We believe we are seeing profound changes in the way business works. Our investor, Bloomberg L.P., wants to support and understand these changes. Backing and building startups is a wonderful way to do that, so we created Bloomberg Beta. Below is a snapshot of how we think, including a link to our previously-internal operating manual — with many details on how we work.
Bloomberg Beta is an early-stage venture firm backed by Bloomberg L.P., investing out of a $75M fund focused broadly on the future of work. (We are now investing out of our third fund, which is the same size and focus as the first two funds, so we now have $225M in total under management.) While we focus on general areas of interest to Bloomberg, we choose our investments independently, without preference for companies who have or want a relationship with Bloomberg. We invest for financial return. We do see Bloomberg as a template for startups — founded on a powerful idea, bringing transparency to markets, achieving global scale, with a strong and open culture that embraces technology, led by its founders for decades. To serve our founders, we seek — like the rest of Bloomberg — to bring different worlds together (business, technology, culture, the public sector, among others).