June issue editorial by James Mawson, editor-in-chief

Venture capitalists are notoriously a competitive lot and there is a new bar they are using to gauge status. Can you invest $50m in a round? A decade ago just raising a round size of $50m was considered impressive, but there has been a paradigm shift with the near-$100bn SoftBank Vision Fund and the scaling-up of ambitions from corporate and government investors this decade to turn innovation capital from a parochial cottage industry into a global larger industry.

To date,…