The founder of a $1 billion startup reveals why he took SoftBank’s cash after the murder of Jamal Khashoggi
|06/20/2019||Posted by BusinessMediaguide.Com under General World News||
- Tech startups in the US, Europe, and Asia continue to take cash from SoftBank’s $100 billion Vision Fund, despite the fund’s deep financial ties to Saudi Arabia.
- It raises uncomfortable questions given Saudi Arabia crown prince Mohammed bin Salman was credibly linked to the brutal murder of dissident and journalist Jamal Khashoggi in October 2018.
- Despite talk of a “reckoning” among tech startups about taking Saudi-linked money, startups have continued to raise hundreds of millions of dollars from the Vision Fund after the murder.
- Cesar Carvalho, the founder of Vision Fund-backed startup Gympass, said accepting cash from SoftBank meant the ability to do read more >>>