New ask Hacker News story: Ask HN: Why are foreign funds investing in startups at ridiculous valuations?

Ask HN: Why are foreign funds investing in startups at ridiculous valuations?
2 by MetalGuru | 1 comments on Hacker News.
Why are foreign funds like the Saudia Arabia’s sovereign wealth fund and SoftBank’s vision fund dumping so much money into US tech startups, giving them insanely high valuations. HN’s very familiar with SOftBank and WeWork. I just read that Cloud Kitchens (Travis Kalanick’s new startup) was valued at ~$500M in September of this year. 2 months later, the SA sovereign wealth fund invests $400MM at a $5BN valuation. Can someone who understands the dynamics of global economic forces explain what’s happening?