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Softbank is BigOil money.
by zoobab 2y ago
Softbank is BigOil money.
- alephnerd 2y agoWrong. It's telco money - SoftBank Group is primarily a telco vendor and provider, and works closely with NEC, DoCoMo, T-Mobile, Vodafone, and Airtel. SoftBank Vision Fund is a separate subgroup of SoftBank targeted at VC, and was largely operated and managed by ex-Deustche Bank alumni due to Rajeev Misra and Colin Fan poaching their colleagues like Ziyad Al-Ashaikh (the guy who helped land the Saudi PIF deal), Akshay Naheta, Munich Verma, Saleh Romeih, etc
- Havoc 2y agoThe fund LPs are definitely oil heavy so wouldn’t say he’s wrong
- alephnerd 2y agoIn Vision Fund yes, but Vision Fund is just a part of the larger SoftBank Group, and did NOT partake in this transaction. This was a transaction done by SoftBank Group directly. And much of Vision Fund's MENA LPs would leave if a couple key Vision Fund partners were to leave - they did the same with Desutche Bank.
- alephnerd 2y ago^ Munish not Munich Sorry dude!