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SoftBank's US$100b tech fund rankles VCs as valuations soar

Venture firms are fretting that the Japanese company will snatch away the most promising deals

San Francisco

EARLIER this month SoftBank led a US$502 million investment in a London-based virtual reality startup called Improbable Worlds. Less than two years ago, the startup was worth about US$100 million. Then SoftBank came along, and suddenly it was worth 10 times that. Overnight,

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