Bessemer Venture Partners are famous for publishing their anti-portfolio.
Recently they took to learning from their success and published a series of memos from some of their most successful venture investments.
“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 those winning entrepreneurs before they were famous.“
