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Hello. This video is the second part of the story of Maceiรณ x AM, the craziest billionaire who ever lived. If you haven't watched the first part yet, click on the card above to come back here later. Regarding his health problem, he became convinced that he needed to act even faster and crazier, since he couldn't take any time for granted.
In the mid-90s, SoftBank had 800 employees and a billion dollars in revenue. The mass-market company went public, which led to raising even more money. The software distribution was successful, but it wasn't enough for the masses. He had such a clear vision of how technology would change the world that he started investing in other technology companies and became known for making audacious business bets.
For example, he threw millions of dollars into a new company called Yahoo, valued at $40 million. When the company had its ERP, or a few months later, it was valued at $808 million, which meant that SoftBank had a turnaround in just a few months, but was building a war chest. But he never sat on that money; he always...
The king immediately invests in something new, just as you will invest in your knowledge by liking this video. In the late 90s, SoftBank was a giant conglomerate that was basically acting as a venture capital firm. At that point, SoftBank's main business was its venture capital fund; it wasn't selling anything anymore, it was just buying other technology businesses that Massa believed in.
For example, in 1998, he put $400 million into Trade, which was basically a platform for selling financial assets. The deal was made after a single phone call with its founder. In the late 90s, Massa invested $3 billion in 800 technology startups, and SoftBank employees were struggling to keep up with everything Massa did, which was meeting with 200 entrepreneurs every three months to try to find the next big opportunity.
Now, of course, all the investments were successful; many of them failed, but Massa had come to an important conclusion: a big winner can mask all the other failures combined, and that you don't need to be right with every investment as long as you have some big successes. And in the year 2000, that's exactly what happened when Massa did what is...
Considered the best venture capital investment of all time, he heard about a Chinese internet company called Agmar, claimed to love what they were doing, and the founder initially said he didn't need any investment. But Massa was persistent, even though the company only had a few employees. Massa sensed enormous potential and said he saw a gleam in the eyes of the people he was born to be.
He revealed that he could build something incredible. They agreed to a deal for Softbank to invest $20 million in the company, and this stake would later yield over $70 billion in the same year. Massa raised the largest Japanese investment fund of all time, which he began investing in hundreds of internet companies because he believed the internet was the next great phase of technology that would transform the world.
You should definitely subscribe to this channel now. The New York Times began calling Massa the Bill Gates of Japan. In fact, for three days in the mid-2000s, Massa surpassed Bill Gates as the richest man in the world, but then the dot-com bubble burst, the market crashed, and Massa lost $70 billion more in wealth.
More than any investor has ever lost in history. If you thought this would slow things down, think again. Massa spent the next decade taking even more risks and betting even higher. In fact, he's sometimes described as a Wall Street gambler, but actually, he has a lot of money to spend. In 2001, Sam Massa managed to get into the Japanese broadband business after breaking into the Japanese government's communications office, yelling, "This is Finn!
If you don't help me, I'll throw gasoline on myself and set myself on fire!" But then there was broadband service in Chappa for half the price of competitors, and even then, he lost hundreds of millions of dollars. But he believed in the future that they would be able to profit by offering complementary services, although he was very vague about when the business would actually be profitable.
He had women in striped miniskirts handing out free templates on street corners in Tokyo. He had many projects. The focus was simply on rapid growth, and market share looks would come later, although many people were skeptical. But clearly, Massa's blind faith on the internet was absolutely correct.
However, by 2007, Massa had already identified what... He believed that the next big wave of the internet would be the shift to mobile phones instead of PCs, so Massa called another hero, his Steve Jobs. Massa told Steve about an idea for a mobile phone that was more like a mini-computer, but Steve told him that Apple was already working on something called the iPhone.
Massa got excited and asked if he could get exclusive rights to sell it in Japan. Jobs reportedly said, " Massa, you're probably crazy because we haven't even publicly announced that we're developing the iPhone and you haven't even posted to a mobile operator in Japan. So how are you going to sell it?" But Massa simply said he would buy a phone company, and sure enough, Massa soon took on more debt to buy Vodafone Japan for about 20 billion dollars.
So, because of his persistence, Massa now had the right to sell the iPhone in Japan, and this deal meant he could sell a huge number of contracts for the phone. Because everyone was eager to try the new iPhone, and as always, Massa offered extremely low-cost deals to dominate Max Scheler while Massa was still investing in a variety of other technology businesses as a company.
In the robotics field, which creates robots with the capacity for human emotion, he frequently spoke about his 300-year vision and how in the future Soft might well be a telepathy company. He even suggested that perhaps speaking to anyone would be possible. But while Masa was buying companies at a pace most investors couldn't even dream of, he still wanted more.
It wasn't enough for his ambition. In fact, he lost some deals he wanted because the money was tied up elsewhere. For example, he had a meeting with Jeff Bezos about investing in Amazon early on, but Masa couldn't read "That 's enough" quickly enough, so he lost a deal. Desperate not to lose the next one, Masa realized he needed a real war chest, all the money he would never have again, and so he had the idea for a $100 billion vision fund of venture capital funds, which was more than four times larger than any other fund in history.
Now, if you're thinking that raising $100 million is a bit complicated, normally you'd be right, but luckily for Masa, something interesting was happening in Saudi Arabia. The country was incredibly rich because of its oil, but when the world started shifting to energy... Renewable. It became clear that they needed to change their condominium, becoming less dependent on oil.
That's why you should check out Eduardo Aquino's channel and learn all about solar energy. Go there! So, Mohamed Saleh, the Prince of Saudi Arabia, was ready to invest his wealth in other areas. He wanted to channel oil money into large, long-term investments, and therefore, who better to turn to than Massa, whose reputation was for betting high on the future?
They knew Massa's track record and wanted his help to find the next big tech giant. So, Massa went to meet the Saudi prince to see if he would invest in his Vision Fund. During the flight, Massa looked at the presentation his team had prepared and casually changed the amount they were asking for from 30 million to 100 billion.
"We have to aim higher!" Massa reminded his team. Right? In 45 minutes, Massa secured an initial investment of 45 million dollars from Saudi Arabia, which would be placed in the Vision Fund. Softbank also put in some of its own money, along with money from Abu Dhabi and even some money from companies like Apple and EA Fox.
With Massa, he succeeded in his goal of raising an incredibly huge fund. $100 Billion, you see the purpose of the fund is simple, but he believes that society is approaching singularity, the point of Artificial Intelligence transcending human intelligence, but he was right about the previous waves of personal computing, software, then the internet, smartphones, and now he believes that the next big change will be artificial intelligence.
I already know you're going to write in the comments that this man was crazy, but as always, when Massa commits to something, it's all or nothing, high risk, high return, it has always been his mentality. Massa himself said he hopes to be remembered as the crazy guy who bets on the future and doesn't care what people think of him.
I find it difficult to argue with that. To keep this video from getting too long, there's a third part. Like it at the end of the video. Don't forget to subscribe to the channel to be notified of new videos. Hello, hello! What's up?
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