Archive for the ‘Bessemer’ Category

Kudos to Bessemer

April 24, 2008

Bessemer Venture Partners released the ‘Anti Portfolio’ listing - which are the deals that they did not do but should have. The list can be found at http://www.bvp.com/Portfolio/AntiPortfolio.aspx. I have tremendous respect for Bessemer for rolling this out (not sure exactly when it went live). It is certainly in the ‘web 2.0′ perspective where information flow can not be stopped - but they took it a step further and named names and made fun of themselves.

Besides Bessemer though, there is a great lesson for entrepreneurs everywhere. The best deals have been turned down by the best VCs. That is a powerful statement and concept. When you are pitching a company and you get turned down - let it roll off your back - more people/VCs will say no then yes. It is the nature of the business.