Land of the Rising Son
Softbank's Masayoshi Son is expected to announce soon the close of the first fundraising round for his new Vision Fund, a $100 billion technology investment fund that will be the world's largest private equity fund. His investors, which include Saudi Arabia's sovereign wealth fund and Apple, expect technology investments that will match or beat the ROI that Son has delivered in the last almost 2 decades.
Softbank's Son is looking for dealmakers who can spot the most commercially disruptive technologies. Son is looking for industry wonks to find potentially game-changing investments in sectors such as genomics, AI, robotics and IoT.
SoftBank's investment committee currently includes Son, Deep Nishar, SoftBank CFO Alok Sama, SoftBank director Ronald Fisher and head of the Vision Fund, Rajeev Misra. SoftBank is yet to finalize the investment committee for the new Vision Fund.
SoftBank is looking for experts in sectors like enterprise software, AI, robotics, digital media and fintech. Deep Nishar has a team of 4 people focussing on frontier technologies. Other specialists who are with SoftBank include David Thevenon who deals with ride-sharing investments for SoftBank, e.g. Didi in China, Ola in India, and Grab in Southeast Asia; Kabir Misra who is putting together the merger of Flipkart and Snapdeal in India.