The anti-portfolio is a concept developed by our Californian colleagues from Bessemer that lists the companies in which this VC had the effective opportunity to invest, opportunities that were declined for different reasons and turned out to be notorious successes.

This page illustrates once again how Venture Capital is not an exact science and why VCs have good reason to be more humble.

Dear entrepreneurs to whom we have said no and to whom we will say no, be aware that we are well aware that the future will bring us unambiguous proof that our analytical and anticipatory capacities are often very imperfect.

On this page, we list the startups in which we could have invested since 2010 and which have been sold for a sum superior to €100M.