Bloomberg Beta

Seed fund focused on the future of work, esp. machine intelligence. Work’s future depends on including founders of all backgrounds. More on our commitment ⤵️

[Bloomberg Beta @BloombergBeta]

We rarely tweet from this handle because we believe a venture fund is made of its people and their actions. Ours are individuals, each with their own voice.
Follow: @roybahat @karinklein @jamescham @AngKMartin @theamberyang @loriberenberg if you want to hear them.

[Roy E. Bahat @roybahat]

Yes, we are actively investing. In fact, today we announced @bloombergbeta has a new fund to invest – our fifth.

Startups keep evolving, faster than ever, and we know the best way we can support them is by staying steady, a constant on which they can depend. So our new fund is the same as the previous ones.

---

Though it’s our first new fund in a world after generative AI, vibe coding is everywhere, engineers keep getting faster thanks to that AI, and AI startups hit revenue records all the time...

We're doing what we've always done.

We still…
> Want to serve extraordinary founders who define the future of work.
> Put #foundersfirst.
> Invest as early as day zero, and as late as our up-to-$1M-or-so first checks allow (i.e., pre-seed and seed).
> Define the "future of work" to extend beyond productivity tools, to how work can serve everyone.
> Commit to making the startup world welcome to people of all backgrounds.
> Invest from a $75M fund.

Our three equal investing partners: @karinklein (who continues to run the "Acela corridor"), @jamescham, and me. (Well, we did recognize that @AngKMartin is a partner -- because we need operations to be great as investors.)

Modeled on Bloomberg LP, we still aspire to be the most transparent investors. And we're here whether the market goes up or down.

None of that has changed. Same as 2022, same as 2019, 2016, 2013.

---

What’s different is… well… we’ve got more evidence we’re right where we like to be:
> 93 founders we’ve backed have become millionaires — and 24 of those have made $10M or more
> Founders we’ve backed have gone on to raise more than $10B
> 10 startups we’ve backed are worth more than $1B (Flexport, Replit, MasterClass to name a few!)
> Startups we back outperform — worth $24M more at next round

We’ve backed extraordinary founders like @Replit’s @amasad and @HayaOdeh and @Flexport’s @typesfast, where we were the first VC to say yes to both companies, along with companies like @AirspaceIntel, @CampusGrad, @MadeWithCapsule, @LambdaAPI, @LaunchDarkly, @MasterClass, @Netlify, @ShieldAITech, @weights_biases (just acquired by @Coreweave), and more.

We’ve also been busy since last time, but since X (in which we are small shareholders after they acquired Laskie) may penalize me for links, I won't tell you that here :) Go look at the one named after a color and what's in the air for that one.

Our firm is more than our partners and today, our team includes @AngKMartin, @loriberenberg, @amytam01, @KB2o22, @moraaonyonka (and assists from @megmbolger!).

We of course remain close with those who have worked on our team, including @shivon @strickland_dan @theamberyang @minney_cat @harleysugarman @sydneyjtiedt @lisawehden @ShainaConners @morganpolotan @cody_mccauley among others!

---

And we’re forever grateful to @MikeBloomberg, a founder backing us so we can back more founders. Cycles continue!

We want to be the first text for early-stage companies, partners through your journey, working with winners.

If you know a founder who’s a great fit for us, please share this! "Yes, we're actively investing."

[Roy E. Bahat @roybahat]

when you don’t want to make a big deal about @bloombergbeta's 11th anniversary... and @loriberenberg steps in

[Roy E. Bahat @roybahat]

I spy @jamescham and @karinklein on Insider's list of 2024's top seed investors! #proudpartner

And profile on James -- number 3 for the second year in a row! Giving love to the fact that returns founders like @l2k and @ShreyaR generate go to @BloombergDotOrg. (And a cameo for @jeffiel because of James' investment in Twilio before Beta...)

https://t.co/Jg03RdraUZ

[Bloomberg Beta @BloombergBeta]

We rarely tweet from this account because we believe our fund is made up of our people, but of course we’ll take any excuse to elevate founders we’ve backed through @MadeWithCapsule. If you missed it, @roybahat shared his own reflections:
https://t.co/TBZeo1L02C

[Roy E. Bahat @roybahat]

Today starts Bloomberg Beta’s 10th anniversary week. A decade, today, since we announced our fund. And I’ve spent the past weekend with some of my closest friends in the world – family, really – feeling into what’s important.

So, here’s what matters to us:

[Bloomberg Beta @BloombergBeta]

Today marks the 10-year anniversary of Bloomberg Beta. A decade of backing #foundersfirst.

But don’t take our word for it. We’re sharing clips from the founders themselves all week to celebrate. #bloombergbetaturns10

https://t.co/4h0oqMMWB2

[Roy E. Bahat @roybahat]

Today starts Bloomberg Beta’s 10th anniversary week. A decade, today, since we announced our fund. And I’ve spent the past weekend with some of my closest friends in the world – family, really – feeling into what’s important.

So, here’s what matters to us:

[Bloomberg Beta @BloombergBeta]

We show up when things are hard and never shy away from “critical conversation,” as @Harper shares: https://t.co/Lux2LOzzrI #bloombergbetaturns10

[Elias Rothblatt @eliasrothblatt]

@roybahat Congrats @roybahat @karinklein & @jamescham. We appreciate all you do!

[Chat Joglekar @joglekar]

@roybahat Congrats @roybahat @karinklein and @jamescham - excited to be a part of the @BloombergBeta fam! 💙

[Bloomberg Beta @BloombergBeta]

We are so lucky to get to back founders like @edith_h #bloombergbetaturns10

[Edith Harbaugh @edith_h]

@roybahat Congrats! Glad to be Bloomberg backed! Thanks @jamescham @karinklein for years of support.