Soccer star Honda plans $100m venture fund with Will Smith
Celebrity pair will link Japanese investors with American unicornsRead full story
There’s plenty of examples of US based funds raising money almost entirely from Japanese LPs—Sozo, Scrum, Geodesic, etc., so this is nothing new.
At those shops, at least somebody has some
Venture experience. “Personal connections” is not a real network and I can only hope that they hire an experienced GP.
One of the strong point of this fund is marketing promotion support - especially in consumer market.
I’m interested in their future portfolio.
On the one hand the angel investing ranks are growing, famous people among them, and on the other more sophisticated investors can decided whether or not Honda and Smith’s teams are experienced enough to invest their money. There is nothing easy about VC and it is learned like anything else.
Honda has been an angel investor for US startups including a b2c consumer brand Ministry of Supply. He seems to have been studying coding himself after the World Cup so I almost thought he’s retired (No, he’s not!). The celeb-turned-into-investor is not a typical path in Japan so I’m personally looking forward to what he does as an investor and entrepreneur!
These are the people who can lose a fortune on an apparently fraudulent ICO and still smiling and not suing anyone. Dumb and rich are the best possible friends for fundraisers.
Yikes! Is this the sign of the bubble preparing to burst?
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