I just discovered a wonderful lesson in self-awareness on Bessemer Venture Partners web site : their anti-portfolio. All the great companies they could have invested in – but didn’t.
I guess any venture fund is bound to have such missed opportunities. Not every fund, however, will reflect on them with as much humour :
Our reasons for passing on these investments varied. In some cases, we were making a conscious act of generosity to another, younger venture firm, down on their luck, whom we felt could really use a billion dollars in gains. […]
Whatever the reason, we would like to honor these companies — our “anti-portfolio” — whose phenomenal success inspires us in our ongoing endeavors to build growing businesses.
(via : Who has time for this ?)