Bessemer Ventures Anti-Portfolio(bvp.com)
bvp.com
Bessemer Ventures Anti-Portfolio
https://www.bvp.com/anti-portfolio
10 comments
Thanks for this. Just reminds me how much I hate the entire business model of venture capital circa 2020.
If you are a founder just remember that raising capital is a tool just like any other. Misuse of it can be disastrous for your business.
I’d encourage more entrepreneurs to build companies like Basecamp.
If you are a founder just remember that raising capital is a tool just like any other. Misuse of it can be disastrous for your business.
I’d encourage more entrepreneurs to build companies like Basecamp.
[deleted]
It is indeed difficult to communicate one’s own humility.
Previous discussion: https://news.ycombinator.com/item?id=15547136
I know they wouldn’t risk their reputation to do but I had hoped this was a list of companies they are betting will do poorly in the coming years.
Seattle-based OVP Partners which shut down a few years ago also had a interesting anti-portfolio page. The Starbucks story was hilarious:
“A guy walks into your office some time in the late 1980s and says he wants to open a chain of retail shops selling a commodity product you can get anywhere for 25 cents, but he will charge 2 dollars.
Of course, you listen politely, and then fall off your chair laughing when he leaves. Howard Schultz didn’t see this as humorous. And we didn’t make 500 times our money.” OVP believed that there was no market for Starbucks’ premium coffee, which may indeed have been the prevailing wisdom at the time,
“A guy walks into your office some time in the late 1980s and says he wants to open a chain of retail shops selling a commodity product you can get anywhere for 25 cents, but he will charge 2 dollars.
Of course, you listen politely, and then fall off your chair laughing when he leaves. Howard Schultz didn’t see this as humorous. And we didn’t make 500 times our money.” OVP believed that there was no market for Starbucks’ premium coffee, which may indeed have been the prevailing wisdom at the time,
I am sure they left many out. Check Point Software for one.
Considering how many of the anti-portfolio DavidC seems to have missed, I wonder how he still has a job?
If I had a peanut for every trader talking in hindsight what he should have done I would be pretty sick of peanuts by now.
they also use this as a disingenuous/insincere way of rejecting founders (we don't want to invest, but you're probably one of the other unicorns we didn't invest in! check out out antiportfolio!)