Kudos to the team at Bessemer for this new section to their web site. It's a great admission that I wish more folks would own up to. We've all had our misses of great future hits. I wonder if Bessemer would ever post a page listing their investments in spectacular failures...
The venture business is still a cottage industry and it's not perfect, being run by human beings. It's all about people and people make mistakes. A very successful private equity investor once told me: "The game has nothing to do with being perfect, it has to do with being less wrong than the next guy."
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