Bessemer Venture Partners

Are you ready for the AI era? 🚀 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠, 𝐄𝐯𝐞𝐫𝐲𝐰𝐡𝐞𝐫𝐞, 𝐀𝐥𝐥 𝐀𝐈: 𝐁𝐞𝐬𝐬𝐞𝐦𝐞𝐫'𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐀𝐈 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 is out now! There has never been a better time for small, ambitious founding teams to positively transform every industry as we know it. In our latest Bessemer Book, you'll discover: ✅ AI roadmaps ✅ Actionable insights and case studies for AI leaders ✅ Bessemer's AI strategy Don't miss our first chapter: Jeremy Levine, Kent Bennett, and Brian Feinstein open up and share the paradox and approach behind Bessemer's unique operating model and how it's determining the founders we ultimately back. When you sign up, we send it directly to your inbox. ⤵️ Get your free copy: https://lnkd.in/g4YMQNXy H/T to our incredible investors and authors: Jeremy Levine, Brian Feinstein, Kent Bennett, Sameer Dholakia, Byron Deeter, Mary D'Onofrio, Elliott Robinson, David Cowan, Amit Karp, Michael Droesch, Talia Goldberg, Alex Ferrara, Steve Kraus, Janelle Teng, Grace Ma, Bhavik N., Lindsey Li, Yael Schiff, Aia Sarycheva, Caty Rea, Maha Malik, Aditya Nidmarti, Andrew Hedin, Morgan Cheatham.

𝐀𝐈-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐟𝐢𝐧𝐭𝐞𝐜𝐡 𝐢𝐬 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐟𝐫𝐨𝐧𝐭𝐢𝐞𝐫 Despite the massive scale of supply chain and logistics services—$1 trillion of global spend—the industry's systems and processes are outdated. One of the biggest challenges for shippers and service providers remains: 𝐦𝐨𝐧𝐞𝐲 𝐦𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐚𝐜𝐫𝐨𝐬𝐬 𝐭𝐡𝐞 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧. As we've seen with other vertical SaaS categories, vertical-specific financial services tend to follow SaaS products as a second wave, after an industry's initial adoption of SaaS platforms. Now is the moment for the financial and payments layer to analyze data and facilitate money movement across the supply chain. On Atlas, read our intelligent supply chain fintech roadmap. Links in the comments ⤵️ #fintech #financialservices #startups

Are you ready for the AI era? 🚀 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠, 𝐄𝐯𝐞𝐫𝐲𝐰𝐡𝐞𝐫𝐞, 𝐀𝐥𝐥 𝐀𝐈: 𝐁𝐞𝐬𝐬𝐞𝐦𝐞𝐫'𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐀𝐈 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 is out now! There has never been a better time for small, ambitious founding teams to positively transform every industry as we know it. In our latest Bessemer Book, you'll discover: ✅ AI roadmaps ✅ Actionable insights and case studies for AI leaders ✅ Bessemer's AI strategy Don't miss our first chapter: Jeremy Levine, Kent Bennett, and Brian Feinstein open up and share the paradox and approach behind Bessemer's unique operating model and how it's determining the founders we ultimately back. When you sign up, we send it directly to your inbox. ⤵️ Get your free copy: https://lnkd.in/g4YMQNXy H/T to our incredible investors and authors: Jeremy Levine, Brian Feinstein, Kent Bennett, Sameer Dholakia, Byron Deeter, Mary D'Onofrio, Elliott Robinson, David Cowan, Amit Karp, Michael Droesch, Talia Goldberg, Alex Ferrara, Steve Kraus, Janelle Teng, Grace Ma, Bhavik N., Lindsey Li, Yael Schiff, Aia Sarycheva, Caty Rea, Maha Malik, Aditya Nidmarti, Andrew Hedin, Morgan Cheatham.

"𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐢𝐬 𝐚𝐧 𝐞𝐱𝐞𝐫𝐜𝐢𝐬𝐞 𝐢𝐧 𝐡𝐢𝐬𝐭𝐨𝐫𝐲,"says Charles Birnbaum. The financial services industry is as old as money itself. Its history of innovation weaves through the rise and fall of societies from the Roman Empire to the House of the Medicis, the Morgans, and beyond. However, for most of the 20th century, innovation was driven mainly by the invention of new products. For example, mortgage-backed security (MBS) emerged in the 1970s when Ginnie Mae (the Government National Mortgage Association) allowed banks to free up liquidity and sell their mortgages to third parties, who packaged them into MBS. Fast-forward to the downfalls of Silicon Valley Bank, Signature, and Silvergate. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐦𝐚𝐜𝐫𝐨𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬 𝐬𝐭𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 𝐚 𝐩𝐫𝐨𝐟𝐨𝐮𝐧𝐝 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐟𝐢𝐧𝐭𝐞𝐜𝐡 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦. Aside from new products, re-packaging of risk has also long been a form of reinvention in financial services. However, it wasn't until the rise of the Internet that technology allowed innovators to prioritize customers' needs and create new, friendlier, and more accessible products and services. For example, in 1998, 𝐏𝐚𝐲𝐩𝐚𝐥 was one of the first "consumer earthquakes" to digitize peer-to-peer payments, leading to monumental changes: Money could be transferred via the internet? A revolution. But that wasn't all. The aftershocks of innovation continued throughout the early 2000s, inspiring a new generation of fintech entrepreneurs. Over the past few decades, Bessemer’s investment strategy has tracked the major shifts in mobile adoption and the cloud, along with regulation and macroeconomics. It will continue to be driven by these changes in the future. Since our early days of investing in the sector, we have identified five massive waves that drove over 𝟓𝟎 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 supporting and disrupting financial services—including companies like Alloy, Mambu, and Truebill (now part of Rocket Companies), which transformed consumer, enterprise, and embedded fintech. 𝐄𝐚𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐟𝐢𝐯𝐞 𝐰𝐚𝐯𝐞𝐬 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬 𝐩𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐥𝐞𝐬𝐬𝐨𝐧𝐬 𝐭𝐡𝐚𝐭, 𝐢𝐟 𝐬𝐭𝐮𝐝𝐢𝐞𝐝 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲, 𝐰𝐢𝐥𝐥 𝐡𝐞𝐥𝐩 𝐭𝐨𝐝𝐚𝐲’𝐬 𝐛𝐮𝐢𝐥𝐝𝐞𝐫𝐬 𝐦𝐨𝐫𝐞 𝐞𝐚𝐬𝐢𝐥𝐲 𝐬𝐩𝐨𝐭 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐬𝐰𝐞𝐥𝐥𝐬 𝐨𝐟 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐡𝐞𝐚𝐝. To learn more about some of the waves of innovation in financial services and technology, look no further than to Atlas, where Charles Birnbaum and Eric Kaplan share their exegesis on The Five Waves of Fintech. Links in the comments ⤵️ #fintech #financialservices #enterpreneurs

Meet Sameer Dholakia, partner at Bessemer Venture Partners 👋 Want to learn more from Sameer? Go to this link to read more! ➡ https://lnkd.in/g5mGkSfq

Join us in celebrating our newest Vice President, Aia Sarycheva! 🌟 "The most exciting part about being a venture capitalist is getting to imagine what the future might look like by learning from and supporting the people building it," says Aia. "I have the privilege of seeing the world through the eyes of founders who dedicate years to solving problems they're passionate about. My role is to draw on lessons from recent technological breakthroughs, industry developments, and the paths of prior venture-backed companies to support them in building enduring businesses. This requires developing a view on when to learn from the past and when to break from it—an exciting, intellectually rigorous, and inherently synergistic process." Since joining Bessemer in 2022, Aia has been a dedicated collaborator with ambitious entrepreneurs worldwide as they launch novel technologies into their given markets or commercialize with inventive business models. https://lnkd.in/gFAfMVjd

At the annual Decoding Bio summit, I sat down with Brad Loncar of BiotechTV to discuss how we at Bessemer Venture Partners are thinking about where value accrues for AI in biotech. The short answer: Ultimate value accrues at the therapeutic level. Longer answer: If AI improves drug discovery along any axis (speed, efficiency, cost, new biology, novel chemistry), and becomes a near-ubiquitous tool in the discovery process, value will accrue up the stack. Vertical integration of discovery and development will be essential to capture this value, and the greatest moats will (still) be built in clinical development – trial design, biomarker identification, indication selection, and raw execution.

📰 Read our latest Atlas Newsletter: 3️⃣ opportunities in Vertical AI 🚧 GTM Ops 101 💡 Bessemer news & highlights Dive in today ⬇️

Congratulations to Anthropic, Abridge, and Perplexity for your recognition on Time Inc.'s TIME100 AI list!

🚀 𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐀𝐈 𝐢𝐬 𝐯𝐞𝐫𝐭𝐢𝐜𝐚𝐥. 🚀 After decades of vertical SaaS investing, we learned that businesses can unseat incumbents, transform industries and how people work, and become highly profitable generational businesses. We saw a new class of LLM-native applications harnessing novel business models and AI capabilities to serve functions and even entire industries that didn’t meaningfully benefit from the previous wave of vertical software. It dawned on us: 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐀𝐈 𝐢𝐬 𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐩𝐡𝐲𝐬𝐢𝐜𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞. We’re seeing this emergent category address an even more massive TAM, offer new capabilities, serve new sectors of the economy, and grow at unprecedented rates. In Part I of our 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐀𝐈 𝐬𝐞𝐫𝐢𝐞𝐬, we distill why this moment is so significant in software history, the key opportunities driving this category’s massive value creation, and the core and supporting workflows underpinning these emerging businesses. We also highlight promising startups already gaining speed within their industries—including EvenUp, Abridge, Fieldguide, and more. Dive into Part I today and subscribe to get all future installments. ⤵️ H/T to our authors: Kent Bennett, Byron Deeter, Michael Droesch, Sameer Dholakia, Brian Feinstein, Aia Sarycheva, Maha Malik, Sam Bondy, Caty Rea, Alex Yuditski. https://lnkd.in/gw7D54u6