SoftBank Vision Fund

SoftBank Vision Fund is the most polarizing venture capital vehicle ever created, having rewritten the rules of investing with its $100 billion war chest. By writing billion-dollar checks into WeWork, Uber, and DoorDash, it generated both spectacular wins—such as a 10x return on Arm—and catastrophic losses, including a $14.6 billion writedown on WeWork. Outperforming #2 Sequoia Capital in sheer scale, the fund’s aggressive strategy inflated valuations across the ecosystem, yet its failure rate of nearly 40% among major bets makes it far riskier than the average top-tier VC.