💰Abu Dhabi’s state fund just opened for business, right in San Francisco .
Now, one of SoftBank’s besties — the sovereign wealth fund of the United Arab Emirates, called the Mubadala Investment Company — is also making a splashy debut onto the scene, announcing today that it’s opening a San Francisco office, pouring $400 million into early-stage startups and committing between $50 million and $70 million to a “fund of funds” that will invest in various venture firms. TechCrunch