Bessemer Passed on Yammer by Overfocusing on Technical Buyers
Ethan Kurzweil · 20VC: Bessemer's Ethan Kurzweil on How To View Pattern Recognition and Deal With The Anti-Portfolio, The Next Frontier In Developer Focussed Businesses & Why eSports Is Interesting Again · Jun 28, 2017 · at 20:16
Ethan Kurzweil is a partner at Bessemer Venture Partners. He reflects on lessons learned from Bessemer's anti-portfolio of missed startup investments.
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“Well, one early on in my career was a company called Yammer that we missed. You know, I had a number of opportunities to invest, and I think the reason we missed is we were very focused in those days, the developer platform, on selling a sort of API-like service to a technical buyer”
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