Bloomberg Beta raises a second million fund

When the partners at Bloomberg Beta — a $75 million seed investment fund — sit down to review how they’re doing, they say they don’t first look at the valuation of their portfolio.Instead, they first take a look at how the founders in the fund are grading them as investors and partners. While paper valuations are always important for any firm, a key metric Bloomberg Beta focuses on is its Net Promoter Score with its founders. Using that measure of the loyalty of a customer — which can be aggressive at times — can be a good selling point to other founders, who are often referred to firms from within an existing network. “We don’t like it as a main performance metric, it biases people toward raising more capital and fundamentally…

Link to Full Article: Bloomberg Beta raises a second million fund

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