SoftBank’s Masayoshi Son warns of a prolonged startup winter for unlisted companies. It is because some unicorn leaders won’t accept lower valuations in fresh funding. Across the globe, startups are facing a funding crunch. It’s because investors are cautious about the market conditions. SoftBank’s Vision Funds have supported over 470 startups in six years. However, it is now very selective in investment opportunities. In the quarter that ended in June, SoftBank invested $600 million. A year ago, during the same period, it was $20.6 billion. The company has also cut down the size of its check. Now, it takes only 5% to 10% in firms it supports.
