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> In early 2018, the founders of Chinese artificial intelligence startup SenseTime Group Ltd. flew to Tokyo to see billionaire investor Masayoshi Son. As they e
by Akababa 7y ago
> In early 2018, the founders of Chinese artificial intelligence startup SenseTime Group Ltd. flew to Tokyo to see billionaire investor Masayoshi Son. As they entered the offices, Chief Executive Officer Xu Li was hoping to persuade the head of SoftBank Group to invest $200 million in his three-year-old startup.
> A third of the way into the presentation, Son interrupted to say he wanted to put in $1 billion. A few minutes later, Son suggested $2 billion. Turning to the roomful of SoftBank managers, Son said this was the kind of AI company he’d been looking for. “Why are you only telling me about them now?” he asked, according to one person in the room.
This sounds more like an episode of Dragon's Den than a firm responsible for billions of dollars of investors' money. Doesn't quite inspire confidence...
- chance_state 7y agoThere's a similar anecdote about WeWork, where as Masayoshi Son and Adam Neumann are leaving the WeWork offices in a car to see Masayoshi Son off to the airport, Masayoshi Son says "forget the $1B we talked about in there, find a way to spend $5B."
- brightrooms 7y agoSounds like Son is trying to get rid of money? Reminds me of Brewster's Millions ( excellent film - can't go wrong with Pryor and Candy ). Maybe Son has to get rid of $100 billion to get $1 trillion?