Founded in 2008, Betaworks is a company of builders, structured as a company– a single company that owns larger pieces of the things it has built and smaller pieces of the things it has invested in. It operates as a network: a tightly linked network of ideas, people, capital, and data united to build out a more inspired and useful connected world. Betaworks makes seed-stage investments; typical investment size is $150,000-200,000, and they always invest as part of a syndicate of angels and early stage VCs. Investments must be early stage, heavily tech focused, and have a working (public or private) prototype. Warning: Betaworks is a PowerPoint-free zone.
Date founded: 2008
Ken Lerer, Chairman
John Borthwick, CEO & Founder
Current Investment Team Size: 9
Portfolio/Investments: 40+ (Yo, Airbnb, instapaper, Giphy, SocialFlow, Chartbeat, Rebelmouse, Stocktwits)
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