03/12/2018: Softbank’s $98 billion venture fund is a rampaging gorilla
The Japanese multinational SoftBank Group launched its $98 billion VisionFund last year. Since then, it's dramatically changed the landscape in tech and venture capital. The fund has taken a majority stake in Uber, poured billions into WeWork, Nvidia, DoorDash, Slack and the dog walking startup Wag. SoftBank's influence is so big, it's pushing other venture capital companies to raise more money. Sequoia Capital, one of Silicon Valley's best-known firms, is reportedly trying to raise more than $12 billion in new capital just to keep up. Marketplace Tech host Molly Wood speaks to Anand Sanwal of CB Insights about how VisionFund is changing everything.
The Japanese multinational SoftBank Group launched its $98 billion VisionFund last year. Since then, it’s dramatically changed the landscape in tech and venture capital. The fund has taken a majority stake in Uber, poured billions into WeWork, Nvidia, DoorDash, Slack and the dog walking startup Wag. SoftBank’s influence is so big, it’s pushing other venture capital companies to raise more money. Sequoia Capital, one of Silicon Valley’s best-known firms, is reportedly trying to raise more than $12 billion in new capital just to keep up. Marketplace Tech host Molly Wood speaks to Anand Sanwal of CB Insights about how VisionFund is changing everything.
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