One of the biggest power players in Silicon Valley will be based about 5,000 miles away by California.
Softbank, the massive Japanese conglomerate, began as a software distributor inside 1980s, grew into a telecom giant as well as today spans telecommunications, e-commerce, finance, technology services, semiconductor design, media as well as marketing, robotics as well as even baseball.
Last year, Softbank invested in more than half of the top 10 biggest investments in VC-backed start-ups, including WeWork, Indian e-commerce giant Flipkart, as well as ride-hailing giants Didi Chuxing, Grab as well as Ola.
SoftBank’s Vision Fund will be the biggest technology investment fund in history. While the $100 billion fund will be primarily backed by Softbank, the idea also includes massive investments by Apple, Qualcomm, Sharp as well as the sovereign wealth funds of Saudi Arabia as well as the United Arab Emirates.