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SoftBank Capital Raises $50M To Invest Exclusively In New York Startups

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http://techcrunch.com – Good news, everyone! Well, everyone who’s trying to raise capital in New York, at least. SoftBank Capital, the investment arm of Japanese mega-carrier Softbank Corp., has just announced that they’ve raised $50 million that they plan to invest entirely into early-stage New York startups. This new New York fund will be headed by SoftBank Capital General Partner Jordy Levy, with the funds coming from the State Of New York itself in hopes that it’ll boost the startup ecosystem there. The one main rule of this new fund is that any company that gets investment from this fund has t (IT news)