Money talks: Too close to the Son
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 26 March 2019
⏱️ 20 minutes
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| 0:00.0 | Attention at all passengers. You can now book your train tickets on Uber and get 10% back in Uber credits to spend on your next train journey. |
| 0:11.0 | So no excuses not to visit your in-laws this Christmas. |
| 0:16.5 | Trains now on Uber. T's and C's apply check the Uber app. Hello, I'm Ratch Neshan Vogue, economics correspondent at The Economist, and this is Money Talks. |
| 0:34.3 | Coming up on today's show, Vision Fund 2, the $100 billion bet. |
| 0:40.1 | It's very difficult if you're a young firm to ignore a beast as powerful as the Vision Fund. |
| 0:46.5 | Chickanomics, how did the chicken cross the road to become the rich world's most popular meat? |
| 0:52.8 | And charismatic leaders. |
| 0:54.7 | Whatever charisma is, I don't have it. |
| 0:57.6 | Are they overrated? |
| 1:00.2 | First up, Masayoshi Son, a Japanese tycoon, set up the Vision Fund in 2016. |
| 1:06.4 | It raised a hundred billion dollars to invest in innovative tech start-ups. |
| 1:11.0 | The fund has taken bets on all sorts of companies |
| 1:14.0 | including Uber and We Work |
| 1:16.0 | but it hasn't been without problems |
| 1:19.0 | now Masa as he's known |
| 1:21.0 | is preparing to raise as much as a hundred billion dollars for a second fund, |
| 1:26.0 | but questions still persist about how the funds are governed. |
| 1:29.5 | Tamzin Booth is our business editor. |
| 1:31.5 | Hello, Tamsin. Hello, thanks for having me. It's been two years |
| 1:34.3 | since the first Vision Fund was raised. How's it gone? Well so far there's been a lot of |
| 1:40.2 | spending so the Vision Fund has just over a hundred billion dollars in it. The main |
| 1:45.1 | task for the past two years has been to dole it out to deserving entrepreneurs, which is a harder |
... |
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