Nyatta: SoftBank Evaluated OpenAI Around 2017 but Passed on Investing
Shu Nyatta · Marcelo Claure & Shu Nyatta: LATAM's New $500M Growth Fund; Investing Billions at SoftBank | E1042 · 20VC with Harry Stebbings · Jul 31, 2023 · at 1:02:17
Shu Nyatta, former SoftBank partner and co-founder of Bicycle Capital, reveals major investment misses from his time at SoftBank.
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“So when we were at SoftBank in 2017, I think thereabouts, MASA, correctly, was all over AI, and the team was small enough that we were all focused on the topic and looking around at what was interesting and being built in the world of AI, and we came across OpenAI, we knew OpenAI, we had discussions about OpenAI, and we just didn't do it.”
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