Managing Director, Bloomberg Beta
Roy Bahat (@roybahat) is the head of Bloomberg Beta, an early stage venture capital firm with $150M under management capitalized solely by Bloomberg L.P. Bloomberg Beta invests in companies that make business work better, with a focus on machine intelligence.
Bloomberg Beta has an unusual model for a corporate-backed venture fund. It invests for financial return and strives to work in the same new ways as startups — transparent (with its full operating manual open sourced), driven by data (with a program to statistically predict who will start companies in the future), and highly dependent on trust.
Roy is also the co-chair of Shift: The Commission on Work, Workers, and Technology which is an initiative announced earlier this year by Bloomberg and think-tank New America to bring together leaders within academia, technology, business, and government to look at the effects of technology and automation on the future of work 15-20 years out.
In the past, Roy has spent time building startups from day zero, as a corporate executive, in government, media, and academia — and is one of Fast Company’s Most Creative People in Business.
He was the founding chairman of OUYA, a Kickstarter-backed game console company acquired by Razer. For five years, he ran News Corporation’s IGN Entertainment (where he hired software engineers without looking at their resumes), and was in the office of News Corp.’s chairman. Before that, Roy was in government in the office of New York City mayor Michael Bloomberg and was a short-lived consultant at McKinsey & Co.
Today, he is on the faculty at U.C. Berkeley where he teaches about media at the Haas School of Business. He serves on the boards of CodeNow, a nonprofit teaching technology skills to underprivileged students, and the Center for Investigative Reporting, a nonprofit newsroom.
Roy graduated from Harvard College, where he ran the student public service nonprofit. He was a Rhodes Scholar at Oxford University. He shares what he’s learning at http://also.roybahat.com.