Re:OpenAI and Jony Ive in talks to raise $1B from SoftBank f...
by jack_riminton on Thursday September 28, 2023 @11:25AM
(#37690955)
Too much money skews everything in product development
There's a reason why the iphone team was so small (https://www.theregister.com/2014/03/27/apple_employee_reveal...) you need to be ruthlessly focussed and not pressurised by outside investors or managers who don't know what they're talking about (Softbank)
I'm not sure what the money would be spent on at OpenAI. Maybe they will keep it small, and hyper-focussed. But I worked in VC for a while and VC money was described to me as rocket fuel, you don't want to go dousing it on things before the rocket is built
There's a reason why the iphone team was so small (https://www.theregister.com/2014/03/27/apple_employee_reveal...) you need to be ruthlessly focussed and not pressurised by outside investors or managers who don't know what they're talking about (Softbank)
I'm not sure what the money would be spent on at OpenAI. Maybe they will keep it small, and hyper-focussed. But I worked in VC for a while and VC money was described to me as rocket fuel, you don't want to go dousing it on things before the rocket is built