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Extra Crunch roundup: RapidSOS EC-1, how to prep for an M&A exit, inside Genki Forest – TechCrunch

Extra Crunch roundup: RapidSOS EC-1, how to prep for an M&A exit, inside Genki Forest – TechCrunch
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Extra Crunch roundup: Metromile CEO interview, Oscar Health's IPO plans, our 2-year anniversary, more – TechCrunch


Managing Editor Danny Crichton filed a column about Softbank’s Vision Fund that tried to answer a question he asked in 2017: “What does a return profile look like at such a late stage of investment?”
Softbank’s recent earnings report shows that its $680 million bet on DoorDash paid off handsomely, bringing back $9 billion. Compared to its competition, “the fund is actually doing quite decent right now,” he wrote. But Softbank has invested $66 billion in 74 unexited 74 companies that are worth $65.2 billion today.
“SoftBank quietly chopped half of the performance fees for its VC managers, from $5B to $2.5B, which led us to ask: are the best investments in the fund already in SoftBank’s rearview mirror? One upshot: WeWork seems to have turned something of a corner, with some improvements in its debt profile portending more positive news post-COVID-19.” ....

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