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Management consulting firm advising corporations and governments on strategic, operational, financial, and organizational issues.
Founded originally in Chicago in 1926 by James O McKinsey, with crucial early leadership from Marvin Bower, AT Kearney, and Guy Crockett, McKinsey & Company operates from its current headquarters in New York City. The premier management consulting firm advises multinational corporations and government entities on complex strategic, operational, financial, and organizational issues, generating its revenue primarily through lucrative project-based consulting fees. Recognized historically as the largest entity among the MBB strategy consulting firms, the organization competes directly for global market share alongside major industry peers like BCG and Bain. During its formative years, the firm pioneered the application of strict accounting and budgeting principles as essential tools for corporate efficiency and executive business decision-making processes. These foundational practices helped establish the rigorous professional standards that continue to define the modern management consulting industry today.
Key people at Consulting.
Key people at Consulting.
Bessemer Venture Partners (BVP) is a prominent American venture capital firm founded in 1911, managing over $9 billion in assets and ranked as the 3rd largest VC firm by fundraising in recent years.[1][2] Its mission centers on partnering with founders to build enduring technology companies, emphasizing conviction-driven investments in seed, early, and growth-stage ventures across enterprise, consumer, healthcare, and emerging tech sectors like cloud computing and AI.[2][3][4][5] BVP's philosophy, rooted in innovation from the Bessemer steel process, drives its support for startups transforming industries, with a notable portfolio including Shopify, Pinterest, LinkedIn, Yelp, Twilio, DocuSign, and Toast, significantly impacting the startup ecosystem through over 1,300 investments and operational expertise.[4][6]
The firm operates globally with offices in San Francisco, New York, Boston, Redwood City, India, Israel, Hong Kong, and the UK, fostering a network that accelerates portfolio growth and provides hands-on support.[1][2]
Bessemer Venture Partners traces its roots to 1911, when Henry Phipps Jr., co-founder of Carnegie Steel, established Bessemer Trust in New York to manage his family's wealth, spinning out Bessemer Securities with $20 million in assets for investments in securities, real estate, and early venture deals.[1][2][4][5] Initially family-managed, it faced setbacks in the 1970s from real estate losses but pivoted to tech and medical investments; by 1974, it accepted outside capital, opened a Silicon Valley office in 1975, and expanded to Boston for life sciences in the 1980s.[1][2]
The venture arm fully separated as BVP, backed by parent Bessemer Securities. Key evolution included international expansion starting in 2000 (India, Israel, Europe, Latin America), the first outside-investor fund in 2007, a $1.85 billion fund in 2018, and a seed fund for AI-health startups that year.[1][2] This progression from family office to global VC powerhouse humanizes BVP's resilience and founder-centric ethos.[5]
BVP rides waves of cloud computing, AI, SaaS, and healthcare tech, timing investments to capitalize on digital transformation and machine learning applications.[2][3][5] Market forces like exploding enterprise software demand and global tech adoption favor its focus, as seen in the Emerging Cloud Index and AI-health seed fund.[2] The firm influences the ecosystem by scaling startups into category leaders—e.g., Pinterest's social commerce evolution—and fostering international innovation hubs, while its longevity (oldest U.S. VC firm) sets benchmarks for conviction investing amid volatile markets.[1][3][6]
BVP's partner-led model positions it to lead in AI, next-gen cloud, and healthcare disruption, with trends like scalable SaaS and global AI adoption shaping aggressive fundraises and deployments.[5] Expect deeper AI commitments, expanded emerging-market bets, and more operational playbooks to evolve its influence, turning today's convictions into tomorrow's icons—echoing its steel-forged origins in building tech empires.[6]
