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‘It’s convenient to look the other way’: Here’s why startups are starting to ask tough questions about where VC money comes from





FILE PHOTO: A man looks at the logo of SoftBank Group Corp at the company's headquarters in Tokyo, June 30, 2016.   REUTERS/Toru Hanai/File Photo

  • 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 >>>

Source:: BusinessInsider.Com

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