Airbus In Addition To Bessemer Invest Inwards Impossible Aerospace Corp.(Plus Bessemer's Anti-Portfolio)

We are fans of Bessemer, come across after the jump.

From Forbes:

Impossible Aerospace Thinks Electric Drones Should Be Batteries That Fly

The query that Impossible Aerospace wanted to respond was: "What happens if you lot accept the electrical vehicle revolution as well as apply it to other industries?" That's according to CEO Spencer Gore, who is taking his companionship as well as unveiling a novel battery-powered quadcopter drone inward Las Vegas today.

The argue Gore as well as his squad approach flight drones inward this way – the company's official term for it is a "battery-first approach" – is because some of them were battery engineers at Tesla. Some were too motor engineers at that topographic point or worked at SpaceX, as well as Gore said it was this exterior thinking that helped them create an electrical drone called the US-1 that tin wing longer than most others, four times greater than the manufacture average, the companionship says. That agency a flight fourth dimension of close ii hours instead of or as well as then one-half an hr for other electrical drones.

"What we're trying to produce hither is create the highest-performance aircraft that electrical propulsion volition allow," he said. "What that actually agency is a rethinking from the solid set down upward of what an aircraft should await similar if it's electric, as well as that is a flight battery. I realized quite early that inward monastic tell to brand battery-powered aircraft possible, you lot had to create something that was basically 70-percent battery, past times mass."

So far, that strategy seems to live working. As business office of its world annunciation today, Impossible Aerospace said it has raised $9.4 1000000 inward Series Influenza A virus subtype H5N1 funding, backed past times Bessemer Venture Partners, Airbus Ventures, as well as Eclipse Ventures. Impossible Aerospace says that is has already started selling drones equipped amongst optical as well as thermal sensors to firefighters, police pull departments, as well as search as well as rescue teams in the U.S....Bessemer Venture Partners Anti-Portfolio
For the lastly eight or so years we've visited 1 of the best finance pages on the internet.
From Bessemer Venture Partners:

HONORING THOSE WE MISSED

The Anti-Portfolio

Bessemer Venture Partners is mayhap the nation's oldest venture uppercase firm, tracing our roots dorsum to the Carnegie Steel empire. This long as well as storied history has afforded our theater an unparalleled release of opportunities to completely screw up.

Over the course of written report of our history, nosotros did invest inward a wig company, a french-fry company, as well as the Lahaina, Ka'anapali & Pacific Railroad. However, nosotros chose to turn down these investments, each of which nosotros had the opportunity to invest in, as well as each of which later blossomed into a tremendously successful company.

Our reasons for passing on these investments varied. In some cases, nosotros were making a witting human activeness of generosity to another, younger venture firm, downwards on their luck, who nosotros felt could actually role a billion dollars inward gains. In other cases, our partners had already run out of spaces on the year's Schedule D as well as feared that some other entry would postulate them to attach a split sheet.

Whatever the reason, nosotros would similar to laurels these companies -- our "anti-portfolio" -- whose phenomenal success inspires us inward our ongoing endeavors to create growing businesses. Or, to position it some other way: if nosotros had invested inward whatever of these companies, nosotros powerfulness non yet live working.

	(acquired past times Hewlett Packard) BVP's Felda Hardymon was offered a seat inward Apollo Computer as well as passed.  Within a yr it was trading publically for 17x the cost that he was offered.  Apollo was afterwards acquired past times HP for an fifty-fifty greater value.
	BVP had the chance to invest inward pre-IPO secondary stock inward Apple at a $60M valuation. BVP's Neill Brownstein called it "outrageously expensive."
	In 1994, Gil Schwed pitched his see to BVP's David Cowan, who said that Gil would never larn distribution inward the US. The side past times side year, Check Point got a huge Lord's Day OEM bargain as well as sold $25M of firewall software.
	(acquired past times Unilever) Shortly after the commencement viral video* Ethan Kurzweil passed on investing inward the company. He figured Gillette was boundary to launch a competing subscription that would extinguish Dollar Shave’s momentum.  He was one-half right:  Gilette did launch a subscription, although it by as well as large served to drive awareness of Dollar Shave Club.  Influenza A virus subtype H5N1 few years later Unilever bought Dollar Shave guild for $1 billion.
	"Stamps? Coins? Comic books? You've GOT to live kidding," see Cowan. "No-brainer pass."
	Jeremy Levine spent a weekend at a corporate retreat inward the summertime of 2004 dodging persistent Harvard undergrad Eduardo Saverin's rabid pitch. Finally, cornered inward a dejeuner line, Jeremy delivered some sage advice "Kid, haven't you lot heard of Friendster? Move on. It's over!"
	Incredibly, BVP passed on Federal Express 7 times....

...MUCH MORE

*Here's the Dollar Shave Club ad: