SoftBank’s Masayoshi Son chases boyhood dreams with $100 billion fund

SoftBank’s Masayoshi Son chases boyhood dreams with $100 billion fund

When Masayoshi Son was a child growing up in the south of the Japanese island of Kyushu, he kept a scribble-book of new inventions that he hoped to create one day. Today, the founder of Softbank invested close to 100 billion for the next great reality.
Masayoshi Son of HomeIndustry TechnologySoftBank is pursuing childhood dreams with a fund of 100 billion
The Son of Softbank Masayoshi childhood chasing dreams with a fund of 100 billion
When Masayoshi Son was a child growing up in the south of the Japanese island of Kyushu, he kept a scribble-book of new inventions that he hoped to create one day. Today, the founder of Softbank invested close to 100 billion for the next great reality.
Son of Masayoshi, Softbank, the mobile banking fund 100 billion funds, son of the son of childhood dreams Masayoshi, Kyushu, founder of Softbank

Founder of Softbank Masayoshi Son. (Reuters)
When Masayoshi Son was a child growing up in the south of the Japanese island of Kyushu, he kept a scribble-book of new inventions that he hoped to create one day. Today, the founder of Softbank invested close to 100 billion for the next great reality. Its SoftBank Group Corp. closed the first round of a 100 billion planned investment fund, with funds from Saudi Arabia, Abu Dhabi, as well as Apple Inc. and Qualcomm Inc. The Vision Fund gives access to a group of 59 Capital without equivalent in the world of equity or private equity firm – the equivalent of four or fifteen capitals Silver Sequoia.
Yours is not for school. He said, without irony, that he had a 300-year plan for SoftBank and aims to build the most valuable company in the world. With the Vision Fund, its desire to become the largest investor in technology over the next decade, promoting the future of artificial intelligence, connected devices, satellites and the integration of computers and humans. In fact, in April, he took the $ 5.5 billion in Didi ChuXing in China, the most important registered capital fund.
“We saw a big problem on computers, we saw a huge success on the Internet,” his appeal said in February with shareholders. “I think the next big explosion will be even bigger. To be prepared for it, you have to lay the foundation and that foundation is the Visión SoftBank background.”
His has enthusiastic supporters, with very deep pockets. Saudi Ambassador Prince Mohammed bin Salman has pledged to make his country the cornerstone investor with a check for $ 45 billion after a meeting with Su. In addition to Apple and Qualcomm, Foxconn Technology Group and Sharp Corp. also in the capital. Softbank said on Saturday that the fund has committed capital of 93 billion and aims to reach 100 billion with a final close in six months.
The mega-funds of its will to release an unprecedented amount in areas already considered surcapités. Private equity returns have declined in recent years because there is too much money chasing too few offers. Venture capital faces similar problems.
“A 100 billion dollar fund is amazing,” said Steven Kaplan, a professor at the University of Chicago’s Booth School of Business, who co-founded the entrepreneurship program. “It’s not too capital now, to have more money does not make sense.”
Kaplan struggled to think of a precedent than his son shop. He said the closest parallel would be the end of the 1990s, when funds are paid in US companies. Of America, which feed high ratings – until the market collapsed.

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