Assertion Contradicted AI assessment confidence: 90% certainty 4/5 debate potential 1/5

Bedrock manages over $1 billion in assets

Harry Stebbings · 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company · Feb 14, 2022 · at 0:23

Harry Stebbings introduces Geoff Lewis, co-founder and managing partner of venture capital firm Bedrock.

0:00 / 0:07exact quote · 7.0s

720p mp4 · rendered on demand · StarZero watermark

“Now, with over a billion in AUM, Bedrock invests in breakout technology companies that are incongruent with popular narratives.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Bedrock has over $1 billion in assets under management.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

According to SEC Form ADV filings and financial databases like PitchBook, Bedrock Capital had not reached $1 billion in total capital or assets under management as of February 2022. Bedrock is an Exempt Reporting Adviser (ERA) with the SEC and is not required to publicly disclose Regulatory Assets Under Management (RAUM) on Form ADV. Financial database tracking and fundraise history confirm that cumulative committed capital across Funds I, II, and III was between $700 million and $825 million as of February 2022. Bedrock's cumulative capital raised did not cross the $1 billion threshold until the close of its fourth flagship fund ($350 million+) in February 2023.

Bedrock is filed as an Exempt Reporting Adviser (CRD #291984) and does not disclose exact RAUM in Part 1A Item 5 of SEC Form ADV filings.
PitchBook and venture capital records show cumulative committed capital raised across Funds I, II, and III was approximately $700 million to $825 million as of February 2022.
Bedrock did not cross $1 billion in total capital raised until the announcement of Fund IV ($350M+) in February 2023.

Checked against

[1] sec.gov [2] sec.gov [3] sec.gov [4] sec.gov [5] startupintros.com [6] venturecapitaljournal.com [7] sec.gov [8] venturecapitaljournal.com

assessed as of 2026-07-23

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Bedrock Capital

⚑ Spot an error? Report it

More from Harry Stebbings

Opinion

Stebbings: European founder quality is much worse than in the US

“I think the quality of European founders is much worse than the US”

Harry Stebbings Oct 28, 2024 ▶ 31:48 Daniel Khachab: "We Are in the Middle of a Cold War for AI Talent" | E1220 · 20VC with Harry Stebbings

Opinion

Stebbings: The younger generation of workers is lazy and expects high compensation

“I think this generation is fucking lazy. They do not work, sorry, I'm on a rant now. They do not want to work hard, they do not want to come into the office, they get paid top dollar, and actually, they want great package, they want all of this, and they don't…”

Harry Stebbings Jun 26, 2023 ▶ 59:28 Akin Babayigit: How Tripledot Studios Became #1 Fastest-Growing Company in Europe | E1030 · 20VC with Harry Stebbings

Opinion

Stebbings: Remote Work Is One of the Most Poisonous Things

“I don't buy remote by the way. I think remote is one of the most poisonous things.”

Harry Stebbings Apr 7, 2023 ▶ 45:11 Rob Lacher: How I Scaled to $600M AUM; Hiring Tips for VCs; Venture Capital in Europe vs USA | E999 · 20VC with Harry Stebbings

Disclosure

Stebbings: Series B investors are offering founders $1M payouts to return capital

“You know, it is, but I'm seeing now I've seen four this month where the series B's are saying, Hey, preemptively we fucked up, but give us our cash back and we'll give you a million each.”

Harry Stebbings Nov 21, 2022 ▶ 1:07:36 Semil Shah: Lessons Learned Scaling from a $1M to a $50M Fund | 20VC #951 · 20VC with Harry Stebbings

Opinion

Stebbings: Society No Longer Fundamentally Operates as a Democracy

“I don't think we fundamentally live in a democracy anymore, because I know I don't, and I know that pretty much everyone around me is too afraid to say how they truly feel.”

Harry Stebbings Oct 1, 2020 ▶ 33:19 20VC: What Is Founder Narrative Fit and How to Detect and Invest In It, How To Avoid Consensus Thinking When Investing, Price Sensititivity; When To Pay Up vs Stay Disciplined & From New York Times To General Catalyst; Why Venture and Journalism are Not S

Opinion

Harry Stebbings: Most retail investors on Robinhood are incompetent

“I think most of the people who invest in there are incompetent and shouldn't be given dollars. This will definitely be taken out, no doubt. I think this is like, you know, you're empowering people who should not be investing. They do not understand public mark…”

Harry Stebbings Jan 28, 2022 ▶ 22:57 20VC: The Robinhood Memo: The Early Metrics That Showed Robinhood was a Breakout Company, The Cost Structure of Robinhood in the Early Days and Why it is a More Efficient Business than eTrade & How Vlad Has Developed as a Leader Over Time with Rick Yang a

Bedrock manages over $1 billion in assets

More from Harry Stebbings

Turn any episode into a week of clips.