Below are the original IC Memos for startups from elite VC firms such as Sequoia and Bessemer Venture Partners. Click on each link to open them. Read them carefully to better understand what VCs are looking for in terms of analysis. You can use them as inspiration for your practice sessions. Some of these IC
Bessemer Venture Partners recently released a series of memos showing why partners decided to invest in companies including LinkedIn, Twitch, and Pinterest before they hit it big.
Internal memos are insightful resources to look at how organizations work and make decisions. Bessemer has published an archive of the investment memos that their partners have written to their internal investment committees. A few neat ones: Shopify Series A, 2010; SendGrid Series B, 2011; Twilio Seed, 2009
Understand how top investors think. Dive into these ten classic investment memos from Bessemer Venture Partners to learn exactly what VCs look for when deciding to invest. Common memo sections ...
Pinterest, another user-generated content company and BVP investment, has a similar story. According to the BVP memos on Pinterest, the primary focus of the company’s founders was on totes, a product catalogue for high-end brands that allowed users to browse items and save favourites. Consumers tended to use the favourites feature of the app ...
Bessemer Venture Partners recommends a $13 million investment in Twitch.tv at a $53 million pre-money valuation, aiming for an 18.3% ownership stake. Twitch has shown significant growth in viewership and revenue potential through various monetization strategies, despite facing competition and market risks. The company is positioned to capitalize on the increasing demand for live gaming content ...
Tl;dr: Bessemer Venture Partners invested $13 million in Twitch.tv (fka Justin.TV) at $53 million pre-money at series-b. Read to understand how a venture capital investor thinks about investing in a company and how they communicate it to their partners and potentially their limited partners. About the VC investment memo
One pattern that consistently emerges is that Bessemer’s best investment decisions centered on people. In retrospect, the early products themselves are barely recognizable today. Rather, passionate, analytical and relentless founders zigged and zagged their way to that elusive “product-market fit”, and these memos provide a glimpse of ...
A few weeks ago Bessemer, one of the oldest and most successful global VC investors, released 13 internal investment memos from a decade ago, of their successful investments including LinkedIn ...
It became Bessemer Venture Partners in 1974 and ceased to be purely a family trust. Its headquarters moved to Silicon Valley in 1975. ... Bessemer's Memos. More recently, Bessemer has created a Memo Page and made public some of the Investment Recommendation Memoranda written for the partners' meetings to justify the investment. They are ...
Cheatham went on to become a Vice President at Bessemer Venture Partners, where he led the firm’s healthcare AI thesis and sourced over a dozen early-stage investments, including Abridge and ...
Tl;dr: Bessemer Venture Partners invested in Shopify at the series-a round in 2010. Read to understand how a venture capital investor thinks about investing in a company and how they communicate it to their partners and potentially their limited partners. About the VC investment memo
Shopify was my first lead investment as a partner, so I was incredibly nervous. ... At Bessemer, Adam Fisher invested in Tel Aviv-based Wix in 2007 based on the platform and community they provided for creative self-expression, a novel idea during the Web 2.0 era. Bob Goodman and I invested in TeamViewer in 2009, a German provider of remote ...
The venture capital business of Bessemer Securities eventually evolved into what is today Bessemer Venture Partners, raising its own first fund including external investors in 2007.
Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos ...
