There's "a definite change in mood" towards SoftBank since the WeWork debacle.
WeWork's problems go well beyond CEO Adam Neumann. Namely, its basic business model doesn't work and needs to be overhauled.
WeWork CEO Adam Neumann and main investor SoftBank's Masayoshi Son have been close, but now Son wants reportedly Neumann demoted.
Masayoshi Son is the founder and CEO of Japanese holding company SoftBank, which invests millions in some of Silicon Valley's biggest tech companies.
Two of SoftBank's biggest investments are struggling to find favor with public investors. But its next big fund is likely still on track.
The Saudi sovereign wealth fund was a large backer of SoftBank's first Vision Fund, but has yet to commit to the $108 billion Vision Fund 2.
SoftBank's first Vision Fund invested in some of Silicon Valley's hottest companies like Uber, Slack, and WeWork.
SoftBank has backed or bought a host of established tech firms such as Nvidia, the We Company, Slack, Uber, and ARM.
Brain Corp CEO Eugene Izhikevich says he wants to build machines that can take care of humans — and it resonated with SoftBank CEO Masayoshi Son.
SoftBank said that the idea the firm is having a hard time raising money for Vision Fund II is "misleading and even inaccurate."
WeWork CEO Adam Neumann considers SoftBank's Masayoshi Son a close ally and adviser in its plan for successful growth.
The Wall Street Journal also reports SoftBank courting Oman for investment, having achieved nearly all of its funding from Saudi Arabia and Abu Dhabi.
For tech founders like Elon Musk and Jack Dorsey, it took a couple tries before they launched their massively successful companies.
