Apr 30, 2024 - Business

Scoop: New VC firm formed by a16z, Bessemer, and Index vets

Kia Kokalitcheva

Illustration of a hundred dollar bill with multiple Benjamin Franklin's in the center window. — Illustration: Aïda Amer/Axios

A trio of Silicon Valley venture capitalists focused on enterprise tech are forming a new early-stage investment firm, Axios has learned.

The big picture: In a time of slowed fundraising and firms reconfiguring their teams, it's no surprise to see some established investors choose to start a fresh endeavor.

Between the lines: Ethan Kurzweil (Bessemer Venture Partners), Kristina Shen (Andreessen Horowitz), and Mark Goldberg (Index Ventures) aren't strangers to each other.

Kurzweil and Shen previously worked together at Bessemer for several years.
Shen and Goldberg know each other from being on the board of compensation management startup Pave together, while Kurzweil and Goldberg served on the board of customer support chat company Intercom.

Flashback: Shen announced her departure from a16z to start her own venture firm, months after The Information reported the same about Goldberg.

Kurzweil announced earlier today that he was leaving Bessemer to form a new firm. Some of his better-known investments are Twitch, PagerDuty and Dropcam.

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Scoop: New VC firm formed by a16z, Bessemer, and Index vets

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