"The alums saw gaping holes between the many AI startups being funded and what the market really needed. 'Maybe we should do our own fund, because we think we have a pretty good sense of where things are headed,' Mayne said."
"'Some of our friends were coming out of OpenAI and interested in doing companies,' Mayne said, highlighting the motivation behind the fund's creation."
"'We have this great access to people who we think are incredible builders,' Mayne noted, emphasizing the team's unique position in the AI landscape."
Zero Shot, a new venture capital fund, has achieved its first close on a $100 million goal. The fund's founding partners include several former OpenAI members, such as Evan Morikawa, Andrew Mayne, and Shawn Jain. They recognized a gap in the AI startup market and decided to create their own fund to leverage their expertise and connections. The team also includes Kelly Kovacs and Brett Rounsaville, who bring additional experience from other tech companies. The founders aim to support innovative AI ventures.
Read at TechCrunch
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