Karin Klein has been a partner at Bloomberg Beta since June of 2013, but has more than 20 years of operating and venture capital experience. At Bloomberg Beta, she oversees investing activities on the East Coast. The $75 million venture fund—backed by Bloomberg L.P.—aims to invest in and create early-stage technology companies.
Klein is also a mentor for TechStars, New York City Economic Development Corporation and First Growth, and she is an advisor to entrepreneurs and high-growth businesses, including serving on the boards of Bloomberg Sports and L’Oreal’s Women in Digital. She speaks and serves as a judge at conferences focusing on online media and entrepreneurship.
Prior to joining Bloomberg Beta, she headed new initiatives at Bloomberg. Before that, she was vice president at Softbank’s venture fund. There, she sourced and served on the board of Buddy Media before it was acquired by Salesforce.
Klein graduated on the Director’s List with an M.B.A. from the Wharton School and has two undergraduate degrees from the University of Pennsylvania: a B.S. from the Wharton School and a B.A. from the Annenberg School of Communications. She graduated summa cum laude and Phi Beta Kappa.
Partner at Bloomberg Beta (Founded in 2013)
Data, Technology Platforms, Content Discovery, Media Distribution, Networks and Communities, Human-Computer Interaction, Radically New Organizational Models.
Buddy Media- member
O’Reilly’s Web 2.0 Expo New York- advisor
The Paley Center’s All Things Media- advisor
Bloomberg Sports- advisor
L’Oreal’s Women in Digital- advisor
Startups, Entrepreneurship, Venture Capital, Business Development, Strategic Partnerships, Corporate Development, Mergers & Acquisitions, Business Strategy, Digital Media, Investments, Leadership, Product Management, Private Equity, Angel Investing, Data.
Blogs, Twitter & Websites:
On the importance of understanding that raising money takes time: “Entrepreneurs often underestimate the time it takes, [but] it takes longer than they predict. Fund-raising is a process; it’s almost a full-time job, in addition to managing. I advise that they start earlier so they don’t run out while raising capital. It gives them more leverage and time to find the right partner.”
Why it’s better to get a referral: “It always helps to be introduced to a venture capitalist or an angel through somebody that they know. The unsolicited e-mails that get sent with a new business don’t often get priority. [An introduction] shows that the entrepreneur is connected. It’s such a small community—it would be odd if they couldn’t be introduced to one of the professionals.”
The dangers of an unfocused pitch: “A lot of times people come in with too many slides. It certainly shows thoroughness, but it also raises the question of whether or not one can focus.”