32b on startups valuation cut [7] => skftbank vision fund yearly loss widens to $32b on startups valuation cut [8] => slftbank vision fund yearly loss widens to $32b on startups valuation cut [9] => spftbank vision fund yearly loss widens to $32b on startups valuation cut [10] => s0ftbank vision fund yearly loss widens to $32b on startups valuation cut [11] => s9ftbank vision fund yearly loss widens to $32b on startups valuation cut [12] => sodtbank vision fund yearly loss widens to $32b on startups valuation cut [13] => soctbank vision fund yearly loss widens to $32b on startups valuation cut [14] => sovtbank vision fund yearly loss widens to $32b on startups valuation cut [15] => sogtbank vision fund yearly loss widens to $32b on startups valuation cut [16] => sottbank vision fund yearly loss widens to $32b on startups valuation cut [17] => sortbank vision fund yearly loss widens to $32b on startups valuation cut [18] => sofrbank vision fund yearly loss widens to $32b on startups valuation cut [19] => soffbank vision fund yearly loss widens to $32b on startups valuation cut [20] => sofgbank vision fund yearly loss widens to $32b on startups valuation cut [21] => sofybank vision fund yearly loss widens to $32b on startups valuation cut [22] => sof6bank vision fund yearly loss widens to $32b on startups valuation cut [23] => sof5bank vision fund yearly loss widens to $32b on startups valuation cut [24] => softvank vision fund yearly loss widens to $32b on startups valuation cut [25] => softnank vision fund yearly loss widens to $32b on startups valuation cut [26] => softhank vision fund yearly loss widens to $32b on startups valuation cut [27] => softgank vision fund yearly loss widens to $32b on startups valuation cut [28] => softbznk vision fund yearly loss widens to $32b on startups valuation cut [29] => softbsnk vision fund yearly loss widens to $32b on startups valuation cut [30] => softbwnk vision fund yearly loss widens to $32b on startups valuation cut [31] => softbqnk vision fund yearly loss widens to $32b on startups valuation cut [32] => softbabk vision fund yearly loss widens to $32b on startups valuation cut [33] => softbamk vision fund yearly loss widens to $32b on startups valuation cut [34] => softbajk vision fund yearly loss widens to $32b on startups valuation cut [35] => softbahk vision fund yearly loss widens to $32b on startups valuation cut [36] => softbanj vision fund yearly loss widens to $32b on startups valuation cut [37] => softbanm vision fund yearly loss widens to $32b on startups valuation cut [38] => softbanl vision fund yearly loss widens to $32b on startups valuation cut [39] => softbano vision fund yearly loss widens to $32b on startups valuation cut [40] => softbani vision fund yearly loss widens to $32b on startups valuation cut [41] => softbank cision fund yearly loss widens to $32b on startups valuation cut [42] => softbank bision fund yearly loss widens to $32b on startups valuation cut [43] => softbank gision fund yearly loss widens to $32b on startups valuation cut [44] => softbank fision fund yearly loss widens to $32b on startups valuation cut [45] => softbank vusion fund yearly loss widens to $32b on startups valuation cut [46] => softbank vjsion fund yearly loss widens to $32b on startups valuation cut [47] => softbank vksion fund yearly loss widens to $32b on startups valuation cut [48] => softbank vosion fund yearly loss widens to $32b on startups valuation cut [49] => softbank v9sion fund yearly loss widens to $32b on startups valuation cut [50] => softbank v8sion fund yearly loss widens to $32b on startups valuation cut [51] => softbank viaion fund yearly loss widens to $32b on startups valuation cut [52] => softbank vizion fund yearly loss widens to $32b on startups valuation cut [53] => softbank vixion fund yearly loss widens to $32b on startups valuation cut [54] => softbank vidion fund yearly loss widens to $32b on startups valuation cut [55] => softbank vieion fund yearly loss widens to $32b on startups valuation cut [56] => softbank viwion fund yearly loss widens to $32b on startups valuation cut [57] => softbank visuon fund yearly loss widens to $32b on startups valuation cut [58] => softbank visjon fund yearly loss widens to $32b on startups valuation cut [59] => softbank viskon fund yearly loss widens to $32b on startups valuation cut [60] => softbank visoon fund yearly loss widens to $32b on startups valuation cut [61] => softbank vis9on fund yearly loss widens to $32b on startups valuation cut [62] => softbank vis8on fund yearly loss widens to $32b on startups valuation cut [63] => softbank visiin fund yearly loss widens to $32b on startups valuation cut [64] => softbank visikn fund yearly loss widens to $32b on startups valuation cut [65] => softbank visiln fund yearly loss widens to $32b on startups valuation cut [66] => softbank visipn fund yearly loss widens to $32b on startups valuation cut [67] => softbank visi0n fund yearly loss widens to $32b on startups valuation cut [68] => softbank visi9n fund yearly loss widens to $32b on startups valuation cut [69] => softbank visiob fund yearly loss widens to $32b on startups valuation cut [70] => softbank visiom fund yearly loss widens to $32b on startups valuation cut [71] => softbank visioj fund yearly loss widens to $32b on startups valuation cut [72] => softbank visioh fund yearly loss widens to $32b on startups valuation cut [73] => softbank vision dund yearly loss widens to $32b on startups valuation cut [74] => softbank vision cund yearly loss widens to $32b on startups valuation cut [75] => softbank vision vund yearly loss widens to $32b on startups valuation cut [76] => softbank vision gund yearly loss widens to $32b on startups valuation cut [77] => softbank vision tund yearly loss widens to $32b on startups valuation cut [78] => softbank vision rund yearly loss widens to $32b on startups valuation cut [79] => softbank vision fynd yearly loss widens to $32b on startups valuation cut [80] => softbank vision fhnd yearly loss widens to $32b on startups valuation cut [81] => softbank vision fjnd yearly loss widens to $32b on startups valuation cut [82] => softbank vision find yearly loss widens to $32b on startups valuation cut [83] => softbank vision f8nd yearly loss widens to $32b on startups valuation cut [84] => softbank vision f7nd yearly loss widens to $32b on startups valuation cut [85] => softbank vision fubd yearly loss widens to $32b on startups valuation cut [86] => softbank vision fumd yearly loss widens to $32b on startups valuation cut [87] => softbank vision fujd yearly loss widens to $32b on startups valuation cut [88] => softbank vision fuhd yearly loss widens to $32b on startups valuation cut [89] => softbank vision funs yearly loss widens to $32b on startups valuation cut [90] => softbank vision funx yearly loss widens to $32b on startups valuation cut [91] => softbank vision func yearly loss widens to $32b on startups valuation cut [92] => softbank vision funf yearly loss widens to $32b on startups valuation cut [93] => softbank vision funr yearly loss widens to $32b on startups valuation cut [94] => softbank vision fune yearly loss widens to $32b on startups valuation cut [95] => softbank vision fund tearly loss widens to $32b on startups valuation cut [96] => softbank vision fund gearly loss widens to $32b on startups valuation cut [97] => softbank vision fund hearly loss widens to $32b on startups valuation cut [98] => softbank vision fund uearly loss widens to $32b on startups valuation cut [99] => softbank vision fund 7early loss widens to $32b on startups valuation cut [100] => softbank vision fund 6early loss widens to $32b on startups valuation cut [101] => softbank vision fund ywarly loss widens to $32b on startups valuation cut [102] => softbank vision fund ysarly loss widens to $32b on startups valuation cut [103] => softbank vision fund ydarly loss widens to $32b on startups valuation cut [104] => softbank vision fund yrarly loss widens to $32b on startups valuation cut [105] => softbank vision fund y4arly loss widens to $32b on startups valuation cut [106] => softbank vision fund y3arly loss widens to $32b on startups valuation cut [107] => softbank vision fund yezrly loss widens to $32b on startups valuation cut [108] => softbank vision fund yesrly loss widens to $32b on startups valuation cut [109] => softbank vision fund yewrly loss widens to $32b on startups valuation cut [110] => softbank vision fund yeqrly loss widens to $32b on startups valuation cut [111] => softbank vision fund yeaely loss widens to $32b on startups valuation cut [112] => softbank vision fund yeadly loss widens to $32b on startups valuation cut [113] => softbank vision fund yeafly loss widens to $32b on startups valuation cut [114] => softbank vision fund yeatly loss widens to $32b on startups valuation cut [115] => softbank vision fund yea5ly loss widens to $32b on startups valuation cut [116] => softbank vision fund yea4ly loss widens to $32b on startups valuation cut [117] => softbank vision fund yearky loss widens to $32b on startups valuation cut [118] => softbank vision fund yearpy loss widens to $32b on startups valuation cut [119] => softbank vision fund yearoy loss widens to $32b on startups valuation cut [120] => softbank vision fund yearlt loss widens to $32b on startups valuation cut [121] => softbank vision fund yearlg loss widens to $32b on startups valuation cut [122] => softbank vision fund yearlh loss widens to $32b on startups valuation cut [123] => softbank vision fund yearlu loss widens to $32b on startups valuation cut [124] => softbank vision fund yearl7 loss widens to $32b on startups valuation cut [125] => softbank vision fund yearl6 loss widens to $32b on startups valuation cut [126] => softbank vision fund yearly koss widens to $32b on startups valuation cut [127] => softbank vision fund yearly poss widens to $32b on startups valuation cut [128] => softbank vision fund yearly ooss widens to $32b on startups valuation cut [129] => softbank vision fund yearly liss widens to $32b on startups valuation cut [130] => softbank vision fund yearly lkss widens to $32b on startups valuation cut [131] => softbank vision fund yearly llss widens to $32b on startups valuation cut [132] => softbank vision fund yearly lpss widens to $32b on startups valuation cut [133] => softbank vision fund yearly l0ss widens to $32b on startups valuation cut [134] => softbank vision fund yearly l9ss widens to $32b on startups valuation cut [135] => softbank vision fund yearly loas widens to $32b on startups valuation cut [136] => softbank vision fund yearly lozs widens to $32b on startups valuation cut [137] => softbank vision fund yearly loxs widens to $32b on startups valuation cut [138] => softbank vision fund yearly lods widens to $32b on startups valuation cut [139] => softbank vision fund yearly loes widens to $32b on startups valuation cut [140] => softbank vision fund yearly lows widens to $32b on startups valuation cut [141] => softbank vision fund yearly losa widens to $32b on startups valuation cut [142] => softbank vision fund yearly losz widens to $32b on startups valuation cut [143] => softbank vision fund yearly losx widens to $32b on startups valuation cut [144] => softbank vision fund yearly losd widens to $32b on startups valuation cut [145] => softbank vision fund yearly lose widens to $32b on startups valuation cut [146] => softbank vision fund yearly losw widens to $32b on startups valuation cut [147] => softbank vision fund yearly loss qidens to $32b on startups valuation cut [148] => softbank vision fund yearly loss aidens to $32b on startups valuation cut [149] => softbank vision fund yearly loss sidens to $32b on startups valuation cut [150] => softbank vision fund yearly loss eidens to $32b on startups valuation cut [151] => softbank vision fund yearly loss 3idens to $32b on startups valuation cut [152] => softbank vision fund yearly loss 2idens to $32b on startups valuation cut [153] => softbank vision fund yearly loss wudens to $32b on startups valuation cut [154] => softbank vision fund yearly loss wjdens to $32b on startups valuation cut [155] => softbank vision fund yearly loss wkdens to $32b on startups valuation cut [156] => softbank vision fund yearly loss wodens to $32b on startups valuation cut [157] => softbank vision fund yearly loss w9dens to $32b on startups valuation cut [158] => softbank vision fund yearly loss w8dens to $32b on startups valuation cut [159] => softbank vision fund yearly loss wisens to $32b on startups valuation cut [160] => softbank vision fund yearly loss wixens to $32b on startups valuation cut [161] => softbank vision fund yearly loss wicens to $32b on startups valuation cut [162] => softbank vision fund yearly loss wifens to $32b on startups valuation cut [163] => softbank vision fund yearly loss wirens to $32b on startups valuation cut [164] => softbank vision fund yearly loss wieens to $32b on startups valuation cut [165] => softbank vision fund yearly loss widwns to $32b on startups valuation cut [166] => softbank vision fund yearly loss widsns to $32b on startups valuation cut [167] => softbank vision fund yearly loss widdns to $32b on startups valuation cut [168] => softbank vision fund yearly loss widrns to $32b on startups valuation cut [169] => softbank vision fund yearly loss wid4ns to $32b on startups valuation cut [170] => softbank vision fund yearly loss wid3ns to $32b on startups valuation cut [171] => softbank vision fund yearly loss widebs to $32b on startups valuation cut [172] => softbank vision fund yearly loss widems to $32b on startups valuation cut [173] => softbank vision fund yearly loss widejs to $32b on startups valuation cut [174] => softbank vision fund yearly loss widehs to $32b on startups valuation cut [175] => softbank vision fund yearly loss widena to $32b on startups valuation cut [176] => softbank vision fund yearly loss widenz to $32b on startups valuation cut [177] => softbank vision fund yearly loss widenx to $32b on startups valuation cut [178] => softbank vision fund yearly loss widend to $32b on startups valuation cut [179] => softbank vision fund yearly loss widene to $32b on startups valuation cut [180] => softbank vision fund yearly loss widenw to $32b on startups valuation cut [181] => softbank vision fund yearly loss widens ro $32b on startups valuation cut [182] => softbank vision fund yearly loss widens fo $32b on startups valuation cut [183] => softbank vision fund yearly loss widens go $32b on startups valuation cut [184] => softbank vision fund yearly loss widens yo $32b on startups valuation cut [185] => softbank vision fund yearly loss widens 6o $32b on startups valuation cut [186] => softbank vision fund yearly loss widens 5o $32b on startups valuation cut [187] => softbank vision fund yearly loss widens ti $32b on startups valuation cut [188] => softbank vision fund yearly loss widens tk $32b on startups valuation cut [189] => softbank vision fund yearly loss widens tl $32b on startups valuation cut [190] => softbank vision fund yearly loss widens tp $32b on startups valuation cut [191] => softbank vision fund yearly loss widens t0 $32b on startups valuation cut [192] => softbank vision fund yearly loss widens t9 $32b on startups valuation cut [193] => softbank vision fund yearly loss widens to $22b on startups valuation cut [194] => softbank vision fund yearly loss widens to $w2b on startups valuation cut [195] => softbank vision fund yearly loss widens to $e2b on startups valuation cut [196] => softbank vision fund yearly loss widens to $42b on startups valuation cut [197] => softbank vision fund yearly loss widens to $31b on startups valuation cut [198] => softbank vision fund yearly loss widens to $3qb on startups valuation cut [199] => softbank vision fund yearly loss widens to $3wb on startups valuation cut [200] => softbank vision fund yearly loss widens to $33b on startups valuation cut [201] => softbank vision fund yearly loss widens to $32v on startups valuation cut [202] => softbank vision fund yearly loss widens to $32n on startups valuation cut [203] => softbank vision fund yearly loss widens to $32h on startups valuation cut [204] => softbank vision fund yearly loss widens to $32g on startups valuation cut [205] => softbank vision fund yearly loss widens to $32b in startups valuation cut [206] => softbank vision fund yearly loss widens to $32b kn startups valuation cut [207] => softbank vision fund yearly loss widens to $32b ln startups valuation cut [208] => softbank vision fund yearly loss widens to $32b pn startups valuation cut [209] => softbank vision fund yearly loss widens to $32b 0n startups valuation cut [210] => softbank vision fund yearly loss widens to $32b 9n startups valuation cut [211] => softbank vision fund yearly loss widens to $32b ob startups valuation cut [212] => softbank vision fund yearly loss widens to $32b om startups valuation cut [213] => softbank vision fund yearly loss widens to $32b oj startups valuation cut [214] => softbank vision fund yearly loss widens to $32b oh startups valuation cut [215] => softbank vision fund yearly loss widens to $32b on atartups valuation cut [216] => softbank vision fund yearly loss widens to $32b on ztartups valuation cut [217] => softbank vision fund yearly loss widens to $32b on xtartups valuation cut [218] => softbank vision fund yearly loss widens to $32b on dtartups valuation cut [219] => softbank vision fund yearly loss widens to $32b on etartups valuation cut [220] => softbank vision fund yearly loss widens to $32b on wtartups valuation cut [221] => softbank vision fund yearly loss widens to $32b on srartups valuation cut [222] => softbank vision fund yearly loss widens to $32b on sfartups valuation cut [223] => softbank vision fund yearly loss widens to $32b on sgartups valuation cut [224] => softbank vision fund yearly loss widens to $32b on syartups valuation cut [225] => softbank vision fund yearly loss widens to $32b on s6artups valuation cut [226] => softbank vision fund yearly loss widens to $32b on s5artups valuation cut [227] => softbank vision fund yearly loss widens to $32b on stzrtups valuation cut [228] => softbank vision fund yearly loss widens to $32b on stsrtups valuation cut [229] => softbank vision fund yearly loss widens to $32b on stwrtups valuation cut [230] => softbank vision fund yearly loss widens to $32b on stqrtups valuation cut [231] => softbank vision fund yearly loss widens to $32b on staetups valuation cut [232] => softbank vision fund yearly loss widens to $32b on stadtups valuation cut [233] => softbank vision fund yearly loss widens to $32b on staftups valuation cut [234] => softbank vision fund yearly loss widens to $32b on stattups valuation cut [235] => softbank vision fund yearly loss widens to $32b on sta5tups valuation cut [236] => softbank vision fund yearly loss widens to $32b on sta4tups valuation cut [237] => softbank vision fund yearly loss widens to $32b on starrups valuation cut [238] => softbank vision fund yearly loss widens to $32b on starfups valuation cut [239] => softbank vision fund yearly loss widens to $32b on stargups valuation cut [240] => softbank vision fund yearly loss widens to $32b on staryups valuation cut [241] => softbank vision fund yearly loss widens to $32b on star6ups valuation cut [242] => softbank vision fund yearly loss widens to $32b on star5ups valuation cut [243] => softbank vision fund yearly loss widens to $32b on startyps valuation cut [244] => softbank vision fund yearly loss widens to $32b on starthps valuation cut [245] => softbank vision fund yearly loss widens to $32b on startjps valuation cut [246] => softbank vision fund yearly loss widens to $32b on startips valuation cut [247] => softbank vision fund yearly loss widens to $32b on start8ps valuation cut [248] => softbank vision fund yearly loss widens to $32b on start7ps valuation cut [249] => softbank vision fund yearly loss widens to $32b on startuos valuation cut [250] => softbank vision fund yearly loss widens to $32b on startuls valuation cut [251] => softbank vision fund yearly loss widens to $32b on startu-s valuation cut [252] => softbank vision fund yearly loss widens to $32b on startu0s valuation cut [253] => softbank vision fund yearly loss widens to $32b on startupa valuation cut [254] => softbank vision fund yearly loss widens to $32b on startupz valuation cut [255] => softbank vision fund yearly loss widens to $32b on startupx valuation cut [256] => softbank vision fund yearly loss widens to $32b on startupd valuation cut [257] => softbank vision fund yearly loss widens to $32b on startupe valuation cut [258] => softbank vision fund yearly loss widens to $32b on startupw valuation cut [259] => softbank vision fund yearly loss widens to $32b on startups caluation cut [260] => softbank vision fund yearly loss widens to $32b on startups baluation cut [261] => softbank vision fund yearly loss widens to $32b on startups galuation cut [262] => softbank vision fund yearly loss widens to $32b on startups faluation cut [263] => softbank vision fund yearly loss widens to $32b on startups vzluation cut [264] => softbank vision fund yearly loss widens to $32b on startups vsluation cut [265] => softbank vision fund yearly loss widens to $32b on startups vwluation cut [266] => softbank vision fund yearly loss widens to $32b on startups vqluation cut [267] => softbank vision fund yearly loss widens to $32b on startups vakuation cut [268] => softbank vision fund yearly loss widens to $32b on startups vapuation cut [269] => softbank vision fund yearly loss widens to $32b on startups vaouation cut [270] => softbank vision fund yearly loss widens to $32b on startups valyation cut [271] => softbank vision fund yearly loss widens to $32b on startups valhation cut [272] => softbank vision fund yearly loss widens to $32b on startups valjation cut [273] => softbank vision fund yearly loss widens to $32b on startups valiation cut [274] => softbank vision fund yearly loss widens to $32b on startups val8ation cut [275] => softbank vision fund yearly loss widens to $32b on startups val7ation cut [276] => softbank vision fund yearly loss widens to $32b on startups valuztion cut [277] => softbank vision fund yearly loss widens to $32b on startups valustion cut [278] => softbank vision fund yearly loss widens to $32b on startups valuwtion cut [279] => softbank vision fund yearly loss widens to $32b on startups valuqtion cut [280] => softbank vision fund yearly loss widens to $32b on startups valuarion cut [281] => softbank vision fund yearly loss widens to $32b on startups valuafion cut [282] => softbank vision fund yearly loss widens to $32b on startups valuagion cut [283] => softbank vision fund yearly loss widens to $32b on startups valuayion cut [284] => softbank vision fund yearly loss widens to $32b on startups valua6ion cut [285] => softbank vision fund yearly loss widens to $32b on startups valua5ion cut [286] => softbank vision fund yearly loss widens to $32b on startups valuatuon cut [287] => softbank vision fund yearly loss widens to $32b on startups valuatjon cut [288] => softbank vision fund yearly loss widens to $32b on startups valuatkon cut [289] => softbank vision fund yearly loss widens to $32b on startups valuatoon cut [290] => softbank vision fund yearly loss widens to $32b on startups valuat9on cut [291] => softbank vision fund yearly loss widens to $32b on startups valuat8on cut [292] => softbank vision fund yearly loss widens to $32b on startups valuatiin cut [293] => softbank vision fund yearly loss widens to $32b on startups valuatikn cut [294] => softbank vision fund yearly loss widens to $32b on startups valuatiln cut [295] => softbank vision fund yearly loss widens to $32b on startups valuatipn cut [296] => softbank vision fund yearly loss widens to $32b on startups valuati0n cut [297] => softbank vision fund yearly loss widens to $32b on startups valuati9n cut [298] => softbank vision fund yearly loss widens to $32b on startups valuatiob cut [299] => softbank vision fund yearly loss widens to $32b on startups valuatiom cut [300] => softbank vision fund yearly loss widens to $32b on startups valuatioj cut [301] => softbank vision fund yearly loss widens to $32b on startups valuatioh cut [302] => softbank vision fund yearly loss widens to $32b on startups valuation xut [303] => softbank vision fund yearly loss widens to $32b on startups valuation vut [304] => softbank vision fund yearly loss widens to $32b on startups valuation fut [305] => softbank vision fund yearly loss widens to $32b on startups valuation dut [306] => softbank vision fund yearly loss widens to $32b on startups valuation cyt [307] => softbank vision fund yearly loss widens to $32b on startups valuation cht [308] => softbank vision fund yearly loss widens to $32b on startups valuation cjt [309] => softbank vision fund yearly loss widens to $32b on startups valuation cit [310] => softbank vision fund yearly loss widens to $32b on startups valuation c8t [311] => softbank vision fund yearly loss widens to $32b on startups valuation c7t [312] => softbank vision fund yearly loss widens to $32b on startups valuation cur [313] => softbank vision fund yearly loss widens to $32b on startups valuation cuf [314] => softbank vision fund yearly loss widens to $32b on startups valuation cug [315] => softbank vision fund yearly loss widens to $32b on startups valuation cuy [316] => softbank vision fund yearly loss widens to $32b on startups valuation cu6 [317] => softbank vision fund yearly loss widens to $32b on startups valuation cu5 ) </h1> </body>