OpenAI alums have been quietly investing from a new, potentially $100M fund
Summary
A new venture capital fund, Zero Shot, with deep ties to OpenAI, has closed its first round at $100 million. The fund's co-founding team includes several former OpenAI employees, including Evan Morikawa, Andrew Mayne, and Shawn Jain, who were inspired to start the fund after years of consulting for VCs and founders in the AI space. They aim to leverage their expertise to identify promising AI startups and avoid less viable ideas. Zero Shot has already made investments in Worktrace AI, an AI-based management software platform, and Foundry Robotics, a company focused on AI-enhanced factory robotics, with a third stealth startup also backed. The fund also boasts advisors like Diane Yoon and Steve Dowling, former OpenAI executives.
(Source:TechCrunch)