Deep Nishar, the former head of SoftBank Group Corp.’s $100 billion Vision Fund, has landed at General Catalyst.
Nishar, who annonunced last month he was leaving SoftBank, remains close to Masyoshi Son, the Japanese conglomerate’s CEO, and talks to him almost every day, he told the New York Times. He’s proud of what he did at the Vision Fund, he said.
“Four years ago, no one believed you could build a $100 billion investment platform,” he told The Times.
Nishar and SoftBank made waves in Silicon Valley by investing hundreds of millions — and sometimes billions — of dollars in relatively young startups in an effort to crown winners in particular sectors. In recent years, as some of the fund’s bets turned sour — most notably its investment in WeWork Companies Inc. — several of the fund’s top executives have left.
Here’s more Bay Area venture and startup news at midweek:
The Silicon Valley Business Journal recognizes the philanthropic efforts of Silicon Valley by its businesses and nonprofits with our annual Corporate Philanthropy Awards.
Our C-Suite Awards recognize Silicon Valley’s top executives for their contribution and commitment to the community and their outstanding professional performance.
© 2021 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/21) and Privacy Policy and Cookie Statement (updated 7/20/21). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals.