SoftBank Latin America is certainly having massive exits, but not the lucrative kind.
Paulo Passoni and Shu Nyatta, two managing investment partners of SoftBank’s Latin America practice, are leaving the firm to start their own venture practice. According to Passoni’s LinkedIn post, Nyatta and him “now move towards achieving our own dreams. In our own way. With our own culture.”
The duo’s departure comes just a week after SoftBank announced that it would spin out its Latin American early-stage practice into an independent firm Upload Ventures. The new entity saw managing partners Rodrigo Baer and Marco Camhaji, who were hired by SoftBank in 2021, leave to run the operation on their own.
Now Nyatta and Passoni are doing the same. In just a matter of weeks, four of SoftBank’s managing partners have left the Japanese conglomerate to work on their own fi …