Trend: The SoftBank empire in Silicon Valley is shaking

The jolts shake the empire of SoftBank in Silicon Valley

The jolts shake the empire of SoftBank in Silicon Valley

Softbank Vision Fund, Masayoshi Son, Trends, WeWork, Uber, IBM, Adam Neumann

The jolts shake the empire of SoftBank in Silicon Valley

2019-09-11T20: 43: 21 + 02: 00

2019-09-11T17: 49: 39 + 02: 00

2019-09-11T20: 43: 26 + 02: 00

Hello,
Welcome to Trending, the weekly newsletter presenting the best of BI Prime technical coverage. This is Alexei Oreskovic, head of West Coast Business Insider's Global Tech Editor. If you are not yet registered for the newsletter, you can register here.
This week: The SoftBank empire in Silicon Valley undergoes a few shakes
Over the past two years, Silicon Valley's vast constellation of start-ups, investors, and entrepreneurs has focused around a giant sun: SoftBank.
Launched in 2017, the Vision Fund Fund, with a capital of 100 billion dollars, instantly made SoftBank and CEO, Masayoshi Son, the most powerful forces of technology. Getting an investment from Softbank was as close to the gold ticket that a startup could get. As we wrote in April in our inaugural list of 100 people transforming the business world, "Masa", as his nickname Son, became the new king maker of Silicon Valley.
But two of Masa's biggest bets now seem very fragile. SoftBank would have invested $ 600 million under water in its investment in Uber, the first receipt of the public markets watchdog company crashing its share price. And WeWork, the popular office-sharing company in which SoftBank has invested billions, is doing worse, with reports that the company could be floated at a price much lower than the $ 47 billion valuation. recently invested by SoftBank.
If you are not yet subscribed to Trending, BI Prime's technical information letter, you can register here.
The big question now is whether these jolts could cause turbulence in Silicon Valley. SoftBank's SoftBold Take All investment strategy has long been criticized, as reported by Troy Wolverton. A VC from Silicon Valley used the colorful retro-metaphor of the needle coming out of the disk to describe the impending account in Silicon Valley when it becomes clear that the rich evaluations of SoftBank do not match the reality.
But the counter-argument is that no matter what happens with Uber or WeWork, there is so much capital looking for returns in a low rate environment, that Silicon Valley tech startups will not run out of money. so early. One of Stanford's speakers told Wolverton that "Betting against Masa has always been a bad idea."
Read the full story here:
WeWork and Uber give SoftBank a black eye, but that does not mean Vision Fund II has problems, experts say

The fortune of Neumann
Founder and CEO Adam Neumann is one of the people who will probably feel the effects of the devaluation of WeWork.
Although we do not have the exact details about Neumann's participation in WeWork, the company's prospectus gives an idea of ​​what Neumann could lose if WeWork's valuation went from $ 47 billion to $ 15 billion. As Julie Bort writes, Neumann's fortune could be less than a few billion dollars – but it's still worth billions.
Read the full story here:
WeWork's declining IPO will wipe out billions of CEO Adam Neumann's salary, but it will likely remain multibillionaire

What's next for IBM
Seven years after joining IBM, CEO Ginny Rometty has made bold bets, such as the $ 34 billion acquisition of Red Hat.
She has also developed a large pool of internal and external talent to the company. And while there is no hint that 62-year-old Rometty is planning to retire soon, one wonders who could possibly succeed her.
Read the full story here:
Meet the 14 powerful IBM players, who have played a key role in the bid of CEO, Ginni Rometty, to dominate the $ 1 trillion hybrid cloud market – and some who could replace him someday

Other recent technical highlights:

Google Cloud introduces new program that allows top sellers to target larger customers – but Google employees say it's harder for current vendors to grow
The Starboard activist investor bought a 7.5% stake in Box. Experts say the next step could be a restructuring, layoffs and maybe even a big sale to a competitor.
The lawsuit against Larry Ellison and Safra Catz of Oracle lists breathtaking claims behind NetSuite's $ 9 billion deal
WeWork claims to have a $ 3 trillion market opportunity and only recruited 0.2% of its potential customers. Here's why real estate experts say these numbers do not fit.

And more in the BI newsroom:

The founders of an Israeli billion-dollar spyware startup, accused of helping Saudi Arabia attack dissidents, are funding a network of new companies that hack speakers, routers and other smart devices

Global central banks are charging investors to hide their money. An investment manager overseeing 4.5 billion dollars explains why it would be a disaster for the United States.
The Uber trucking division has had hemorrhages of hundreds of millions of dollars. That's why the tech giant is betting an additional $ 200 million on freight and opens a dedicated Uber Freight headquarters.

Thank you for reading. And as always, I look forward to receiving your comments, thoughts and advice – you can email me at [email protected].
And please tell your friends and colleagues to sign up here to receive the newsletter every week.
See you next week,
Alexei

international

The jolts shake the empire of SoftBank in Silicon Valley

The jolts shake the empire of SoftBank in Silicon Valley

Softbank Vision Fund, Masayoshi Son, Trends, WeWork, Uber, IBM, Adam Neumann

The jolts shake the empire of SoftBank in Silicon Valley

2019-09-11T20: 43: 21 + 02: 00

2019-09-11T20: 43: 26 + 02: 00

Hello,
Welcome to Trending, the weekly newsletter presenting the best of BI Prime technical coverage. This is Alexei Oreskovic, head of West Coast Business Insider's Global Tech Editor. If you are not yet registered for the newsletter, you can register here.
This week: The SoftBank empire in Silicon Valley undergoes a few shakes
Over the past two years, Silicon Valley's vast constellation of start-ups, investors, and entrepreneurs has focused around a giant sun: SoftBank.
Launched in 2017, the Vision Fund Fund, with a capital of 100 billion dollars, instantly made SoftBank and CEO, Masayoshi Son, the most powerful forces of technology. Getting an investment from Softbank was as close to the gold ticket that a startup could get. As we wrote in April in our inaugural list of 100 people transforming the business world, "Masa", as his nickname Son, became the new king maker of Silicon Valley.
But two of Masa's biggest bets now seem very fragile. SoftBank would have invested $ 600 million under water in its investment in Uber, the first receipt of the public markets watchdog company crashing its share price. And WeWork, the popular office-sharing company in which SoftBank has invested billions, is doing worse, with reports that the company could be floated at a price much lower than the $ 47 billion valuation. recently invested by SoftBank.
If you are not yet subscribed to Trending, BI Prime's technical information letter, you can register here.
The big question now is whether these jolts could cause turbulence in Silicon Valley. SoftBank's SoftBold Take All investment strategy has long been criticized, as reported by Troy Wolverton. A VC from Silicon Valley used the colorful retro-metaphor of the needle coming out of the disk to describe the impending account in Silicon Valley when it becomes clear that the rich evaluations of SoftBank do not match the reality.
But the counter-argument is that no matter what happens with Uber or WeWork, there is so much capital looking for returns in a low rate environment, that Silicon Valley tech startups will not run out of money. so early. One of Stanford's speakers told Wolverton that "Betting against Masa has always been a bad idea."
Read the full story here:
WeWork and Uber give SoftBank a black eye, but that does not mean Vision Fund II has problems, experts say

The fortune of Neumann
Founder and CEO Adam Neumann is one of the people who will probably feel the effects of the devaluation of WeWork.
Although we do not have the exact details about Neumann's participation in WeWork, the company's prospectus gives an idea of ​​what Neumann could lose if WeWork's valuation went from $ 47 billion to $ 15 billion. As Julie Bort writes, Neumann's fortune could be less than a few billion dollars – but it's still worth billions.
Read the full story here:
WeWork's declining IPO will wipe out billions of CEO Adam Neumann's salary, but it will likely remain multibillionaire

What's next for IBM
Seven years after joining IBM, CEO Ginny Rometty has made bold bets, such as the $ 34 billion acquisition of Red Hat.
She has also developed a large pool of internal and external talent to the company. And while there is no hint that 62-year-old Rometty is planning to retire soon, one wonders who could possibly succeed her.
Read the full story here:
Meet the 14 powerful IBM players, who have played a key role in the bid of CEO, Ginni Rometty, to dominate the $ 1 trillion hybrid cloud market – and some who could replace him someday

Other recent technical highlights:

Google Cloud introduces new program that allows top sellers to target larger customers – but Google employees say it's harder for current vendors to grow
The Starboard activist investor bought a 7.5% stake in Box. Experts say the next step could be a restructuring, layoffs and maybe even a big sale to a competitor.
The lawsuit against Larry Ellison and Safra Catz of Oracle lists breathtaking claims behind NetSuite's $ 9 billion deal
WeWork claims to have a $ 3 trillion market opportunity and only recruited 0.2% of its potential customers. Here's why real estate experts say these numbers do not fit.

And more in the BI newsroom:

The founders of an Israeli billion-dollar spyware startup, accused of helping Saudi Arabia attack dissidents, are funding a network of new companies that hack speakers, routers and other smart devices

Global central banks are charging investors to hide their money. An investment manager overseeing 4.5 billion dollars explains why it would be a disaster for the United States.
The Uber trucking division has had hemorrhages of hundreds of millions of dollars. That's why the tech giant is betting an additional $ 200 million on freight and opens a dedicated Uber Freight headquarters.

Thank you for reading. And as always, I look forward to receiving your comments, thoughts and advice – you can email me at [email protected].
And please tell your friends and colleagues to sign up here to receive the newsletter every week.
See you next week,
Alexei

international