In order top pre-empt and be ready to face further turbulences in the digital age, Soft Bank CEO Masayoshi Son helped create a venture fund with investments from Apple, Foxconn and Qualcomm. This fund has been created to helped start-ups working in the digital world with capabilities in data warehousing and subsequent generation of business insights. A report submitted by research form CB Insights has further helped cement Soft Bank’s reputation as an influencer of investments to tech start-ups. The Soft Bank Vision Fund invested in sixteen deals in the US alone in the just concluded year. This includes firms like Slack, We Work, and Nauto plus the latest involvement in insurance firm Lemonade. In addition, the fund has invested overseas too at places such as London-based Improbable Worlds, China’s Didi Chuxing and India’s Paytm. Beyond just the numbers, the crucial point here is the strategic intent of placing bets with emerging players in various markets.

Source:https://venturebeat.com/2017/12/26/how-softbank-changed-the-venture-capital-game-in-2017/amp/?__twitter_impression=true

Uploaded Date:19 January 2018