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Ada
Ada develops a chatbot platform that makes artificial intelligence accessible to non-technical support teams.
Brian is a partner in the San Francisco office and he focuses on investments in enterprise software. He is passionate about working with founders who are shaping their industries and often don’t fit the Silicon Valley mold.
Brian has been at Bessemer since 2008 and has invested in 5 companies that have gone public. Brian led the first institutional investments in Procore (IPO), Wildlife Studios, Restaurant365, Enjoei (IPO), and Ada, early-stage investments in Weave, Mambu, TractionGuest, and Clio, and growth-stage investments in nCino (IPO) and Bumble (IPO). Brian also led growth buyouts of LiveAuctioneers and Beyond.
During his time at Bessemer, Brian supported investments in Gainsight, Mindbody (IPO), Playdom and helped found Columbia Lake Partners, a European venture debt fund. Prior to Bessemer, Brian worked in the private equity group at Blackstone and founded an online advertising agency.
Brian graduated from Harvard University and sits on the board of the Heckscher Foundation for Children.
Brian came to the United States at age four after his parents uprooted their lives to go in search of a better future. After they moved, Brian watched his father build a business from scratch, and through that experience, he developed a lifelong respect for founders and their courage.
As a vertical software investor, Brian values industry expertise more than early hype and looks for scrappy founders who are building enduring businesses. He’s been working with industry-defining software companies for the past 15 years, and learning a lot along the way (you can read about some of the lessons here).
“People say venture capital is a pattern-recognition business, but the biggest opportunities exist where those patterns break.”
When Brian first met Procore’s founder and CEO, Tooey Courtemanche, nothing about him or his business fit the profile of a typical venture capital investment. Based in a town better known for its surfing than its entrepreneurship, Tooey spent a decade struggling to drive adoption of Procore’s product before ultimately building the largest company in construction software.
The Bessemer team had done enough market mapping work to believe that Procore was going to revolutionize construction, so they led Procore’s first institutional round in 2014. With a front-row seat to Procore’s evolution from startup to public company, Brian was able to see everything it took for the company to grow from $5 million to over $1 billion in revenue.
Brian takes great pride in being his CEOs’ first call and thought partner, and helping them navigate thorny problems and new opportunities. As the largest investor in most of his portfolio companies, Brian feels enormous personal responsibility for guiding CEOs on the path to industry leadership —- whether that be by supporting them in crafting a financial plan, prioritizing the product roadmap, developing a fundraising strategy, or closing an important hire.
Invest Like the Best with Patrick O’Shaughnessy: Bessemer Venture Partners – Building a VC Firm that Lasts Centuries on Apple Podcasts