Japan’s economy is burdened by a growing legion of retirees, and Saudi Arabia’s by the long-term shrinking global demand for oil. The Vision Fund’s formation will buoy their national treasuries into the future, which, in turn, should help quell internal political unrest.
Also, now that major venture capital is no longer the sole province of western investors, tech startups in Asia and developing nations may see an easier path to capital. The fund’s choices may offer other investors a map to otherwise undiscovered opportunities.