Longtime Silicon Valley hands are still aghast that an investing firm can find a way to pour $100 billion into technology companies like SoftBank’s Vision Fund hopes to do.
But the Japanese conglomerate disclosed late Tuesday that its giant investing funds had already appropriated just under 40% of its pool of cash. That should quiet some critics who say it is impossible to spend that much money that quickly.
The Vision Fund and its companion, the $6 billion Delta Fund, invested $27.5 billion through the end of last year, according to a new quarterly earnings report from SoftBank. When you throw in the $7.7 billion invested in Uber and $4.6 billion in Didi earlier this year — “significant subsequent events” in the parlance of the report — the funds have spent $40 billion of their eventual $106 billion pool.
SoftBank chief Masayoshi Son held up the Uber deal’s size as an example of how his firm had changed the game in Silicon Valley.
“$8 billion for one investee — which is probably impossible for a traditional venture capital [firm] to make,” he said, noting that many rival funds have $1 billion or smaller to invest. “We invest in unicorn companies that [are] the leader of a certain segment.”
Not all of that $40 billion is from new investments. Several deals struck by SoftBank are being “offered” to the Vision Fund, most notably a 25% stake in Arm Holdings, the British chip company. That’s $8 billion of the fund right there.
The Vision Fund has upended tech investing in Silicon Valley by chasing after some of the sector’s flashiest companies — a phenomenon that has at times both frustrated and amazed rival investors. The fund, which is backed heavily by sovereign wealth funds in Saudi Arabia and Abu Dhabi, has bought ownership stakes in companies like Slack, Fanatics and WeWork. It also has invested in some public companies like Nvidia.
A total of 26 companies are as of now part of the Vision Fund, according to Son, all of whom he says are “the no. 1 players.”
There’s no signs that he is slowing down. SoftBank on Tuesday announced that it would try to separate the company’s investing and telecommunications arms, which could allow Son more time for dealmaking.
The Vision Fund, which has raised about $92 billion of its $100 billion target, expects to close in the second quarter of this year, the earnings reveal. The fund launched last year and is planning to invest its enormous sum in its first five years.
It’s making quick work.
4 Tips to Lead a Successful Business Management
All organizations want to find and maintain the first level talent that combines with their company culture and their drive to succeed. Successful companies do it, just as you can by actively managing your talent. If you want to know more information about business management you can check at Zoe Talent Solutions
Its people are the most important asset for the achievement of organizational objectives, so it is essential that they are very committed and consistently perform their work in the best possible way, but this requires effort.
Knowledge of why you need a solid talent management strategy is an issue, but how do you create one?
We have identified four steps to give your organization a competitive advantage, from attracting, developing, and managing talent to assess the success of the strategy.
Interviewees should always make the first and last impression, but is your company doing the same? When you attract talent outside your organization, if you ask the following concerns, it can be helpful to formulate a solid plan:
How do potential candidates observe your organization?
What is the impact of your employer’s brand? Is it easy to remember, unique and evocative?
Does your company’s culture match the high standards of the superior talent you want?
What do your existing employees say about your company? Do they act as true ambassadors? Internet sites like Glassdoor are important for this.
Share the history of your company culture. Being transparent creates trust and guarantees that your employer’s brand is authentic. Share real stories of employees to offer insight into the core values of your organization. Use your career page, social media and blogs to convey the message. Feel proud about staff comments.
When you focus on talent development, you should avoid taking a passive approach and assume that your workforce will be happy where they are or that they will approach you when they are ready to develop.
As indicated above, there must be proactivity on both sides, but an organization must have processes in place to encourage employee participation and commitment. Development and learning can take different forms, including: ”
- Combined learning
- Job Training
- Formal education courses
- External conferences / workshops
- Online learning courses
The use of Thomas Tools for the profile of your workforce allows you to explore and plan the skills, strengths, hard and soft skills and training needs of each person.
They open opportunities for managers to modify their styles for the preferences of their team members, and delegate projects that will maximize each person’s opportunities and strengths.
Assigning tasks to the most skilled or qualified worker means that they will be more satisfied in their role, increase productivity and commitment and, in turn, the organization as a whole will benefit from a happier and more productive workforce, which has more Probabilities of staying and progressing in the organization.
Effective talent management must be aligned with your business objectives, which will boost the quality and quantity of the talent you need. Investment in the management and development of leadership will positively affect hiring rates.
Managing talent include:
- Teamwork skills
- Communication skills
- Change management
- Conflict Management
- Emotional intelligence
Talent Strategy Evaluation
Move away and review the effectiveness and impact of talent management on your organization. This demands quantitative as well as qualitative data that is reliable, valid and robust; It is necessary to guarantee investment in the achievement of organizational needs. Focus on the analysis of hiring rates, engagement survey results, 360 employee results and 1-1 review forms.
Apple joins streaming market, says can coexist with Netflix
Far from being a Netflix Inc killer, Apple Inc envisions its forthcoming Apple TV+ streaming service as one that could sit alongside other services that viewers buy, Apple Chief Executive Tim Cook said on Tuesday.
Apple in March said it will launch a streaming service with original content from big names including Oprah Winfrey and Steven Spielberg. It plans to spend $2 billion on programming but has not said how much the service will cost.
Investors are keeping a close eye on Apple’s television efforts because subscription services are an increasingly important part of its financial results as iPhone sales decline.
Apple is entering a crowded field, including Walt Disney Co’s $6.99 per month service launching this fall. At the other end of the price spectrum, Alphabet Inc’s YouTube this month said that it was raising the price of its YouTube TV online service, a cable-like bundle of more than 70 channels, to $49.99 per month.
On a conference call with investors on Tuesday, Cook indicated that Apple will not try to give viewers everything they want.
“There’s a huge move from the cable bundle to over-the-top,” Cook told investors during a call on Tuesday, referring to streaming television services delivered over the internet rather than a traditional cable service.
“We think that most users are going to get multiple over-the-top products, and we’re going to do our best to convince them that the Apple TV+ product should be one of them.”
Apple Watch helps save 80-year-old woman in Germany
The ECG feature on the Apple Watch Series 4 gets the lion’s share of headlines about potentially life-saving incidents. However, it’s the wearable’s fall-detecting ability which is the hero of the latest story of this kind.
In Munich, Germany, an 80-year-old woman fell in her apartment. Fortunately, her Apple Watch recognized what had happened and called emergency services.
“The watch transmitted the coordinates of the accident scene. The police used the data to identify an address to which an ambulance had been alerted. The ambulance crew found that the door was locked and the retiree could not open it. Then they called for the fire department, which opened the apartment door by force. During this action, the smartwatch alarmed the son, who had deposited his phone number as an emergency number. Since the woman was not injured, the ambulance crew cared her only until the arrival of the son. He took over the further care.”
This isn’t the only similar story of this kind that we’ve heard. Earlier this year, a 67-year-old man in Norway was home alone when he fainted and suffered a hard fall in his bathroom. Luckily, he was wearing an Apple Watch Series 4, which alerted first responders.
Apple Watch fall detection
Fall detection was introduced as a feature with last year’s Apple Watch Series 4. It uses data from your device’s accelerometer and gyroscope to identify when users have suffered a fall. When an incident like this happens, the Apple Watch will then initiate a call to emergency services. If the user is unresponsive after 60 seconds, the emergency call is placed automatically. Your emergency contacts will also be notified and sent your location.
For anyone with elderly relatives, this could be a massive game-changer. It’s the kind of technology which truly justifies owning an Apple Watch. Check out Apple’s video about the feature below.
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