A side-by-side comparison of two AI investors: SoftBank Vision Fund (Power Score 82/100) and TCV (Power Score 81/100), both ranked among the most active firms tracked in this category.
| SoftBank Vision Fund | TCV | |
|---|---|---|
| Power Score™ | 82/100 | 81/100 |
| Assets Managed | $175B (platform assets, 2022) | ~$24B raised since inception |
| Founded | 2017 | 1995 |
| Headquarters | London, UK | Menlo Park, CA |
| Sectors | AI, Enterprise Software, Consumer Internet, Logistics, Cybersecurity, Climate, Developer Tools, Deep Tech | Consumer Internet, SaaS, Fintech, Media, Cybersecurity, AI, Deep Tech |
SoftBank Vision Fund remains the clearest example of venture capital run at platform scale, having launched Vision Fund 1 at $100 billion in 2017. Its current messaging has become far more coherent than the early 'invest in everything transformed by AI' caricature: the firm is now organized around a full-stack AI ecosystem of hardware, infrastructure, and applications, with CEO Alex Clavel's leadership stressing discipline, monetization, and cash-runway quality across the portfolio. That shift matters because it shows the platform institutionalizing what was previously perceived as founder-led opportunism under Masayoshi Son, while still concentrating unusually large checks into category leaders - DoorDash's $71.2 billion IPO valuation stands as SVF1's best fully-exited outcome, with a $7.3 billion gain.
View full SoftBank Vision Fund profile →TCV was founded in 1995 by Jay Hoag and Rick Kimball as the original crossover investor - the first firm to invest in both public and private technology companies from the same fund, a structure the 'Crossover' in its original name (Technology Crossover Ventures) still reflects. That willingness to follow winners across the private-to-public transition, rather than exiting at IPO, is what produced Jay Hoag's three-decade board seat at Netflix, which he joined in 1999 when TCV owned roughly 43% of the company pre-IPO. The firm has since invested more than $17 billion across 350-plus technology companies worldwide, supporting more than 145 IPOs and strategic acquisitions including Facebook, Airbnb, Spotify, Zillow, and Expedia, and now manages approximately $24 billion.
View full TCV profile →