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Bessemer Venture Partners: Collection of Memos on Portfolio Companies
- belter 2y agoLooking at all the companies listed in the page two things are obvious. - They generated billions of dollars for investors - None of these companies make anything that really matters meaningfully, and the proof is: If they would disappear tomorrow, no critical technology, functionally, innovation or business process would be lost to the world. Their marginal utility is already covered by similar competitors, or could be within months.
- cjbenedikt 2y agoAgreed. At the same time startups that develop really meaningful technology struggle to get funded. Short term greed rules.