SoftBank Driving Investments In Silicon Valley Startups

“At the same time, two sovereign wealth funds and some retirement funds have started investing in startups directly instead of venture funds” reports Venture capital firms wanted companies to focus on revenue and profit instead of user growth, and investments declined.That has all changed in 2018 with SoftBank and its Vision Fund, which is its $92 billion investment fund focused on technology companies.According to a report in The Wall Street Journal, SoftBank is pouring billions of dollars into technology-focused startups, which is prompting other global investors — including U.S.-based venture capital firms — to follow suit.

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