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The Wall Street A-Listers on Aramco

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"In the meantime, Sanabil, which is a division of PIF, is likely to open an office on Sand HIll Road, according to a person with knowledge of their plans. Sanabil is also beginning to invest in venture capital firms as a limited partner, according to a second person.

The only consequences that might come are because of the Saudis’ increasingly poor track record. Several investors who are critical of the Saudi footprint in Silicon Valley argued that it would not be a newfound sense of morals that would lead to any rejection of Saudi cash. Instead it would be purely a selfish realization that Saudi and SoftBank money is bad for companies, a point driven home by every new Saudi startup flameout — such as SoftBank-backed WeWork."

Herd money chases a return, and avoids a loss. If the Saudi's will pay for the investment, it will come, if outside money is doing in Kingdom investment, then it will be far more cautious.

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