SPECTRUM launch sees Taizo Son’s Mistletoe establish global HQ in Singapore

Taizo Son. Photo: Bloomberg

Golden Equator Group and Mistletoe have partnered with SPECTRUM, a curated club of businesses and investors wholly owned by the Golden Equator Group, in a tripartite arrangement that will aid business ventures in expanding into the Indo-Asia Pacific and internationally.

As a key partner, Mistletoe will base its first office in Asia outside of Japan at SPECTRUM in Singapore. Its founder Taizo Son, a serial entrepreneur and a billionaire, was recently appointed a special advisor by Golden Equator.

Co-founded by Cheryl Lee, a former Asia Managing Director at a private bank who also co-founded lifestyle group One Rochester, and Shirley Crystal Chua, founder and CEO of Golden Equator, SPECTRUM aims to facilitate connectivity with public and private stakeholders across the healthcare, financial, education, food, housing and fashion sectors. Some of the stakeholders it aims to engage include PE/VC players, corporate CXOs and business leaders, family offices, government-related agencies and ambassadors,

In April 2017, Son – the brother of Masayoshi Son of the SoftBank Group – relocated to the Southeast Asian city-state. The move also saw him announce his intent to invest $100 million in Southeast Asia over the next five years.

At the time, Son explained: “I tried very hard by lobbying the Japanese government: ‘Why don’t we have a regulatory sandbox to bring some innovative ideas? But the country’s too big and very slow to move. But here, even the government, regulators are innovation-minded.”

The city-state has drawn other billionaires to its shores, among them Jim Rogers, co-founder of the Quantum Group of Funds with George Soros, and Facebook Inc co-founder Eduardo Saverin, who is a partner at Singapore-based venture capital firm B Capital Group.

“We are excited to deepen our footprint in Southeast Asia with SPECTRUM. We decided to base Mistletoe’s first office in Asia outside of Japan at SPECTRUM because we are aligned in our strategic vision, along with Golden Equator, to revolutionise the business landscape and build an ecosystem through access, networks and connections,” Taizo Son said.

At a media interaction during the launch of SPECTRUM, Son highlighted that his involvement with SPECTRUM and Golden Equator also opened the possibility of the SoftBank Group coming in as an investor for late-stage investments.

In a statement, Lee said, “SPECTRUM curates an ecosystem that facilitates business-making across moments of a company’s growth journey, and we want to provide a powerful and accessible platform that is committed to empowering businesses of the future.”

“Asia’s tremendous growth potential and momentum mean there are opportunities aplenty for companies old and new to innovate and succeed by being part of the right ecosystem with networks that could help grow their businesses in a meaningful way,” she added.

SPECTRUM expects to develop further collaboration and partnerships with government-linked agencies and statutory boards across the region for its anchor member, the Golden Equator Group.