A few months into establishing one of the biggest technology investment portfolios in the world, Masayoshi Son—Japanese billionaire and founder of SoftBank—is determined to set up another one very soon.
According to Son, The Vision Fund was only the start; The Internet Corporation will expand the scale briskly. He added that Vision Funds 2, 3 and 4 would be launched every two to three years. After disclosing the Vision Fund less than a year ago, Son has carved a niche in the tech world. He launched the Vision Fund with the help of SoftBank, Apple, Saudi Arabia and many such big names. It has managed to collect $93 billion to invest in tech businesses in the future, while it had planned to raise at least $100 billion.
The fund has been rapidly investing huge sums of money into well-established start-ups such as Slack, Flipkart, WeWork, etc. However, according to Son’s prediction, the idea might end up running dry within two years. Hence, Son plans to raise the stakes and look ahead.
Moreover, the business tycoon aims to collect over 100 trillion yen (about $880 billion). He also wishes to invest in “at least” 1,000 companies and corporations over the next ten years.
Although, Son’s investment plans shall come as great news for start-ups all around the world, but a few investors worry that the stream of such huge amounts of money may pose challenge for companies to go public.
Son, who is famously regarded as an aggressive investor, wishes to be known as a “crazy man who bet on the future”. Apart from that, he believes that singularity is bound to happen eventually, wherein artificial intelligence and computers will manage to surpass mankind. According to Son, with SoftBank’s dealing with huge investments, technology’s “gold rush actually starts now.”
Also, Son happens to have the reputation for convincing hidden investors to invest. Like how in an interview with Bloomberg recently, Son revealed how he convinced Mohammed bin Salman bin Abdulaziz—Deputy Crown Prince of Saudi Arabia at that time—to cough up about $45 billion for the Vision Fun; all of this in just 45 minutes.