Bloomberg Beta is a venture firm backed by Bloomberg L.P., investing out of a $75M fund. (We are now investing out of our second fund. The first was the same size, so we now have $150M in total under management.) While we focus on areas broadly of interest to Bloomberg, we choose our investments independently, without preference for companies who have or want a relationship with Bloomberg. We invest for financial return. We do see Bloomberg as a template for startups—founded on a powerful idea, bringing transparency to markets, achieving global scale, with a strong and open culture that embraces technology, led by its founders for decades.