Betaworks

Betaworks

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Headquarters Location

United States, New York

About

Betaworks is the renowned Corporate Investor, which was created in 2008. The the headquarters of this Corporate Investor is in New York. This investor is located in North America, United States.

Typical investments for this fund are deals in the range of 1 - 5 millions dollars. In real terms, this Corporate Investor performs 8 percentage points less exits than other funds. This fund was the most active in 2010. In addition, the fund was active in 2019. Betaworks participates, on average, in 2 percentage points more than the average amount of lead investments in other funds. The most exits for the fund occurred in 2014. The fund usually participates in 13-24 investment rounds per year. At the time of investment by Betaworks, a typical start-up valuation would be 50-100 millions dollars.

The fund has no an exact preference in the amount of founders of companies in its portfolio. When a start-up has 4 founders, the probability of closing the deal is low. Among their most successful investment fields, we have identified Mobile, E-Commerce. Also, because of its portfolio diversification tendency, we can highlight 20 more industries for this fund. Also, a start-up has to be aged 2-3 years to expect investment from this fund. The country of its establishment and the country of its most frequent investments coincides - United States. However, start-ups from 4 other countries can be found in the fund's portfolio. IFTTT, Lotame, Yieldbot are among the most popular portfolio start-ups of the fund.

The usual method for the fund is to invest in rounds with 6-7 other investors. Besides Betaworks, start-ups are typically funded by Y Combinator, Techstars, Lerer Hippeau and 48 more VCs. Other VCs who often invest in the same rounds are Thrive Capital, Index Ventures, Slow Ventures, the total number of co-investors is 134. The investors in the following rounds are usually Lerer Hippeau, Tuesday Capital, Index Ventures, and 83 VCs in total.

The fund was created by Billy Chasen, John Borthwick. The overall number of key employees in the fund's team is 5.

Year Founded

2008

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: betaworks.com; User name format in descending order of probability: first, first_initial last, first '.' last

Group Appearance [how often fund is operating separately from groups with shared interest]

98.6% of cases

Investments per Year [average amount of rounds in which fund participates each year]

13-24

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

12.9% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x3.6

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

3 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.4 out of 1

Funds Investing in Previous
Rounds

Y Combinator, Techstars, Lerer Hippeau

Funds Investing Together

Thrive Capital, Index Ventures, Slow Ventures

Funds Investing in Following
Rounds

Lerer Hippeau, Tuesday Capital, Index Ventures

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