Term Sheet — Monday, March 114

SoftBank wants you to know that it thinks early-stage investing is important, too.

The Japanese conglomerate is looking to set up a global fund which focuses exclusively on early-stage startups, according to Reuters. It's a surprising move as SoftBank's $100 billion Saudi-backed SoftBank Vision Fund has written big checks to companies like Uber, WeWork, and DoorDash. Just on Thursday, the firm announced it would launch a $5 billion fund focused on Latin America.

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