Bahat: Bloomberg Beta launches $75M Fund III
Roy Bahat · 20VC Exclusive: Roy Bahat on Bloomberg Beta's New Fund, The Truth About Valuation That Very Few VCs Will Tell You & Why Founders of Venture Backed Startups Make The Best Angels · Oct 18, 2019 · at 4:53
Roy Bahat, head of Bloomberg Beta, announces the firm's new $75 million Fund III, maintaining their core focus on early-stage future-of-work startups.
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“We are today announcing our Third fund. And the exciting news is that it is precisely the same as the previous two ventures, a funny occupation where you get to like say, hooray every couple of years when you keep doing exactly what you've been doing. But when we started, we weren't sure if we would get product market fit with the model that we had. The model that we had was focusing on the future of work, trying to be as early as possible, both on trends and in the life of a specific company. And our approach was the founder is the customer. Let's treat that as religion. And now on our third fund, which is also a seventy five million dollar fund, we are going to do precisely the same thing.”
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