‘It’s convenient to look the other way’: Here’s why startups are starting to ask tough questions about where VC money comes from
|10/27/2018||Posted by BusinessMediaguide.Com under General World News||
- Scrutiny surrounding the Vision Fund’s ties to Saudi Arabia is sparking a new conversation within Silicon Valley: Many investors argue that venture funds should be more transparent about where they get their money from.
- Some investors also say that entrepreneurs should start asking the funds that invest in them about the identity of their limited partners.
Since journalist Jamal Khashoggi was killed inside a Saudi Arabian consulate in early October, there’s been increased scrutiny surrounding SoftBank’s $92 billion Vision Fund which counts Saudi Arabia’s crown prince, Mohammed bin Salman, as its single largest contributor.
This has sparked a debate among tech investors about read more >>>