There's been a lot of turmoil in the tech industry after the torture-murder of Jamal Khashoggi. We have known for a while that Saudi money (which is to say, the Saudi Royal family's money, or to be even more specific, the Saudi crown prince's money) is a major component of venture capital. Softbank's most recent $100 billion Vision Fund is 45% Saudi, who have major investments in Uber, WeWork etc. Suddenly, that money is looking suspect. A prominent VC, Fred Wilson,
2018 Newsletter 20: Sweatshop Finance
2018 Newsletter 20: Sweatshop Finance
2018 Newsletter 20: Sweatshop Finance
There's been a lot of turmoil in the tech industry after the torture-murder of Jamal Khashoggi. We have known for a while that Saudi money (which is to say, the Saudi Royal family's money, or to be even more specific, the Saudi crown prince's money) is a major component of venture capital. Softbank's most recent $100 billion Vision Fund is 45% Saudi, who have major investments in Uber, WeWork etc. Suddenly, that money is looking suspect. A prominent VC, Fred Wilson,