Anti-Portfolio Diligence

Bessemer famously posts its anti-portfolio — the list of companies in which it didn’t invest — and I wish more people paid attention. In talking to a major LP doing diligence on re-upping in a venture fund its second fund, I suggested that they ignore results (which are iffy at best) and look at the fund’s anti-portfolio. Who cares who they said “Yes” to. Who did they say “No” to.

Related posts:

  1. Wigs, Google, and a Venture Anti-Portfolio
  2. Conde Nast’s Portfolio Adding Biz Bloggers
  3. Doing Diligence … on Your Venture Firm
  4. CN Portfolio is Live
  5. Age and the Portfolio Manager


  1. Sean Ness says:

    The link to BVP’s anti-portfolio –