After failure of wework & Uber IPO softbank second vision fund will not be $108 Billion
According to a report by The Sunday Telegraph, Softbank is likely to fall short“significantly” to its target of raising $108 Bn for the second Vision Fund. The report adds that the Softbank Vision Fund II could be 30% smaller than the first fund, which had closed at $100 Bn. Softbank has made 88 investments from the first fund and will not be making any more new investments from that fund, saving the remaining corpus for follow-on rounds.
The report says that investors in the fund were concerned about Softbank’s investment strategy, especially after the Japanese conglomerate lost more than $4.7 Bn in the WeWork fiasco that resulted in the company’s valuation falling to $8 Bn, with SoftBank having invested close to $14 Bn in the company
Originally, Softbank announced that it was expecting to raise $108 Bn based on the memorandum of understanding (MoUs) it has signed with investors. Softbank wanted to use this fund to invest in 100 companies across the globe.
The investors included Ireland-based mixed martial art academy SBG, which committed to invest $28 Bn, Apple, Goldman Sachs and Kazakhstan sovereign fund that planned to invest $40 Bn. The list of investors also included Foxconn Technology, Microsoft, Mizuho Bank, Sumitomo Mitsui Banking Trust Bank, MUFG Bank and more.
Just like the investors of Softbank, even founder Son has been rethinking the investment firm’s strategy. Son, in a news conference, said, “My own investment judgment was really bad. I regret it in many ways.” The statement was in reference to WeWork, which had ended up dropping its valuation from $47 Bn in January this year to $8 Bn in October.
We shouldn't spend our life feeling trapped. We're trying to achieve financial freedom! But of course we can only do so based on our decisions. So maybe if you want that drunk elephant skincare product or that fitness class membership, don't think that you can't afford it! You always can if you rearrange your budget/priorities or increase your income somehow. Financial freedom means having the ability to make these decisions. Take 5 minutes this Monday to see if there's something you can cut down on (Starbucks, going out, etc) to free up some $ for the things that make you truly happy!✨ Check out the full post @funfrugalfree - thank you!!!
We select the best locations for new developments and construct luxury apartments, penthouses and townhouses that are outstanding. Property investments designed, specified and appointed in a manner that continues to entice people from all over the globe to make our houses their home.
Why spend on something that offers you no monetary value in the future or doesn’t move you closer to building the wealth that you desire?
Instead of dishing your hard earned cash on new tv’s, iPhones, or name brand shoes - consider spending on something that offers you far more value
Investing in stocks is a great way to start
The answer is simple
Contrary to materialistic things, stocks (index funds) are quite literally the gift that keeps giving
On average, these accounts perform 8-10% on an annual basis… offering you a far higher return than any nice pair of shoes or electronics will return to you
While investing in yourself may not be the “in” thing to do, your future self will most certainly be thankful you did it ✨
For more tips on investing, saving, and getting started. Message me for info on my webinar launching this week!
. #Bebrave 💪🏾
13 2473 hours ago
Do you dream of creating a successful business bringing in loads of money while you do what you love and live a rich juicy life at the same time?
I ask this often, when I am speaking to budding Wealth Chefs around the world. Hands fly up, smiles spread across faces, and minds start to buzz with images of all the things they will do, have, and experience as a result of what this business will create. !!!! NEWSFLASH !!!! YOU ARE ALREADY THE CEO OF THE GREATEST BUSINESS AROUND.
THE BUSINESS CALLED YOUR LIFE!!! When you step back and look at what you are creating in this business, what do you see? Are you thrilled with the results?
In any business, money, and how it flows through the business is one of the most important indicators of success. Money is the fuel, the ingredient needed to create, deliver, and expand.
If a business isn’t making a profit each and every month it isn’t going to last long.
If a business’s isn’t growing in value it is dying and soon will cease to exist or at best stagger along in survival mode.
I’m guessing your goal isn’t to just survive but to thrive and to do that you need the business called your life to be making a profit and growing.
When it comes to the money side of your life, you’ve got two vital tools which instantly tell you whether you’re on the path to wealth heaven or money hell. These are your income statement and your balance sheet.
Your balance sheet tells you exactly what your money actions are creating in your life. It tells you your net worth and whether it is growing or contracting – which is ultimately the most important piece of information you need to know.
Before we go any further – let’s be clear…
Your Net Worth is Not Your Self Worth!
Paradoxically your Net Worth is closely linked to your Self Worth.
If you’re keen to read more on this topic then tale a look at my blog - If you’re not growing youre dying.
Serial investor Sanjay Mehta-led venture capital firm 100X.VC finally revealed the first 20 seed-stage startups it has invested in at its VC Pitch Day event in Mumbai on December 7. As part of its approach to back startups which have a strong competitive edge and a solid founding team, 100X.VC plans to invest in over 100 seed-stage startups by 2020.
The firm, which was launched in July 2019, has received 1,982 applications so far. Out of this, consumer goods and services made up for 31% of the application, followed by B2B software and services startups with 22% and healthcare startups with 7%. The firm has also received applications from agritech, automotive, blockchain, edtech, governance and fintech, among many others.
100X.VC’s Sanjay Mehta has invested in over 130 startups across various verticals in his individual capacity. Besides Mehta, the newly launched fund also has got prominent names onits board, which includes Yagnesh Sanghrajka as CFO, Shashank Randev as founder VC, Ninad Karpe as Partner and Vatsal Kanakiya as CTO.
To make the investment process faster, 100X.VC relies on India Safe notes or iSAFE notes (India Simple Agreement for Future Equity). It is an alternative to a convertible note for investments, which takes time and thorough checking, Whereas, India Safe notes allows an investor to make cash investments in return for a convertible instrument that allows an investor to buy shares in a future priced round.
The new investment instrument has shortens the investment process by evaluating companies for the next round easily. It has eliminated the time consuming investment criteria like the requirement of the pre-money or post-money valuation and long agreements.
Student housing is a niche. Around the country many landlords cluster their buildings near universities. Here’s a good example of a 10 unit portfolio sold by a Family trust. 10 buildings totaling 190 units. Look at that whopping price tag of $46,000,000! 👀. Student housing is lucrative. When I hear & read on social media that getting college degrees isn’t worth it... I’m miffed. Many landlords near universities where students at those schools. They lived the roommate lifestyle. There’s a lot of lessons we learn in this life. University campuses are economic engines. Housing is very important to students & faculty. The investment market in Los Angeles is strong & their appears to be plenty of capital from investors to invest. Invest, invest, invest. If you don’t own a home yet, you have to stick to a budget & put your best efforts forward to buy. You have to be realistic too. You can’t act like you’re too good to be a home owner in some “lesser” neighborhood. Your financials will dictate were you can buy. You can’t have aspirations of living in Beverly Hills when your income level isn’t at a million bucks. I’m always amazed at how tenants will rent in an area , yet wouldn’t buy a house in the area. 😳😳😳 it’s hilarious. They’re only fooling themselves. You’re only as good as your skills, education & earning ability. Competition is at our heals. Save to invest in your own property. Don’t act like a area snob. That’s a very costly way to think. #uschousing#cashflow#multiresidential#incomeproperty#cashcow#asset#networth#californiaproperty#investmentRealestate
Balance sheets are not just for big businesses! Keeping track of your own balance sheet should be a yearly action at minimum to help monitor growth and optimise wealth creation!🔥⠀
My wealth spreadsheet which is included in the blueprint to wealth programme does all this work for you! Net worth tracking is a essential and tracking wealth growth allows you to optimise your own budget to reach your goals faster! Check out the link in my bio to view this spreadsheet! Limited time only I have added my Model Of Customer Conversion E-book 100% FREE!📈⠀
0 2510 hours ago
#linkedin is #gangster when it comes to #networking
Also check your social circle. The people around you matter. Yes, 💯%
Have you heard of that saying. You are what you eat? The same applies here.
You are a replica of the people around you. Meaning if you are surrounded by individuals on a high level, you most likely will get into the line and follow the same.
That is why the rich get richer, they keep surrounding themselves with individuals of high intelligence, net worth and skills.
The poor have poor friends, poor mindset, poor habits all because they haven't come across an individual within their circle with rich habits.
. #socialcircle is 🗝
YOUR NETWORK IS YOUR NETWORTH .
Making the list, checking it twice. Ok, December is a month of daily expense checking. In all my years budgeting, December can be a month that can certainly get away from you and hurt you financially.
Are you checking your expenses daily this month?
Our budget this month is separated between our regular budget and our Xmass budget....And YES, we are checking expenses every day to make sure we stay within our budget. Definitely don’t want to walk into 2020 with a bruise from 2019 🙌. Keep budgeting and fighting for financial freedom 💕
6 9511 hours ago
Saved $825 today by following this simple rule! Not only that, my puppy didnt have to undergo surgery!!!
I ranted on my personal page about it and a friend reached out and told me to go get a second option where her aunt works. We already had $850 set aside to remove and send a mass on her muzzle to pathology.
So we go in today and the doc tells us, without a doubt, it's a histiocytoma and it should go away within 6 weeks. We are thrilled! Like floored.
We got a little spendy so we took a bit to make up for the spending. Then took $40 for extra groceries this week, $100 for a trial date night with our 14 babysitting tonight and we are sending $500 to debt!
If the mass does not go away in 6 weeks then we may have to revisit surgery, but we will cross that bridge when we get there.
Moral of the story, if it is invasive or expensive, get a second opinion, or it could really cost you!
A lot of people read this and think hanging out with high net worth people will make them a millionaire/billionaire...like it’s a contagious flu. It’s more important to find smart, hardworking, creative minds that challenge you to find a solution when you face adversity, support you when you have a win, and believe in you when you have doubts. Those are the wealthiest friends you will ever have, and further those traits are contagious! .
1 3913 hours ago
💸 6 signs that indicate you’re good with money:
𝟙) You have a steady flow of income.
𝟚) You can pay your bills every month.
𝟛) You’re planning ahead.
𝟜) You know how much you spend.
𝟝) You’re saving money.
𝟞) You invest your money to make more money.
✨ Stay tuned for tips on making sound financial decisions.
⚡️𝑪𝒂𝒍𝒍 𝒕𝒐 𝒂𝒄𝒕𝒊𝒐𝒏: If you know anyone that could benefit from reading this post please share it, comment below & follow me for future tips!
1 4113 hours ago
If you are reading this, you already know. ⠀
You already know that you need to fix your money mindset.⠀
There is a part of your mind that gets stuck whenever you think about money. ⠀
👀About spending. ⠀
🙈About saving. ⠀
💆♀️About pricing. ⠀
You want to spend money, but you feel sick whenever you do.
You spend money, but then feel guilty for weeks.
You love spending money, but never have anything saved for emergencies, and you never have enough money to achieve your goals. ⠀
If you are going to fix your money mindset, realizing that you need to is the biggest, hardest step there is. ⠀
And you have already done it.⠀
In this week’s blog post, I’m giving you THREE simple practices that will help you fix, grow, change and transform the way you think about money. ⠀
Your future self (and your future bank account) will thank you for clicking the link in my bio. ⠀
Thank you for following us. We hope that our posts help you in your debt free journey.
As we prepare to launch, let's introduce ourselves.
Our name is LEGACYY NETWORTH. Legacy with an extra Y because You need to build YOUR legacy for yourself, your family and your heirs.
We are a Limited Liability Company (LLC) located in Philadelphia, PA that formed in 2019. The majority owner has been helping friends and families become debt free for over 5 years. She decided this year to start helping others and open her services to others.
Our main goal is to help individuals become debt free and have a positive Net Worth.
We are launching soon. Hopefully beginning of 2020. If you will like to be the first to know, click the link in our bio.
We truly appreciate you as we continue this journey and bring value to you every single day.
1 1415 hours ago
So close to getting rid of my CC debt!
By mid-way through January this should all be gone! What a way to start the new year 😇 There is no better feeling than seeing so much financial progress!
2 4515 hours ago
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A new car starts losing its value the moment you drive it off the lot. Unless you have a million dollar net worth, you don't need to invest that kind of money in an asset that depreciates. Until you've hit this financial milestone, an affordable and reliable used car is all you need. PS - ONLY pay CASH for cars, no matter how much money you have.
👉What is your favourite board game and why? 🎲♟
Drop your answer in the COMMENTS down below!👇👇
👋Tag a friend who needs some financial advice!
🙋♂️ Follow @sigurd.vedal
Monopoly has been a classic board game for over 100 years! It's a real estate trading game that nearly everyone plays for fun, and a chance to be a pretend real estate tycoon! 🏡😎
But if you've played Monopoly long enough, you soon realise that the game offers an abundance of financial wisdom and life lessons that can be applied to the real world of finance and investing! 💯🙌
👉Here are some lessons in LIFE, FINANCE, and INVESTING from MONOPOLY:
💵Always keep CASH on hand
🔁Focus on the CASH FLOW
🤷♂️The most EXPENSIVE asset ISN’T always the BEST
📍Location, LOCATION, location
🗣NEGOTIATING is a powerful skill
🏦PASSIVE INCOME is key