The holding company that owns the Kansas-based Sprint Corp. has pledged to invest up to $50 billion in U.S. startup companies and acquisitions. This vow was made by Masayoshi Son, chief executive of SoftBank Group, which owns Sprint. Son made the promise following a 45-minute meeting with President-elect Donald Trump yesterday. Son (pictured above) said SoftBank will make the investment from a $100 billion technology fund that the company previously said it would raise in part using its own capital and commitments from the Saudi Arabian sovereign wealth fund. First announced in October, the SoftBank Vision Fund will create as many as 50,000 tech jobs in the U.S, according to Son.

Son (pictured above) said SoftBank will make the investment from a $100 billion technology fund that the company previously said it would raise in part using its own capital and commitments from the Saudi Arabian sovereign wealth fund. First announced in October, the SoftBank Vision Fund will create as many as 50,000 tech jobs in the U.S, according to Son. The fund will also invest in a number of other countries around the world. The investment described by Son represents more than 30 percent of the total amount all venture capital firms had available to invest as of the middle of this year. But can an investment as large as the one Son outlined generate as many jobs as he claimed?