The supply of venture capital money for 2017 just more than doubled: Saudi Arabia and the Japanese firm SoftBank overnight announced a $100B venture capital fund, based in London, to invest in tech ventures globally.
That's equivalent to the total amount raised by US venture capital funds over the past 2.5 years, CNBC reports, citing NVCA data. What does that mean for venture capitalists and startups? Two things:
Image: SoftBank chairman Masayoshi Son. Bloomberg photo
