35 Burst results for "Masayoshi"

"masayoshi" Discussed on Tha Boxing Voice

Tha Boxing Voice

02:50 min | 4 months ago

"masayoshi" Discussed on Tha Boxing Voice

"Just do we have another way m pick and it's funny because to me. I get wrapped up in the height. I'm gonna just go ahead and say that i give wrapped up in the high. And then you get those small fighters on that we interview. And they're like man. I don't mean nothing or you get good fighters to tell you hi dominant. I don't know. I think means a lot in But there are no more side by sides. that's the best we can do This is a youtube video. And it's probably the full way and so we don't want to click on that but Not tiny definitely Tall man definitely tall and can cause some serious issues with that high as he did for. Not ony te'o but Verdel has well-meant so interesting fight. I do like this fight. I do hope top-ranked can make this because if not knock kettani right then who realistically two year low medeva sounds fantastic. But are we going to get a disown. Fight with a top ranked fighter. Is that realistic can can. Can we really pull that off. Is bob gonna this version of barbaro. Many way is he gonna play well with others right. Will he let this happen if it's some sort of cross promotion because here we're showing you the champions at one hundred and thirty ring magazine. Obviously being neo fema the one across the board. He's the champion every division. And then you've got your number one's across the board universal ring number one is facilities And not tiny nine on the rain now. Going across the board the seals number two in a doubly beal. He's number five in the ibf. He's number one. Under ryan garcia the interim champion devon haney the regular champion antipathy mo the super so into one hundred and thirty five pound division. The wbz officially has the same amount of champions as the wnba. 'cause rolando romero is some sort of interim. Champion devante davis one hundred and thirty five regula and obviously our friend. Neil fema lopez is.

devon haney ryan garcia Neil fema lopez youtube two year Verdel bob gon devante davis one hundred and thirty ring wbz barbaro one hundred and thirty five po one hundred and thirty five re rolando romero one every division number one nine five two
"masayoshi" Discussed on WZFG The Flag 1100AM

WZFG The Flag 1100AM

02:16 min | 9 months ago

"masayoshi" Discussed on WZFG The Flag 1100AM

"Order in March to shut down non elective medical procedures was unconstitutional and put people at risk. We had a single person making a decision she didn't have input from the 10. Million people in Michigan Africa, right represents the Wellston Medical Center that blames Whitmore's order on medical complications that led to a patient's death. Hath Governor Whitmore's signed over 160 orders today. It's including business restrictions that have also lead to similar lawsuits. Jeff Man, also Fox News. There have been fewer cases of covert 19 among NFL players, then were feared once they began practicing league and its players association confirmed that between August 30th and Labor Day September 7th. There were 44,500 tests performed for Corona virus on NFL personnel players, coaches team staff. Among this group 2641 players. 5719 personnel on Ly One player tested positive for covert 19 in this latest round of testing and 17 staffers. This is eight positive tests among more than 8300 people in the NFL, encouraging news as the league prepares to kick off its season tomorrow night. Jared Max Fox News Federal appeals court has dismissed a lawsuit filed by 50 former pro wrestlers who claim world Wrestling entertainment fail to protect them from repeated head injuries, including concussions that they claim led to long term brain damage. The judge in the case agree with a lower court ruling that many of the claims or frivolous or filed after the statute of limitations expired. W W E deny the allegations in the lawsuit. Among the plaintiff's where Jimmy Superfly Snuka and Harry Masayoshi Fujiwara known as Mr Fujii, I'm Lee Scylla. Sarah and this is Fox News. Hughes. Your flag forecast. If you're heading on out tied, the quiet weather will continue on. We see a low it 38 clear Then tomorrow we're warming up here too high. It's 68 more Have sun all around. Not saying a whole lot going on Thursday night. 40 foreign clear highs in the upper sixties on Friday, and we may have a shower late Saturday. Storm 71. That's a look at your plague. Three day forecast. I'm Tony Vogel. Right now. 48.

Fox News NFL Governor Whitmore Jared Max Fox Wellston Medical Center Tony Vogel Jimmy Superfly Snuka Michigan Africa Jeff Man Hughes Sarah Harry Masayoshi Fujiwara Lee Scylla Mr Fujii
Sudden Volatility in Tech Stocks Unnerves Investors

BTV Simulcast

05:07 min | 10 months ago

Sudden Volatility in Tech Stocks Unnerves Investors

"Our next guest. He's that doesn't see the significant rotation away from technology. Gary Dugan runs their global CIA office, an independent investment advisory firm, and he joins us from Singapore. Gary Great to talk to you. Let's just Start off with why he think that the tech rotation stories and really a flyer. Well, I think you've got something more kind of on the other side and we really struggled still with cyclical stocks. They don't getting pricing power. The volumes are still pretty mundane, and we're not getting significant surprises The upside It is still quite a contrast with tech sector. Well, absolutely, and tell me about what you have right now from your client base as a family office and behind that worth individuals a times it's all about wealth preservation. Of latest being about growing. Your capital base is their point, an inflection point where they retrench, and that's going to be key. I don't think that will change in the weather. But don't don't retrenchment starts in terms of a significant shift strategy until the Fed changed strategy, and we're still getting more of what was in the last decade. What the Fed is underwrites the markets. It's dragging old fields down and people still searching for income and they're they're saying if I can't find income are gonna have to go for capital growth. There are very few sectors that author kind of almost You know, confirmed, you know, 100% probability is going to get some activity such capital gains that really only come into the tech sector on a small smattering of other growth sectors. Well, Absolutely. So where you know what sort of noise you're getting in the moon. What's the biggest question you'll be asked Bio client base. I think the biggest fear of the moment is a big backing up in long term interest rates. That has been a bit ambiguous, certainly anchored the short and the market. We've got near zero sorts of interest rates. But would they let long term interest rates go higher? We don't think so. I think the fact is, we see interest rates of 10 years on the U. S. Government bond moving towards the 1% bubble. I think it will be in managing the yield curve on getting those fields back down to maximum 70 basis points, so I think that is in this place. That's number one fear of the moment. Gary, you talking about how you're not seeing a rotation out of tag, but Fang stocks trading at 31 time, Speedy I mean, when do they get too expensive to be to be playing tag? Hey, very simple Maths on gross boxes. That evaluation is the future profitability and be fair. But no. These companies got profits these days, not as they had in 2000. And you divided by discount rate, not discount right from the Fed, we're told is close to zero because they're now kind of projecting or giving us suggesting the market suddenly discounts the market no increase in interest rates. Some years to come. So if you can find any company out there give you 10 15 20% owners growth You kind of almost putting infinity P multiple in. Maybe just, you know, just giving something exaggerated, But the P multiples could be a lot higher. But why they stand today. We talked about how Masayoshi son and solved by taking a big bat in the options market. What do you make of the options frenzy? Do you expect it to purses? I think it will do But, you know, of course, the market's being cold now because of the soft bank of very major player in the volumes of which they would be stealing in the market would've probably overwhelm any other buyers and sellers. So not to say it's a manipulated market. I think that someone suggested maybe Softbank's running a hedge fund now rather than corporate strategy, But it just shows that there are very few places that people feel comfortable. Make trying to make gains. The longer term. It is very focused on one sector. But as I suggest These companies are delivering corporate profit forecast kind of 10% since June for the tech sector still down from when he started the year. There are very few sectors delivering that kind of good news the moment Gary. The trajectory higher for the full for the stock market isn't likely to be without bombs. How do you hedge against the volatility that is expected? You know, it's good question. We obviously got a very strong rebound. It's quarter forecast for GDP numbers have gone up over recent weeks, but then things will calm down. We've become down a long labour recover somewhat. And then things will have to get back to the door. But I think the one concern I have out there the bone, but it's the central banks of being helpful. I'm not so sure that governments might be to be so helpful. They are limited on fiscal policy that spent a lot of money already. Driven debt up to considerable amount of the GDP. Most countries close to 100% or beyond, and therefore if you have government, but a little bit more sensitive, maybe people be a bit more concerned about the outlook for growth in 2021.

Gary Great FED Gary Dugan Gary Singapore Softbank CIA U. S. Government Masayoshi
SoftBank Explores Sale or IPO for Chip Designer Arm Holdings

Bloomberg Daybreak: Asia

00:28 sec | 1 year ago

SoftBank Explores Sale or IPO for Chip Designer Arm Holdings

"Softbank is exploring some options for selling part or all of its stake in British chip designer arm Holdings. Sources said that this would either be through a private deal or a public stock listing. They said if the company pursues a listing arm holdings could go public as soon as next year. That would accelerate a timeline that Softbank founder Masayoshi Son Had laid out back in 2018. He'd estimated initial share sale. Forearm holdings would be sometime around 2023

Arm Holdings Forearm Holdings Masayoshi Son Softbank Chip Designer Founder
Crash Bandicoot 4: New Gameplay Shows New Tricks, Returning Moves

Rhythm and Pixels Video Game Music Podcast

01:47 min | 1 year ago

Crash Bandicoot 4: New Gameplay Shows New Tricks, Returning Moves

"Level five from the Game Willy Wombat a Saturn composed by Masayoshi Ishi. Takeshi Sato. And this is an interesting. Interesting game. It's nice detail. Game. It's three, but the characters are all two. Sony Changed Perspectives. It just a rotates this. Get different doesn't rotate the SPRITE. You just get different. The sprite changes different perspectives X is symmetric kind of you. So and it's not super exciting looking, but it's interesting. Is that crash bandicoot original name was willie the wombat. and. Because Sega released actual. Willy Wombat Game I naughty dog. The developer of crash had to change the name, and they came up with the name crash bandicoot and You know! What which character do you remember more Willie? The wombat crash bandicoot well I'm just happy, because thanks to that name does know nowhere to plan. CUDE is yeah. I mean I. Guess I guess he looks looks kind of like a wombat. The character of the actually changed. Right nothing? That's probably why they went with something. Ridiculous abandoned Kudos was similar enough to a wombat. that. We can go with this. They probably change them a bit though because I to remove wings. Yeah, so. At least remove wings. I wanted to choose on. This is A. List that I had this kind of complimented the one you picked I. The most is like kind of dark and slow and dreamy. It's just I don't know it's got that style. Of Classic Synthesizers, and like really like dreamlike drums and stuff that I just associate with the Saturn and I really love that sound Sega Saturn in Philip. CDI.

Willie Takeshi Sato Masayoshi Ishi Sega Classic Synthesizers Sony CDI Developer
SoftBank's Son leaves Alibaba board following Ma's departure

WSJ What's News

00:31 sec | 1 year ago

SoftBank's Son leaves Alibaba board following Ma's departure

"We begin in Tokyo with a story involving two of the most powerful entrepreneurs in the world. Masayoshi Sun CEO of the Japanese technology conglomerate Softbank announced today. He stepping down from the board of Chinese ECOMMERCE giant, Alibaba his departure comes after it was revealed last month, Ali Baba's Cofounder Jack Ma was leaving soft bank's board Softbank has come under pressure for investments in troubled startups, such as we work in

Cofounder Jack Ma Alibaba Ali Baba Softbank Tokyo CEO SUN
No Longer a Pizza Maker, Softbank Portfolio Company Zume Flounders

Business Wars Daily

02:52 min | 1 year ago

No Longer a Pizza Maker, Softbank Portfolio Company Zume Flounders

"If you listen to our recent miniseries we crashed. You heard a lot about Softbank. The giant investment firm that funded. We work and we talked about Softbank here last week in our episode about brainless. That's the consumer goods startup that Softbank recently shuttered today. We're looking at yet. Another Softbank portfolio firm that launched with a lot of hype but that is struggling. Now that would be zoom the Silicon Valley company that promised to transform the pizza business by using robots to cook your Pepperoni Pie enough from a tech enabled warehouse somewhere. No from a mobile kitchen while on route to your living room cooking on a delivery truck. Zoom said. You'd get your pizza fast in the ultracompetitive pizza delivery business. A couple of minutes shave from your delivery time. GimMe all the difference for pizza chains competing to win your cash. Robotic pizza making sounded like a good idea. Softbank certainly thought so. The firm run by fame venture capitalist Masayoshi Sun invested three hundred. Seventy five million dollars zoom. The money came from its Softbank Vision Fund notably the one that funded. We work in brainless lists the ill-fated Company. We told you about last week. At the end of two thousand eighteen investors valued soon pizza at more than two billion dollars even more striking only three months ago. Ceo Alex Garden was arguing. It's true value was double that you were seeking additional new funding evaluation of four billion dollars. According to recode from what great heights we fall and hurt workers along the way in early. January zoom laid off three hundred sixty people eighty percent of its staff it closed zoom pizza locations around Silicon Valley those robots. Don't Cook Pizza Anymore now. Zoom is positioning. The company is a robot powered supplier to the pizza industry. That is it's attempting to sell compostable pizza boxes and automation systems to its former rivals. Domino's pizza hut among other pizza chains. It's also pushing into other parts of the food industry with its mobile kitchens but reports since say Zoom has run into even more problems with its model. It turns out that it's compostable. Pizza boxes can't legally be used in some places Bloomberg Business Week reported. The boxes contain a chemical that the

Softbank Softbank Vision Fund Silicon Valley Bloomberg Alex Garden Ultracompetitive Domino CEO Masayoshi Sun
SoftBank keeps walking away from startup investments

Techmeme Ride Home

02:25 min | 1 year ago

SoftBank keeps walking away from startup investments

"This morning Dan. premark revealed that sources have been telling telling him that Softbank's Vision Fund has actually walked away from several investments in startups over recent weeks these startups had all received term. I'm she tes already. From South Bank to the tune of hundreds of millions of dollars Softbank had delayed some funding around concentrations. Recently after the whole we work turmoil but reportedly Softbank had told the companies involved that the closing delays would only be temporary. Apparently that turned out not to be true to say. It's highly unusual for an investor to ghost after delivering a term. Sheet would be putting it. Mildly here are just two examples quoting Dan. Honor is a San Francisco homecare company for older adults. That's raised over one hundred million dollars from firms. Like Andriessen Horowitz. NASCAR's and thrive capital. It received a term sheet from Softbank in mid-november with subsequent reports putting the deal size at around one hundred fifty million dollars Softbank CEO Masayoshi sewn gave his blessing during a meeting at his woodside. California state with honor. Co Seth Sternberg per a source familiar. Softbank kept saying it had to run some process stuff before getting the term sheet fully signed nine but said they wanted to get it funded by year end. So it started confirmatory due-diligence law firms background checks iwo going through stuff etc.. There was no reason to think there was going going to be a problem and quote. Softbank Killed The deal one week before Christmas telling honor that son had changed his mind. Sawn did not personally communicate his decision. Decision or rationale to the company and quote and Creator is a San Francisco based developer of hamburger making robots whose backers include Google ventures as an KHOSLA ventures. Softbank signed the company to an exclusive six-month term sheet for a round that was many multiples of the twenty five million dollars in it raised to date quote. Totally screwed screwed is how one source close to Creator refers to what happened next like with the other examples it was unexplained delay after unexplained delay and at one point said it wanted wanted to add a co lead investor. The company pushed back and Softbank agreed to wire between ten million and fifteen million dollars a show of good faith but the hurry up and wait persisted with multiple sources telling me last month that the original deal was dead. Things may have since changed however as a source close to Softbank says negotiations remain remain active and quote.

Softbank San Francisco Andriessen Horowitz Premark Vision Fund South Bank Seth Sternberg Nascar DAN California Khosla Ventures Sawn Woodside CEO Masayoshi Google Developer
"masayoshi" Discussed on Behind the Bastards

Behind the Bastards

06:07 min | 1 year ago

"masayoshi" Discussed on Behind the Bastards

"Play in when she was in it right good stuff? She wound up filing a federal complaint against Adam for among other things retaliating against her for getting pregnant. That's according to The Washington Post Party. According to the Post Bharti quote alleges that female employees were subjected to sexually offensive conduct disparage for taking maternity leave and often paid significantly less than their male counterparts arts. According to a complaint filed Thursday with Equal Employment Opportunity Commission Bharti had two children during her more than five years that we work in claims Newman referred to maternity leave as retirement went and vacation according to the complaint she alleges she was demoted after both pregnancies and replaced by minute higher wages given no instruction about her new responsibilities so cool now that story to drop until two thousand nineteen a two thousand sixteen. The company was still riding high flush with billions of dollars in VC money and on its way to becoming the largest private office renter in New York City in the spring of that year Norman met the CEO of Softbank Masayoshi Sun at a dinner Masayoshi held the per springs brings to soft bank's hundred billion dollar investment fund. He was one of the biggest investors and the startup world or the rest of the world matter at a badly wanted his money money. He invited Masa on a tour of the company offices in Moscow told him he had twelve minutes to listen to a presentation. Newman gave him the pitch and followed him out to his car. When it was over in August takes and then he played Masayoshi? Takenaka's seven goblins. I assume for twelve minutes. I don't understand that job Somehow Adam one Masayoshi Sun over the elder businessman told no men that the only problem with his business plan was that we work with thinking too small it should move from leasing office space. The small businesses and working to leasing space to all businesses Masayoshi offered him four point. Four billion dollars on the spot. Okay all all right. No bad seems like a bad idea right. Seems like ridiculous than I knew. What you should do is own your own country? Yes that's it's kind of just goes. Yeah Okay Right. Isn't this now just becoming entirely like real estate base because like if you're GONNA go to bigger companies than you're going to need a building elegant entire entire buildings rent to them. Yeah you would rent to them instead of them renting it because they all rent their spaces. It's a stupid idea. This is an inversion Asian of reality. Yeah as a bit small I. It's this this thing. People talked about. Steve Jobs this reality distortion field that he had like Adam clearly has that ability and he in raptures is this guy and convinces him that like this dream of changing the world. Changing work is more than just like what it actually is. which is we rent office space? Space Yeah I don't understand how he did it but he did it and he got four point four billion fucking dollars to do it insane. That's that's one of those things that I've talked about on. Our podcast is like I. I would love to just like measure whether or not like I want to talk to this guy and see if he can get me on his. Yeah like I want my ability to fight off a cult leader. I really don't want you to do that. 'cause I know that you'll I gotta I was. I was born in it. I I need closure on my life. I have to defeat a cult leader before I can grow as a person I mean we could hunt down. Adam Newman throw rocks at him. I would that count. I don't think I trust you to go to the roof with Adam Five. Yeah I would I do think that should you know our lives lives ever go in that direction. Let's say some investor gives us four point four to start my coat that I've been working on for years like a nice offshoot of that would be like. Maybe we make a reality show where we try. We do terrible culture personality. Well speaking of terrible colts personality the episodes over Part One and it's time for you to plug your own colts personality. Sure Well we do podcasts. Let's go knowledge. Fight Steve Media. That people can find just by googling it it's on itunes on spotify that's true Various obvious other places around and then we have twitter and all that stuff that knowledge underscore fight and I'm Jordan somewhat of a comedian and if you're looking to book me I'm available tweet tweet at go to bed Jordan. That'll that'll do it. If you run comedy then you in Nome Alaska please not WanNa try to say talk. You can't know just Jordan outcome on I'm going to follow. I want to send you to Panama the mind when it gets you. Both opposite sides hemisphere all right awesome in honor of at event. Will I'm Robert at. This is my podcast. You're listening to it. You can find the sources behind the BASTARDS DOT com. You can find us on twitter quitter and screaming at Bastards Pot. You can try me on twitter at I right okay and you can find love in your heart anywhere. You also find a dollar because capitalism my friends in the essence of love. And that's what we're going to write out on DVD. The I'm Robert Evans hosted behind the bastards and my mental health isn't always the greatest because they read about horrible people all the time. If you're like me maybe you should consider better help online counseling. They offer licensed counselors who specialize in a variety of issues like depression anxiety. You can connect privately and the rates are really affordable and right now behind the bastards. Listeners will get ten percent off their first month by using the Discount Code B._T.. Be That's better help dot com slash B._T.. Be So get some help at better. HELP DOT com slash T._B...

Adam Newman Adam Five twitter Masayoshi Bharti Robert Evans Washington Post Party Adam New York City Masayoshi Sun Softbank Steve Jobs CEO Takenaka Moscow Masa depression Norman
SoftBank Will Have ‘Last Laugh’ With WeWork Deal

Bloomberg Daybreak: Asia

00:26 sec | 1 year ago

SoftBank Will Have ‘Last Laugh’ With WeWork Deal

"Softbank's massive investment and we were triggered a multi billion dollar right down and a rare apology from founder Masayoshi son but one analyst is arguing the deal is likely to work in the end and softbank will have the last laugh Chris lane over at Sanford Bernstein says that we work can have a bright future is softbank overhauls the business plan and more carefully focuses on the evolution of the corporate office

Analyst Softbank Chris Lane Sanford Bernstein Founder Billion Dollar
SoftBank and Line Corp. Seek to Create a Japanese Internet Giant

BTV Simulcast

00:25 sec | 1 year ago

SoftBank and Line Corp. Seek to Create a Japanese Internet Giant

"So I'm going to start here when shopping they're going to create a Japanese internet giant about rivals like Google and Amazon Masayoshi son plays a combined softbank Yahoo Japan internet business with messaging service the line and I will become a joint venture in a deal that will not close until next October the company say the combination is driven by a sense of crisis global giants are increasing their hold on the tech

Google Amazon Softbank
Stung by WeWork, SoftBank boss Son aims to be more cautious

Bloomberg Daybreak: Asia

04:32 min | 1 year ago

Stung by WeWork, SoftBank boss Son aims to be more cautious

"We're joined by opinion columnist Tim cult than Tim's been writing about we were being more black swan then unicorn for softbank and Tim you're saying that softbank probably won't have the same sort of to Bakul anytime soon and you're saying it's not because Masayoshi son has learned his lesson it's more about the mass intriguing Senor cult band yeah so basically if you go back to the concept of a black swan Nassim Nicholas talent right about it you know back in around twenty seven dot two thousand seven he talks about them is highly improbable events with extreme impacts so that's really what we're talking about when we talk about blacks one event the reason why it's unlikely to happen again is because we work in terms of both size as in the amount of money they put into it which is ten point five billion dollars or more prior to the collapse I should say and the scale they already owned about thirty percent now they own eighty percent but even back then there and around thirty percent there is nothing else in a portfolio that comes close they do have five DD the Chinese right having company they've also got by dense the Chinese streaming company and they have grab holdings which is the southeast Asian right having company they're they're about as close as they get to what we work wise but there's still a lot smaller so basically if even if any of these other three investments I have went to zero it still wouldn't match the amount of rice off that softbank and the vision fund faced with the we work right off so that's really what I mean in that it won't be repeated because there's just nothing around that is that B. or which they have such a large exposure to so it just seems that the best idea is to find the best ideas and get in early yeah that's basically what you know the vision fund was supposed to be that's what venture capital investing is supposed to be about but you know the the flip side to this is that a fed board into we work and it did go really big or even some of the other lodges shock you know unicorns that they have such as grapple by dental or DD if they go big could then take you get some really big returns from them however they've got you know eighty eight companies in the portfolio each one has an investment of around about a billion dollars from from softbank H. I mean that's the average the some with a lot more money from softbank some with a lot less and so what we going to see I think with the vision fund is set up a huge a few big home runs were gonna see if you it's basically going to have to get home with singles and doubles because they're not gonna be huge home runs of just after the I. cumulate tion of of little wins that will get the vision fund to some really large returns so are you expecting for this last sort of twelve billion you mention that eighty five billions already invested and goes up to around a hundred to a call and ninety seven two hundred billion hot with that they'll be really careful and really cautious with these next three think they'll they'll still be quite sort of free wheeling well I think the side of the finals ten to twelve billion they've got left is basically a marked only for follow on investment side they've basically admitted they will and this is what they've stated publicly just a few days ago that the investment period for the fund has close that means no new investment so what's left in the fund will go to the following investment for existing companies that they've already invested or it will go towards essentially paying the coupons and incentives they need to pay in the fund a lot of people forget that around about forty percent of the fund is actually raise through preferred equity which they have to pay a seven percent coupon on so they have to pay about three billion dollars a year every single year to those investors and they need to make sure they have the cash to do it so I think some of the money Nicholas and the phone will be for that just briefly you know the stocks up three point eight percent today it felt a little bit yesterday after the earnings but people still believe in this guide yeah you know people still believe in in Tesla to and a lot of other companies that don't make any money or have a struggle with profits and and track record you know if you're buying into softbank then you're buying into massive massive she son if you believe in myself you son then you bite if you no longer believe in you gonna sell it really comes down to that it's really so simple all right Bloomberg opinion columnist him cope and thanks very much you can read more on this and other stories on Bloomberg opinion at Bloomberg dot com slash opinion and on the terminal by typing OPI and

Tim Cult Softbank Thirty Percent Three Billion Dollars Five Billion Dollars Billion Dollars Eighty Percent Eight Percent Forty Percent Seven Percent
SoftBank CEO Son says his judgment on WeWork was poor in many ways

Colorado's Morning News with April Zesbaugh and Marty Lenz

00:34 sec | 1 year ago

SoftBank CEO Son says his judgment on WeWork was poor in many ways

"The leader of softbank group in Japan is eating his words and apologizing for what was a very costly mistake based on the strong recommendation of Masayoshi son softbank invested billions of dollars in American office space company we work now son says he missed judged Adam Newman the founder and head of we work some said he over estimated Newman's good side and turned a blind eye to the negative well that error in judgment costs softbank within four and a half billion dollars in losses that's the lion's share of softbank's losses of more than six point four billion in the three months ending

Japan Softbank Adam Newman Founder Masayoshi Billion Dollars Three Months
WeWork: Unicorn Cowboy

Planet Money

03:01 min | 1 year ago

WeWork: Unicorn Cowboy

"He's speaking here in January of last year at a conference of mayors at the time we work was worth more than twenty billion dollars an extraordinary amount of money for an eight year old company that had never made a profit and was in the business of renting out office space by the month but newman never really talked about. We work as a company that rented out office space. Here's I would he told the mayor's if you bring us in for ten locations we will create one hundred thousand jobs over the next ten years and it can go go bigger and bigger and we wanted just bring your jobs. We'll bring the place to live. We'll bring education and this is important will bring corporate America we will redesign their space build it deployer technology which is called we always and took okay longtime to create and then put our community where you do that for a city hall. I would love to see the whole this is the way newman talked about. We work and we work talked about itself not as a company that rented out office space but as something much bigger we kept opening more offices and more cities and kept losing money and investors kept giving the company more money at higher and higher valuations by the beginning of this year we work was worth almost fifty billion dollars because it wasn't just an office company it. It was a technology company that was going to figure out how to profit from offices and apartments schools in City Hall and basically everything we were like. We're going to be a universal. They don't know what the word is. Universal Place Company Matt Levine used to be an investment banker now he writes for Bloomberg opinion my favorite of his recent headlines it's not you. It's it's we anywhere. There is a place we were going to be taking money out of it. That's why they could raise money at forty seven billion dollars evaluation. They weren't like an office landlord company. They were this flakes everywhere all encompassing master of space at least that was the story we were told up until this summer until to put up finer point on it just after seven. Am Eastern time on August fourteenth we work was preparing to sell stock to the public for the first time they have an IPO and they published a document for prospective active investors. The document is called S. One Thursday really quite extraordinary turning point like everything was one way and then the as one hits and immediately everything is the opposite way in like shockingly rapid fashion that whole story that we were had used for years to raise more than ten billion million dollars from some of the richest most experienced tack investors in the world The story that made it the most highly valued startup in America back collapsed instantly instantly. How did we work raise so much money? How did it go so bad so quickly? What tell us about the way money works in the world today hello and welcome to plant money? I'm Jacob Goldstein. The story of we were long rise and almost instant fall largely goes back to one guy not Adam Newman not even anybody at we were. It's a guy named Masayoshi sun today on the show. We Work Masayoshi Sun.

Adam Newman City Hall America Matt Levine Jacob Goldstein Investment Banker Bloomberg Forty Seven Billion Dollars Ten Billion Million Dollars Twenty Billion Dollars Fifty Billion Dollars Eight Year Ten Years
SoftBank seeks help from its COO to turn WeWork around

Bloomberg Businessweek

00:24 sec | 1 year ago

SoftBank seeks help from its COO to turn WeWork around

"Softbank and its head Masayoshi son is hoping the former CEO of sprint can help to fix we work softbank is we works largest investor son has tapped Marcello chlorate to help turn it around all that according to a source we works co founder and chief executive officer Adam Newman was removed earlier this week clearing has a track record of fixing companies he still chairman

CEO Sprint Softbank Marcello Chlorate Co Founder Adam Newman Chairman Chief Executive Officer
SoftBank plans to lend up to $20 billion to employees to invest in new fund

Bloomberg Businessweek

00:24 sec | 1 year ago

SoftBank plans to lend up to $20 billion to employees to invest in new fund

"Softbank group is leaning on its employees including chief executive Masayoshi son for cash this as the firm rushes to raise an ambitious technology fund on the volatile markets Bloomberg has learned softbank plans to land up to twenty billion dollars to its employees to buy stakes in its second giant venture capital fund some of the people said Mister sun may account for more than half of

Bloomberg Mister Sun Softbank Chief Executive Twenty Billion Dollars
France's Digital Tax on Tech Giants

WSJ Tech News Briefing

05:40 min | 2 years ago

France's Digital Tax on Tech Giants

"Taste your way through Napa Valley California with W._S._J.. Magazine and into Garay Book this exclusive trip at into guard dot com slash W._S._J.. Magazine or call six four six seven eight zero eight three eight eight three. This is tech news briefing. I'm Tanya boost dose reporting from the newsroom in New York and France will proceed with the digital tax on international tech heavy hitters ones like like a Google and facebook. We'll check in on how new taxes of the digital variety are shaking up the tech industry and international affairs. That's after these tech headlines Japan's soft group. Unveiled a second tech Mega Fund even bigger than it's nearly one hundred billion dollar vision fund. It's called Vision Fund to and expects to gather some one hundred eight billion dollars in capital for more than a dozen investors ranging ranging from Apple and Microsoft the Journal notes that the planned inauguration of the second fund is a victory for Softbank Chief Executive Masayoshi Son who started the first vision fund just two years ago amid widespread doubt about its viability twitter has now been profitable for seven consecutive quarters a contrast two years of sustained losses that the company had reported after going public in twenty thirteen twitter's revenue rose eighteen percent to eight hundred forty one million dollars colors. This was helped by strong advertising sales in the U._S.. We also learned that twitter continues with solid user growth signs that investments to improve civility may be working but the journal notes that the adjustments are coming at a cost hiring more workers. Workers in areas like tech support and sales and spending on content are eating into twitter's profit journal's Georgia wells has the full breakdown at wsj.com and companies like facebook and alphabet not to mention Google could have their secretive algorithms policed by a beefed up watchdog Australia describes this as the world's first limits to the power or report by the Australian Competition and Consumer Commission concluded that U._S. Tech giant's we'll do too much influence wince over Australia's news and add markets they say changes are an order. The recommended changes which includes strengthening privacy safeguards with steep penalties of up to ten percent are listed in the full report and comes after facebook was hit with a five billion dollar fine. Last week in the U._S. coming up a new digital tax shakes up big tech and big government on an international scale capital. One knows life doesn't alert you about your credit card. That's why they've created. We know the capital one assistant that catches things that might look wrong with your credit card info catches over tipping duplicate charges or potential fraud and then sends an alert sheer phone helps you fix it. It's another way capital. One is watching after your money when you're not capital what what's in your Wallet See Capital One dot Com for details France will proceed with the digital tax on international tech giant's. It is a monumental tax on your garden variety tech behemoths like Google and facebook. President trump in particular spoke out against this tax. He says that it discriminated against American companies in a tweet he says quote we will announce a substantial. Chill reciprocal action on macron's foolishness shortly. I've always said American wine is better than French wine and quote the tax primarily targets companies that use consumer data to sell online advertising and is intended to stop these companies needs from avoiding taxes French Finance Minister Bruno Lemaire however pushed back against claims that the measure was un-american. We are not willing to target the American companies. We are just willing to have the fair and efficient ah vaccination of digital activities you have important companies which are benefiting from the sale of data huge amount of data and the not submitted to the same level of taxation although companies this. He's not fair and this is not efficient so we want to address this issue and we want to address this issue hand in hand with our American friends as for wine question of digital taxation that our trade stories stories on American wines also traumatize on French or the European wines fact is that during the last ten years has been a very important increase of importation of American ones to Europe. That's in fact the French finance minister goes on to pinpoint the matter as based on the fair taxation of digital activities. You have many huge companies some of the biggest companies of the world having an activities in France or in in Europe without any physical prisons and without being the level of taxes and we want to address that issue and our assessment is that it is in the interest of our American friends in the interest of the United.

Facebook Tech Mega Fund Twitter Google Advertising Sales Vision Fund France Australia Europe Napa Valley California Bruno Lemaire Garay Book New York Australian Competition And Con Japan Softbank Fraud Macron Apple
Apple, Microsoft And Fox discussed on Bloomberg Daybreak: Europe

Bloomberg Daybreak: Europe

00:19 sec | 2 years ago

Apple, Microsoft And Fox discussed on Bloomberg Daybreak: Europe

"And softbank has announced a second vision fund it's aiming to raise a hundred and eight billion dollars making it even bigger than the first investors are expected to include apple Microsoft and the fox called softbank will inject thirty eight billion dollars itself this is part of Masayoshi psalms strategy to extend his reign as the most influential investor in the

Apple Microsoft FOX Softbank Thirty Eight Billion Dollars Eight Billion Dollars
SoftBank to commit $40 billion to second Vision Fund

Bloomberg Businessweek

06:22 min | 2 years ago

SoftBank to commit $40 billion to second Vision Fund

"Arguably one of the most influential investment firms out there right now one of the most influential funds is softbank's right vision fun well they got another one coming yeah this one isn't enough one one one hundred billion dollar fund isn't enough Ellen Hewitt is started reporter for Bloomberg she joins us for our nine sixty studio out gives me in San Francisco so Ellen bring us up to date what's going on with masa and the gang well there's a lot of anticipation in advance of what could be and what our reporting suggests there may be an announcement of a launch of a second vision fund as soon as this week and as you mentioned yeah this would be a follow up to an absolutely enormous hundred billion dollar original vision vision fund which has completely reshaped the way that mentor capital has worked in Silicon Valley and around the world in the last couple years and some details we don't know you know we don't know exactly the size of this potential vision plan to but it does seem like we may be getting is about it soon that's the latest reporting alright just quickly whenever you headline crossing the Bloomberg terminal president trump suing to block the house from getting his state tax returns that's following some action here in the New York State Legislature black that opened up the possibility for that president trump suing to block the house of representatives the US house of representatives from getting the New York state tax returns what more on that as we go along so Ellen let's talk about this because I mean the first find talk to us about the types of investments are they're the kind of money that's often can actually make in a company and what kind of returns how do we know about it that gives it kind of leverage to start a second fund yeah so the first vision fund has been a massive deployer venture capital completely reshape being some of the valuation so we've been Sam in the valley some of its biggest investments include uber which not public and we work in which it has put more than ten billion dollars I believe a serious financial forms over the last two years ash they started investing and we work in twenty seventeen so single handedly the vision fund and other softbank capital can change the valuation of up to the company that they've decided to sort of make as the king of a particular industry so their strategy tends to be to look at an industry say food delivery and decide okay we want to make one of these companies really equipped to wipe out all the other ones and we're going to give them hundreds of millions of dollars if not billions and that is going to be their strategy to proceed forward it's often about growth growth growth in food delivery for example they have put a bunch of money behind door dash and you've seen in the last year during rush is actually moved up the ranks in prevalence of food delivery and and often outstripping other competitors such as post mates that's based on data that you can see from credit card transactions so it yeah they just they tend to exert a heavy hand well and it's interesting to as you point out I mean they they play the role of kingmaker not only owing to size but brand obviously so well known Masayoshi son I mean one of the things that's interesting here too is who's underneath it who's contributing here and you've got some of the names that were in before and presumably are coming back again tell us about that absolutely their biggest backer single backer for the first vision fun was the Saudi sovereign wealth fund put in something like forty five billion dollars it seems like that is anticipated to maybe be a major investor in the second vision fund along with the sovereign wealth fund Abu Dhabi is a big players who are very interested in getting access to some of the returns the division fund has already shown you know we reported that in June the the first vision fund you know my sushi son had already said that the returns are somewhere in the sixty percent range not even having to put all of the capital in the hundred billion dollar somewhere in the they've deployed something like sixty four billion dollars and today they're using that momentum you know it seems like they're using that momentum to then go out and maybe officially start fundraising for a second yeah makes it easier right when you can show this return I do wonder about though the ability for Masayoshi son with the vision find to kind of squeeze out other smaller tech investors because his ability to put so much money behind a company does you know drive up their valuations really has kind of upended the I feel like the investment space and so in the venture space yeah and it we've seen a fax you know we're companies talk about like you know masa comes in and says I would like to give you or you know invest I'd like to buy a four hundred million dollars worth of equity and maybe the company was only looking for half that but the check often comes with a take it or leave it sense so so you see start ups who are maybe not even looking to grow quite as quickly don't must have known for having this incredibly ambitious vision on how quickly companies can grow this is something that that we work COS talked about you know he would lay out his vision of mosses okay dream ten times bigger and and and you can see that a factor also softbank would often come in and write checks that were even larger than the companies had been anticipating raising hi and then yes it has effects on valuations while so many many other pieces have of like discussed maybe not openly but behind doors about the topic of fact evaluations going up there not being any space left in the round so they wanted to invest in it's just when you have something that's maybe an order of magnitude bigger than other funds you're gonna see effects that are are throwing the regular bounce out of whack Ellen Hugh it is started reporter for Bloomberg she joined us from our Bloomberg nine sixty studio and services go talking softbank police to announce a new technology vision find it's second that first one hundred billion dollars and is Alan really nicely laid out really up ending just the way the the investment yeah works in Silicon Valley and beyond a king maker for sure Wilson remember you put at twenty million into Ali Baba and last month the company recorded an eleven billion dollar profit from selling just part of the stakes so yeah those are some

Softbank Hundred Billion Dollar One One One Hundred Billion Do Four Hundred Million Dollars One Hundred Billion Dollars Forty Five Billion Dollars Sixty Four Billion Dollars Eleven Billion Dollar Ten Billion Dollars Sixty Percent Two Years
"masayoshi" Discussed on ESPN Chicago 1000 - WMVP

ESPN Chicago 1000 - WMVP

02:45 min | 2 years ago

"masayoshi" Discussed on ESPN Chicago 1000 - WMVP

"For him all the takeover Lopez was the headliner against the unbeaten Masayoshi knock a teeny tiny I should say Lopez had knocked out as previous five opponents not the case Friday as he did just enough to beat Nakatani winning by unanimous decision Timothy Bradley Joe Tessitore with this post fight perspective I don't care what anybody say he got exposed to nine I don't care about that high difference all that stuff that's that doesn't matter man you fight tall guys I've been finds all of my life hi fi sure guys as well there's no excuse for it you know a fundamentally I saw some fundamental flaws you know that call me a guy like Richard called me to the right hand get hit my right hand and I have to tell you I'm telling you the truth he got exposed mice but not the tiny this simple exact got exposed well so he takes a step forward in terms of his career in terms of opportunity but I use it did not take a step for what he is in the work that needs to be done for Lopez yeah a lot of worries it starts with the corn the it starts with the corner do you believe that there should be a traitor change that dad should not be leading the charge I will say that but I'm just saying a lot of change and a lot of changes strategy a lot of pain with that you know the fundamentals that a lot of changing with just a habit order to get things absolutely it's it's a pattern I saw a pattern from Pune Lopez the night you know what the right hand kept hidden home you know he never was able to make an adjustment you know these little things that that I'm looking at and saying okay fifty is going to move forward we're gonna praise them for nothing guys out we we have to we have to let me know when he's when he's when he's don't always look good on that same core the undefeated previously undefeated maxim data showed was taken to a hospital following its eleventh round loss to the Brill the T. S. C. S. peons Bernardo Osuna reports that he'll have brain surgery due to swelling with doctors trying to reach his wife in Russia more boxing W. B. A. welterweight title up for grabs as that happens later on tonight's super champ Keith Thurman undefeated in twenty nine pro fights regular chant Manny Pacquiao he's sixty one seven two with thirty nine knockouts it's up box pay per view Thurman making fifth defense of his title that he wanted twenty fifteen Pacquiao making the second defense of his title lady one in twenty eighteen Max Kellerman on SportsCenter and how he sees this plane now Pacquiao is one of the greatest fighters who ever lived Thurman's a real good tough fighter to beat he has a lot of things he does it let's say of the plus level but a lot of things and he's the naturally bigger fighter the much younger fighter though not very active recently and he has looked over the.

Lopez Masayoshi
SoftBank mulls IPO of $100 billion Vision Fund

WSJ What's News

00:28 sec | 2 years ago

SoftBank mulls IPO of $100 billion Vision Fund

"Japan SoftBank is considering public offering of its one hundred billion dollar investment fund known as vision fund. And according to the Wall Street Journal launching a second fund of at least that size. The journal reports that vision fund staff is trying to keep up with the spending of SoftBank founder and CEO. Masayoshi sun, SoftBank has invested heavily in tech companies that are also planning for their own IPO's later this year, including Uber and shared co working space. We work

Wall Street Journal Softbank Founder And Ceo Japan One Hundred Billion Dollar
"masayoshi" Discussed on This Week in Startups

This Week in Startups

02:02 min | 2 years ago

"masayoshi" Discussed on This Week in Startups

"Nineteen ninety nine IPO's ninety eight ninety nine two thousand nine P happened in ninety three ninety four when we're talking about the information superhighway, bingo, listen, you talk about and not now you end up with a bunch of companies that have a hundred million dollars. So there's no web so rouser yet. Right. And so you and. Then then what? So you know, you actually see some of these well endowed crypto projects actually investing in the infrastructure, actually in style making investments in the infrastructure, which I think is great. But yeah. So is there a role for venture capitals? You know, we spent a lot of time thinking about how we can be helpful to the companies that we work with and a lot of it is just pattern recognition, and and networks, and, you know, connecting people with you know, ideas or people or whatever, and they still need that. Yeah. Even if the money seems to be free. But by the way, I don't think the money's still free. No, no this. This was like some Mirage. I tried to explain this to some founders who lamenting like that. They didn't get the hundred million dollar Masayoshi sun check, or they didn't get the two hundred million dollar. I see out, and I you know in life. You can see weird behaviors hap-. Even that are the outliers. And then you think that the outlier is something that you're entitled to that would be like me waking up and being like I bought a lottery ticket in I didn't win. But I know somebody who won the lottery is that's not you have to understand fundamentally you're still in a lottery like. Just because some big huge. Well, like mossy issues on comes in and puts a hundred million dollars into a couple of companies doesn't mean that that's the new standard. He's doing something different. That hasn't been done before. What do you think of that impact? You guys have been in business with Masayoshi sun before. As a matter of fact, I knew Masa when Fred was investing with SoftBank..

Masayoshi Masa SoftBank Fred hundred million dollars two hundred million dollar hundred million dollar
Japan's SoftBank steps closer to transformation with mammoth mobile IPO

Bloomberg Daybreak

00:21 sec | 2 years ago

Japan's SoftBank steps closer to transformation with mammoth mobile IPO

"Year. Southbank is seeking to raise twenty one billion dollars with an initial public offering of its Japanese telecom operations, it would be Japan's largest IPO yet which shares expected to start trading on December nineteenth SoftBank founder Masayoshi. Sun is listing the company's cash cow as he transformed. Softbank from telecom operator into a global

Softbank Japan Founder Masayoshi Twenty One Billion Dollars
"masayoshi" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:48 min | 2 years ago

"masayoshi" Discussed on WAFS Biz 1190

"Twenty twenty one is realistic? Or are we going to? This being pushed back again, when I read the interview, what came to mind is this is N B C point. Oh, right. As opposed to two point or which you've seen. So let's face it. What he's saying is he's showing leadership and one admires him for that. So that that is fine. Does he have the parentis absorptive capacity within the Saudi economy towards privatization to the private sector really playing the role that he wanted to play you have ministries and agencies that they can actually carry through the reforms talking about g think he has. I don't think. So I I don't think that prepared you had strong leader who has vision. Do you have the pattern of state to actually do? So this is never happened in Saudi Arabia. We have to understand that. So as an economist, it's not at all surprising that you weren't able to achieve what you have proposed achieve over a very limited period of time can bring back to you in terms of the two big pieces that you wrote about one was about his continued commitment to invest in taking the taking a PIN an investing in SoftBank. They got has got. But there's this almost doubling the title on on the print piece is doubling dying on SoftBank. How important was that part of the conversation that evening or Wednesday night? It wasn't important part. And I think that was also one of the reasons why he decided to come out and make this kind of to open up in this broad way. Because I think they were questioned lots of some of the things that were signed with Masayoshi sun themselves. So he's.

SoftBank Twenty twenty Saudi Arabia Masayoshi g
"masayoshi" Discussed on Motley Fool Money

Motley Fool Money

04:43 min | 2 years ago

"masayoshi" Discussed on Motley Fool Money

"I mean, it's going to be an interesting year. They both go public, but you know, this point even though the companies particularly Uber have had bumps in the road, I don't think you can dismiss the the fact that this is a big market that both companies are doing very well in. We've seen recently the IPO market get a little frothy with companies like survey monkey and event, bright, having these big opening days, does any of that cause any of the people that you've talked to Uber and lift. To want to move up the timeline a little bit. You know, I haven't heard that. I mean, I think there is a sense that you know these, the these management teams had they're kind of work cut out for them in getting the numbers, making the numbers palatable filling out the management teams, you know, and here's where I'm sort of losing track of things. But like this, Uber has hired a CFO. I can't. I can't quite recall where they did. They did earlier in the year. That's right, but, but you know, but that's relatively recent. That's two doesn't eighteen like the had a lot of work to do and they still do. And and so no, I don't think that the current environment and look the economy's doing very well. These companies have raised a lot of money. Nothing you know, sources of private capital have not dried up in Silicon Valley. You know, Masayoshi sun from SoftBank just told my colleagues at Bloomberg today that he's hoping to raise a kind of vision fund every few years. And so I think there's probably. Faith that the market will remain receptive as receptive next year is this year. Let's move over to Facebook and one of the crown jewels of the business being Instagram this week, the founders of Instagram, Kevin system. And Mike Krieger left Facebook, and they had reportedly grown frustrated with Mark zuckerberg's increased involvement in the overall direction of Facebook's brand. And I'm curious what you make of two pretty high profile departures. Yeah. Well, first of all, you know, let let me just say that it's really unusual for startup founders to remain at their companies as long as a system in Krieger habit Facebook, Instagram was acquired by Facebook in two thousand twelve. So the fact that we're still talking about this six years later is kind of amazing to me. I know that's maybe a little too soft on Facebook because it was a terrible time for the happen, kind of kind of an unexpected way that it did. I think look, I think it's a blow for Facebook because what the founders of company like Instagram do is they preserve the spirit of it. They preserve the sanctity of the user experience. Clearly, the tensions were around, you know, Mark wanting to bring it closer into the Facebook portfolio to monetize it more to make the mechanics of photo, sharing more viral. These are things that Krieger and system tried to resist and probably ultimately got frustrated with and look. It's a terrible time for Facebook. You know, all the Chris. About their stewardship of user data. You know the Slota the slowdown in parts of the business, the issue of fake news and and Facebook doing a poor job of safeguarding against extremist or hateful content and countries around the world. It's another blow in a in a year. For Mark Zuckerberg, it's been pretty unrelenting. Do you think that narrative? And I'm speaking of the narrative of Facebook makes an acquisition and at some point, the people involved in the acquisition leave and they leave in a way that's not very quiet. Do you think that narrative hurts Facebook's chances for future acquisitions? Because if I was involved in acquisitions at a company like alphabet, I would absolutely be using this narrative against Facebook. Well, I mean, I think Google doesn't have a much better record. I mean, you know you you and this is the point I was making earlier, you know, you look at companies like. Double doubleclick or YouTube. Those founders left fairly early on. So I mean, if anything, you know, Facebook stutter a better job of hanging on entrepreneurial talent, but then you've got in the same week that the Instagram guys left. You've got Yang Kun the founder of what's up talking to forums about, you know, the the, basically, with some enmity about about leaving Facebook and feeling like it was a poor steward for what's apps principles I at the same time, all these all these entrepreneurs got extremely wealthy, Facebook's acquisition. So I, I don't hurt their potential for for emanate in the future..

Facebook Mark zuckerberg Instagram Mike Krieger founder SoftBank doubleclick Silicon Valley CFO Google Yang Kun Bloomberg YouTube Chris Kevin system six years
"masayoshi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:49 min | 2 years ago

"masayoshi" Discussed on Bloomberg Radio New York

"When SoftBank Masayoshi sun set out to create his vision fund to invest in tech startups. He set a bold target one hundred billion dollars. He's nearly hit that though the funds still hasn't officially closed, but it's already made substantial investments in companies like Uber. We work slack and GM's crews. Now, the Japanese maker says he's going to do it again. And again every two to three years. In fact, he plans to raise another hundred billion dollars. Bloomberg tech, Selena Wang has just returned from Japan where she spoke to Masayoshi sun along with a couple of our other Bloomberg colleague Selena. Thank you so much for joining us. So what was this conversation? Like, it was really fascinating. Because prior to this interview, we had done dozens and dozens of interviews with people very close to Masa and everything we kept on hearing from his deputies was this man has so much conviction. He's bolder than anybody else. I know and speaking to him, you really get that sense. What's really interesting? Is that initially when he was coming up with the idea of this fund? He had thought thirty billion, but then on the plane over right before they were going to pitch to one of their potential LP's. He changed that thirty two hundred billion when I asked him about this. He said, well, hundreds of simpler, number and we need that much capital. Every two to three years to keep up the momentum. That's it. He hasn't hit the target yet. And how does he plan to do this every couple of years? He hasn't hit the target yet. They're very close to closing. They're almost at one hundred billion dollars. They've had a very vast array of these Middle Eastern wealth funds. They've had various companies invest, and he believes that with the IRA our internal rate of return that he's able to achieve these investors are going to want to continue to deploy their capital, but he really doesn't see his find as a traditional venture five. He truly believes that through his investments. He's accelerating. The next revolution of artificial intelligence, which he believes is similar to the revolution. That happened twenty years ago the internet that's how you've got your capital firms traditional venture capital firms breaking up in part because of the new competition Kleiner Perkins. Is splitting the growth fund off from the rest of the fund. You've also got other funds like sequoia trying to keep up and we've interviewed plenty of capitals on the show who say. The landscape has completely changed. There's so much money out there. What does he have to say about some of the criticism? He's three unruffled by the criticism. He says DC's can say whatever they want to say, I have total respect for them. But I'm trying to do something different. But you're absolutely right. I mean when you speak to venture capitalists on background. They are not shy at all about complaining about soft bake some of them. Call them a bully stuffing wads of cash into entrepreneurs they complained that they're raising valuations. I mean, this isn't the first time that venture capitalists have had to deal with an influx of money at the later stages. They've had hedge funds funds Ford money, but the sheer size and scale of what SoftBank doing is rather frightening to a lot of them. You also wonder is it good net net for the technological revolution to be driven by one person or one fund with one set of views. Absolutely. I mean this fund is only a year old, and they've already deployed sixty five billion dollars of capital. And he's high. Hired these nine managing partners under him. And I know she wants increase that number. But for now, they're only nine and it's worth mentioning that. They are all men they say that they're trying to find women to add to it. But yes, it is all men they have not traditional technology or venture capital backgrounds. A lot of them are actually made their name in the banking world. Rajiv Mizra who leads to find he made his name at Deutsche at UBS. He met Masa a decade ago he helped restructure the sprint deal. So it really has yet to be seen what the final outcome of. This is going to be what about the succession plans? He he had Natasha Arora who was supposed to succeed him. And then it sounded like he changed his mind and who is in position to succeed him..

Masa Kleiner Perkins SoftBank Selena Wang Rajiv Mizra GM Bloomberg tech sequoia Bloomberg Masayoshi LP Japan UBS Ford DC
"masayoshi" Discussed on The Vergecast

The Vergecast

01:46 min | 3 years ago

"masayoshi" Discussed on The Vergecast

"Immobile in a very serious way they started doing all their carrier stuff they become a very competitive threat to eighteen thousand verizon obviously drawn ledger their ceo is like a well known public figure he loves talk trash in the background of that softbank the huge japanese conglomerate invested a ton of money in a sprint and literally since then there has been talk of t mobile in sprint coming together in some way so team oh can expand even into more of a threat eighteen verizon from what i can tell there was a lot of back and forth about who would be in charge of this in that finally got resolved and sprint ceo is going to be out he'll end up on the board of the new t mobile t mobile ceo john leger will be the ceo t mobile oh mike seaver will be the new ceo and softbank ceo masayoshi sun will be on the board as well so like if you just start with all of that you have is almost a decade ago sprint made the wrong bet in his never managed to recover in a serious way t mobile was prevented from failing into at and they became competitive instead because we want four national carriers and now t mobile saying we'll sprints gonna fail we should buy them in i can't quite wrap my head around if that's good about like there's only three carriers of sprint goes bankrupt right so what are you gonna do you might as well t mobile come more competitive but at the same time the entire rationale for not letting at t by t mobile was that you wanted for national competitive carriers but there's the fact that it doesn't feel to me the sprints competitive right now.

verizon ceo softbank mike seaver sprint t mobile john leger masayoshi
"masayoshi" Discussed on This Week in Tech

This Week in Tech

02:21 min | 3 years ago

"masayoshi" Discussed on This Week in Tech

"Masayoshi son who's got eighty percent ownership stake of sprint met with president trump last year we seem to be in a generally positive less regulation type of an administration but the telkom you look at the time warner merger that's hitting some roadblocks a what's your sense of this anything from sort of the government side of whether you think this will actually go through and get approved one of the things we have lavera beginning with my campaign is we said we are not going to take money from telecoms which is very popular in congress like look at who bryson has donated to and it's going to be a lot of people the reason for that is it's as you say like there's a lot of pressure they are from the government side to kind of bring all of these together and they are taking advantage of basically the republican takeover of all three houses branches of government to basically get this put through i agree with you i think this is ridiculously consumer hostile i understand there's a bandwidth argument going along with it that they're using is kind of a pretext but even going beyond the consumer argument i think there's an innovation argument that's really worth talking about here when you have three companies there's really not an incentive to innovate not with the services for your phone not from a cybersecurity perspective and a really worried that that lack of competition is really going to make america just simply less competitive it's going to add to this environment where you can't even have new companies coming along and a getting you know market share in an environment like the so i'm one hundred percent against it i don't think it's good for consumers i don't think is good for the economy and i would definitely vote against it if i were able to add up playing on re with you bree i actually that's what happened in canada's well is that they fought against having new companies come in to use the infrastructure they were against it even though like we all pay our taxes for the infrastructure in being able to take care of it but they've actually stopped new companies and competition from coming in which again hurts the consumer as well to to play the opposite.

Masayoshi sprint telecoms congress bryson canada president warner america one hundred percent eighty percent
"masayoshi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:37 min | 3 years ago

"masayoshi" Discussed on Bloomberg Radio New York

"You're listening to bloomberg business week with carol massar and julia chatterly from bloomberg radio the bloomberg fifty special addition of the magazine focusing on that people who define 2017 in this segment we hear about the founder of softbank masayoshi son bags executive editor of global tech tom giles profiled the billionaire and he joins us now tom masayoshi son often described as a visionary it's not a surprise to me that he made off top fifty absolutely not i mean this is a person who just a couple of years ago was on the verge of retirement and then he announces this audacious plan to invest one hundred billion dollars of mass this fund with the help of the saudis abu dhabi apple foxconn qualcomm get this group of investors to put together a refund of a hundred billion dollars that they say is going to invest in the future of technology so everything from autonomous driving artificial intelligence the internet of things this idea that everything is going to be connected to each other they want they believe in this idea of the singularity where technological advances are happening so quickly they're enabling machines to be as smart and is capable as humans so this is a person who is really believes that he is gonna that he's going to shape technology for many years to come and noxious decades but he's talking about this three hundred year plan he wants to set up softbank to be company that some valuable vets and viable for hundreds of.

carol massar founder executive editor tom giles qualcomm artificial intelligence softbank bloomberg julia chatterly tom masayoshi one hundred billion dollars hundred billion dollars three hundred year
"masayoshi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:57 min | 3 years ago

"masayoshi" Discussed on Bloomberg Radio New York

"To a consortium of gawk capital partners and goldman sachs the selling price between two and a half and three billion us dollars so it's a it's a big sale the god goldman consortium beat up bids by blackstone kkr and some mainland chinese investors as a look at the media doug to you but i'll i'll take it from here let's disheveled across markets right knobs the equity markets are bid were still waiting for bitcoin but obviously were of getting overly excited i i would imagine so 95 on ninety nine thousand nine hundred fifty let's put it that way of course is our current price meant to be strict about at nine and four two on the bloomberg spt of course is your ticker for that one right so let's pivot the conversation right now to talk about the sort of big stories of at this week of course yesterday day coming out of japan this this this headline on softbank lowballing would you wanna call it down round for uber forty billion dollars of course that's the price at which the a single valuation of uber would be at if of course the investors to decide to sell two masayoshi son in company uh at that practice bringing development he's here with us in the studios of i'm looking at the headlines are on your piece today forty eight billion over would be slightly less insane what he say that uh well as a column written by my colleague outlive i'll around in europe and basically he's he's the argument which is saw what a lot of people saying is that you know the 60 billion valuation from the previous round was pretty heavy and what you've got to remember is that it doesn't just end that that loss valuation then if you're going to an exit which in this case would have to be an ipo he needed upside right if you want to take that tournai p are you looking for fifty percent upside may be 100 percent if you're lucky may be down to thirty percent so really what you're saying it a 60 billion valuation is while we actually think this is what one hundred billion and so this heck out that softbank kazakh bisoli force them into taking has brought back down to a a.

goldman sachs equity markets bitcoin japan europe softbank goldman blackstone kkr doug bloomberg softbank lowballing forty billion dollars thirty percent fifty percent 100 percent
"masayoshi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:45 min | 3 years ago

"masayoshi" Discussed on Bloomberg Radio New York

"Groso now we're going to get back to a conversation between david rubinstein cofounder of the carlyle group host of the bloomberg television show purity conversations uh softbank founder and ceo masayoshi son you're number one of your question the perfect california berkeley this but we were there i understand you were not being of students so much you were doing business on the side well i was a good students i i said in a five minutes i would allow than study after i want to on ten thousand than upon months and i will allow me myself five minutes a day i ask france is isn't a good job that igf on ten thousand dollars in five minutes a day true my friend said you're crazy seem basran nothing like that you want to sell drive no no i don't wanna do that so i said ave what is the best most efficient use of my time it's invention invention and i have to fire pattern if i get the pattern by five minutes if i focus again come some i appear again idea so i set an alarm clock five will grow five minutes dictate in five come eventually com i did that work while he worked you invented a machine that helped people translate language has yet that was electric the first election dictionary the many student use electing dictionary the first one ever made was by myself burst electric dictionary yes and you saw it too sharply shop and you make a lot of money yeah lump on seven million dollars so what did you do at one point gm wa i use to stab softbank why should so you do moved back i did i did one more prosaic amid another one point five minutes so i made three point two media in eighteen months so that is better than ten thousand that up a months right as told that to my friend luke i got three point two million that us and i kept walking only five minutes a day as a as a promise you but then airport graduated you made these successful invention she moved back to japan why did you move back to japan not that it's not a great place to move back to your valley area why not stay there i created a.

california france gm luke david rubinstein carlyle group bloomberg softbank founder and ceo japan five minutes seven million dollars ten thousand dollars eighteen months
"masayoshi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:44 min | 3 years ago

"masayoshi" Discussed on Bloomberg Radio New York

"Also uh now we're going to get back to a conversation between david rubinstein cofounder of the carlyle group and host of the bloomberg television show 'peertopeer conversations and solve founder and ceo masayoshi son their number one of your question john california berkeley this but one you were there i understand you were not being of students from what you were doing business on the side well i was a good students i said in a five minutes i would allow other than study i have to make money i want to on ten thousand dollars per month and i will allow me myself five minutes a day so i asked my friends is in the good job that igf on ten thousand dollars in five minutes a day true my friend said you're crazy it's impossible nothing like that you want to sell drag so as i don't wanna do that so i said okay what is the best most efficient use of my time it's invention invention and i have to file pattern if i get the pattern five minutes if i focus and can some idea i can make some idea now i set an alarm clock find will grow five minutes dictate in five minutes com eventual car i did that and it worked it worked you and a machine that helped people translate language has yet one was the electoral dictionary the first elected dictionary the many students use 'electorate addiction the first one ever made was by myself first electric dictionary guest in you shoulder to sharm sap and you made a lot of money yeah lumpens seven million us uh now what did you do with one point seven million them well i use to stop softbank so you move back i did i did one more prosaic amid another one point five minutes so i meant three point two median in eighteen months so that is better than ten thousand that up a months right i told that to my friend brooke i got three point two million that us and i kept working only five minutes a day as a as a promise you but then epi graduated in you made these scharping successful inventions she moved back to japan why did you move back to japan not that it's not a great place to move back through but you're in silicon valley area why not stay there i.

carlyle group berkeley softbank brooke david rubinstein bloomberg founder and ceo sharm sap japan five minutes ten thousand dollars eighteen months
"masayoshi" Discussed on KBNP AM 1410

KBNP AM 1410

02:13 min | 3 years ago

"masayoshi" Discussed on KBNP AM 1410

"They had prior then with you would think with all that behind them they could have made this deal happened if they really wanted now i get the sense that may be masayoshi son is looking at other things maybe he'll bring in sprint ticket private that's a possibility i guess they already on eighty two percent of sprint you think there's a grand plan harrity think that he just sort of ended up chestbeating announced left trying to figure out what to do next will there there is probably no greater more famous grand thinker than masayoshi son i mean he had he's the i wrote about his three hundred year plan and who would succeed him and and have things would go in terms of technology for the future japanese more in profit yeah yes you could say that sure the one of the things i wanted just understand is what are the assets that sprint has right don't they have decent spectrum they have the most spectrum of any you're in the us soul okay so that's a that's an asset if this is a grand vision can't they just admit that this was a grand vision that failed and get on with making it a competitive viable company i mean how does the company go from being you know i mean you look at things like word we talk about general electric and the effort that the john flannery is making their to change the way the company does it's busy in but if you've got some decent assets why not trying to capitalize on them ms it maybe they need new management may be masayoshi son isn't the person to do this well we do have a distinct disadvantage because they don't have enough customers they don't have enough revenue coming in to current late right currently to invest in the network the way they should to take it to a superior level using all their airwaves this has been their plan for a while they just haven't gotten there and now with less help from a merger they'll have even more difficult road on the front where does charter fit into this because charter shares rise today with the idea that perhaps sprint would revive five talks with them how realistic is that and what would that kind of that term acquisition what would that look lang right it it's such as its drainage courtship we've heard from various sources that.

us john flannery sprint eighty two percent three hundred year
"masayoshi" Discussed on Software Engineering Daily

Software Engineering Daily

02:00 min | 3 years ago

"masayoshi" Discussed on Software Engineering Daily

"Is the robot you will go to japan these these you go to all the softbank source uc at borovo that's actually has software the hud response to your emotions and tries to be your customers of his representative and of course epa has been used as a barista in espresso in one of the tokyo cafes heirs have been used as a banking assistant so you should go in check it out eight so does a humanlike robot as a human is really a robot nonhuman light yet basically but i i guess this is where our softbank recently has bought boston dynamics and shelf which i think they're trying to reclaim the leadership by in robotics from the us because guga had one or some of these top robotics companies now right so so so robotics was originally led by toyota right ryan japan yeah i'll tell you panasonic and toshiba but what softbank is the at the site of the investment arm so in the after the dotcom crash masayoshi son didn't give out so he went to invest alibaba at four hundred millon nicky and he got a return back at fifty six bill into the that particular as says they he invested in alibaba's with ninety billion so you you you have to think about one thing about how far fight but he was at that point in time rain late in he did a law interesting investments in in in technology companies not just in asia but also in the us as well so the vision fund that he did the ninety three billion dollar vision fun these basically i think one thing to masayoshi son poyton it's ninety three billion confront hurricane andrew golota who is now raising the second fun to that which is probably in one hundred billion but i think what he wants to do is to accelerate southern technology adoption in move to a single authority i think he likes die very all of them.

japan andrew golota alibaba toshiba panasonic ryan japan toyota tokyo epa representative technology adoption asia technology companies guga us boston dynamics softbank ninety three billion dollar
"masayoshi" Discussed on Decrypted

Decrypted

02:15 min | 4 years ago

"masayoshi" Discussed on Decrypted

"And i believe that fake ban is going to be even bigger with i o t n singularity one of the futuristic dreams so be investing in will be the integration of computers in humans known among enthusiasts as the singularity the tip is gonna sit here membranes intelligence and that to be connected with wireless in connected in the crowd for set by intelligence mccurry eliezer ideas once thought of perhaps still thought of science fiction i can i think they're still many technological practical and perhaps cultural barriers to the vision still though in japan masayoshi son is one of these larger than life household names that everybody knows right that's right he's the second richest manager panties worth about fourteen billion dollars now his company softbank is mobile operator bros was a huge investment portfolio stakes in hundreds of companies back yahoo early on along with a bunch of early technology companies his biggest hit so far has to be ali baba he put in an initial investment of about twenty million dollars and has grown to be worth more than ninety billion dollars you've had a keen eye for what might be a successful investment this this was masa talking to charlie rose in two thousand fourteen yahu japan when this the most recent olive up alibaba is gonna be youth payday it'll be one of the largest ipo's around yep we're lucky oh yeah unilac once in a mood masayoshi son group on kyushu which sits at the southern end of the main islands of japan is family come from korea in his heritage made his early years difficult right frauds reputation for being such a plate country japan is also a really difficult place to be as an outsider even more so if you come from china or career which both have long troubled histories with japan.

softbank technology companies ali baba japan alibaba kyushu korea china yahoo charlie rose fourteen billion dollars ninety billion dollars twenty million dollars