Need info/sources on Michael Bloomberg’s bankruptcies

Cire · March 25, 2020, 12:25am

Hello fellow deplorables,
A little while back Sean Hammett spoke about all the bankruptcies that Michael Bloomberg has had. Can anyone point me to a source for this information? A couple liberal coworkers are saying it is BS. Any help to show them the light would help tremendously.

Thanks,
Cire

calirepub · March 25, 2020, 12:27am

Have you tried googling to see if it’s true or not?

Cire · March 25, 2020, 12:46am

Bloomberg has massive control of the media and internet. If you search “Bloomberg and bankruptcies” even the good news is missing, this is how I know that it is scrubbed.

Cire · March 25, 2020, 12:46am

Sorry for the misspelling of Hannity, typing on a phone and I didn’t catch the autocorrect.

NebraskaFootball · March 25, 2020, 12:53am

Bloomberg has never had any declared bankruptcies. Your liberal co-workers were correct. Glad to have been of service. Welcome to the forum.

wayoutwest · March 25, 2020, 12:55am

I see… the absence of proof is clearly supporting evidence.

You’re gonna fit right in here Welcome aboard.

Also, if you’re a Trump supporter, and you’re trying to rush back to your buddies with info on Bloomberg’s supposed bankruptcies… all I can say is I’d love to be a fly on that wall. lol.

calirepub · March 25, 2020, 12:56am

I don’t believe in conspiracy theories like this. Google knows everything. The Internet is forever.

Cire · March 25, 2020, 1:39am

I understand, but it does not make sense that a venture capitalist, who has funded 1,000s businesses, never had one fail. Shark tank investors, poor in compared to MB’s wealth, talk about how many of their gambles have failed. Occam’s Razor.

TheDoctorIsIn · March 25, 2020, 1:42am

Michael Bloomberg is not a venture capitalist.

I’m not aware of any businesses that he’s been involved in aside from the one that bears his name.

Cire · March 25, 2020, 1:51am

He started a firm.

TheDoctorIsIn · March 25, 2020, 1:57am

Ok.

Is that what you’re talking about? If any of the companies he’s funded have gone bankrupt?

TheDoctorIsIn · March 25, 2020, 2:00am

Here’s a list of companies that Bloomberg Beta has invested in:

github.com

Bloomberg-Beta/Manual/blob/main/2 - In our portfolio.md

# Bloomberg Beta founders and their startups

We are actively backing new companies. That said, many of our companies prefer to wait to announce their fundraise, so the lists below, particularly for recent investments, are missing many unannounced investments.

Below are our (publicly announced) investments, ordered by fund. While we know that many readers of this page want to know our best-performing companies, it's important to us to be transparent about all our investments -- all founders we've backed are our customers. Our most important metric is founder NPS; every founder gets the same vote in deciding our reputation. If you're interested to know which companies the broader community finds most interesting, see our [Wikipedia page](https://en.wikipedia.org/wiki/Bloomberg_Beta).

Curious [why a founder would want to work with us](https://www.youtube.com/watch?v=HWgd-2d_Cpw), hear directly from them [here](https://workingwithbloombergbeta.capsule.video/) or keep reading for a few excerpts:

+ **Kieran Snyder, Textio**: “Within a few minutes of meeting us -- at a time when we didn't yet have a product -- Roy made observations about our eventual go-to-market that were so insightful that we knew we had to work with him.” 
+ **Scott Heiferman, Meetup**: "Karin's been investing in the New York tech community since before it was cool, before it was big. Karin is a reason why New York is on the map in today's tech economy, she's in it for the long haul. She's always there for entrepreneurs."
+ **Ryan Petersen, Flexport**: "I use [Roy's] advice really effectively, and it is part of why we're a shipping company that people have actually heard of is that we, I listened to Roy, and I did as he said, and I really, really appreciate it. It's not too many investors that really did something that lastingly contributed to the company's success.
+ **Anthony Goldbloom, Kaggle**: "The thing I loved most about working with Bloomberg Beta is that the advice I found and received wasn't just rehashed Silicon-Valley-conventional wisdom, but rather guidance that was creative and very much tailored to the specifics of my situation.”
+ **Amjad Masad, Replit**: "Roy took my meetings when others wouldn't open my emails. Without Bloomberg Beta's long-term view we wouldn't be where we are today."
+ **David Rogier, MasterClass**: "Bloomberg Beta has been there for us from the beginning. I still text and talk with James and Roy all the time. Not only are they really smart, they’re also good people."
+ **Christine Tao, Sounding Board**: "Bloomberg Beta...has their own perspectives and they're willing to invest and put their money behind founders without having to look at who else is in the round, or just following trends."
+ **Lukas Biewald, Weights & Biases**: "James was my first choice of investors I wanted to work with in my second company because he's so good at pushing me to think clearly and so relentlessly positive and thoughtful.”

|                                                                                                                                                                                                                                                                                                           |                                                                                         |
| :-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | :-------------------------------------------------------------------------------------- |
| **Current Fund**                                                                                                                                                                                                                                                                                   |                                                                                         |

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I don’t think Bloomberg the man has any personal involvement in Bloomberg Beta.

Cire · March 25, 2020, 2:19am

Yes, the ones that he started up or acquired.

BlueHeron · March 25, 2020, 2:29am

Are you sure you didn’t men to speak of trump’s bankruptcies?

Cire · March 25, 2020, 2:40am

I am willing to bet that Trump has many more bankruptcies and failed businesses that are hidden.

AlexMcAlpine · March 25, 2020, 2:52am

If he funds businesses with his own money and they fail, he’s just out his money.

It’s not like he buys a business and then drives it into the ground.

AlexMcAlpine · March 25, 2020, 2:56am

This is a piece critical of Bloomberg and several of his failures while in office. (He had several “appointing people with no experience to high positions” moments of his own for example)

If he’d had any bankruptcies they’d have mentioned it.

There was enough critical stuff without that.