PACIFIC for April 16: SoftBank goes hard

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What’s fresh: The Top 100 Venture Capitalists per CB Insights: 1. Bill Gurley, Benchmark … 2. Steve Anderson, Baseline … 3. Joshua Kopelman, First Round … 4. Alfred Lin, Sequoia … 5. Brian Singerman, Founders Fund … 6. Jeffrey Jordan, Andreessen Horowitz … 7. Rob Hayes, First Round … 8. Ravi Mhatre, Lightspeed … 9. Mary Meeker, Kleiner Perkins … 10. Jeremy Liew, Lightspeed … First-time appearances: 41. Shawn Carolan, Menlo … 79. Albert Wenger, Union Square … 80. Meyer Malka, Ribbit …

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What’s Next: NYT’s Jack Nicas: “Investors, bankers in addition to analysts said they expected a wave of initial public offerings to bring some of the most highly valued in addition to recognizable start-ups to the public market over the next 18 to 24 months…”

Today’s PACIFIC

Great morning. We’ll keep that will short.

The Week Ahead:

• Netflix: Earnings are today. My colleague Jordan Valinsky says Netflix is actually expecting a 40% increase in sales in addition to a 60% jump in profit compared to a year ago, plus 7.5 million fresh subscribers since last quarter.

• AT&T-DOJ: AT&T CEO Randall Stephenson in addition to Time Warner CEO Jeff Bewkes are supposed to testify This kind of week in defense of their $85.4 billion merger.

• Cybersecurity: The RSA Security conference kicks off today in San Francisco. Microsoft in addition to others plan to announce a fresh “Tech Accord” to protect users, while an fresh IBM Harris survey shows only 20% of Americans trust tech companies with their data.

Tokyo Drift: SoftBank shakes VCs

What’s Next: SoftBank’s $100 billion Vision Fund has radically driven up financing for startups in addition to forced additional VCs into unwanted bidding wars. in addition to that will is actually just getting started out: So far, Softbank has invested just over one-third (roughly $36 billion) of its fund.

The Shake Up:

• WSJ’s Eliot Brown: The cash injection is actually “causing deep-pocketed global investors — in addition to some US venture firms — to arm up in response. … Sequoia Capital … is actually from the process of raising up to $13 billion, including an $8 billion fund for late-stage companies.”

• Saudi Arabia in addition to Abu Dhabi, the two primary backers of the fund, are also increasing direct investments into Silicon Valley startups.

• More than 100 US startups raised at least $50 million each in Q1 of This kind of year, the highest number on record, according to Pitchbook.

The Latest:

• SoftBank investment Ola has unveiled plans to deploy 1 million electric vehicles across India. We wonder how that will news is actually going over at Softbank’s additional big auto investment: Uber.

• SoftBank has expressed interest in Tronc, per Axios’ Dan Primack.

What Bill Gates is actually reading

The Economist launches Open Future: “Amid anger over inequality, immigration in addition to cultural change, basic elements of the liberal credo, coming from globalization to free speech, are assailed coming from right in addition to left. … So we have launched Open Future, an initiative to remake the case for liberal values in addition to policies from the 21st century. … The initiative will culminate in a global event, the Open Future Festival, held simultaneously in Hong Kong, London in addition to fresh York on Saturday September 15th.”

The Ad Game: WPP post-Martin Sorrell

Valinsky emails:

Martin Sorrell’s decision to step down as CEO of WPP has raised fears about the longterm strategy for the entire world’s largest ad agency. The move comes two weeks after WPP launched an investigation into alleged misconduct by the 73-year-old:

• WPP shares are down nearly 7%.

• Sorrell to staff: “As I look ahead, I see that will the current disruption we are experiencing is actually simply putting too much unnecessary pressure on the business.”

• Bloomberg’s Joe Mayes: “[T]he sprawling network of agencies faces its biggest challenges since the global financial crisis. … His departure … puts into sharp focus WPP’s omissions in grooming a successor … even with shareholders long flagging the issue.”

• Egyptian telecom magnate Naguib Sawiris: “He’s created a success story that will is actually very difficult to replicate. … This kind of is actually not the kind of guy you can replace in addition to think the next CEO will do a Great job.”don in addition to fresh York on Saturday September 15th.”

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El Segundo Times: L.A. Times to move

Some quick local news: fresh Los Angeles Times owner Patrick Soon-Shiong abruptly announced Friday that will he is actually moving the paper coming from its historic art deco building in downtown Los Angeles to the westside suburb of El Segundo.

Staffers I spoke with over the weekend said the news had left the newsroom stunned in addition to anxious about what that will might mean for the identity of the paper, as well as their daily commute.

What Soon Shiong is actually telling staff: The move puts the Times closer to Silicon Beach in addition to to Los Angeles International Airport, which is actually the gateway to the entire world.

What staffers are telling us: This kind of is actually a radical cost-saving measure that will could kill morale.

Bonus for the DTLA crowd: “Potential 2020 hopeful Eric Garcetti makes debut in Iowa” by the AP’s Thomas Beaumont in addition to Bill Barrow.

Dub Shot: NBA Playoff watch

Three things we learned coming from NBA Playoffs opening weekend:

1. James Harden is actually unstoppable. He had 44 points last night in addition to was 7-of-12 coming from 3-point range. Charles Barkley, last night on TNT: “Harden, to me, might be the most unguardable player I’ve ever seen.”

2. OKC’s hopes rest on Westbrook in addition to George. The Ringer’s Jonathan Tjarks: “Everything in Oklahoma City depends on Westbrook in addition to George, since the mix around them is actually far coming from ideal.”

3. The Milwaukee-Boston series is actually the fresh “Game of Thrones.” Binge that will.

Tonight: Heat vs. 76ers at 5pm, Spurs vs. Warriors at 7:30pm. TNT.

What Next: Jon Caramanica reviews Beyoncé at Coachella.

See you tomorrow.

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CNNMoney (fresh York) First published April 16, 2018: 12:05 PM ET

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