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Standing out, finding the right investors, and the future of work | Roy Bahat (Bloomberg Beta)

Incorruptible: Why Good Companies Go Bad…

and How Great Companies Stay Great

Available to order at incorruptible.co

Watch or listen to the episode on YouTube, Spotify, or Apple.

Roy Bahat leads Bloomberg Beta, a venture capital firm focused on the future of work and how AI is reshaping it. The firm’s investments include Slack, Replit, Flexport, and MasterClass. Before launching Bloomberg Beta, Roy founded a venture-backed startup, served as an executive at News Corp., and worked in New York City government.

In this episode of The Eric Ries Show, I sit down with Roy to explore the relationship between founders, investors, and employees, and how to build companies that balance long-term success with the interests of the people who make it possible.

We discuss why founders need to maintain control of their vision, how to make governance decisions that reflect a company’s priorities, and why Roy sees organized labor and employee ownership as opportunities rather than obstacles to business success.

We also explore what distinguishes promising founders and Roy’s optimistic vision for a future where AI changes not only how we work, but the roles we take on throughout our careers.

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Where to find Roy Bahat:

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In This Episode We Cover:

(00:00) Intro

(02:44) Roy Bahat and Bloomberg Beta

(06:30) Why founders should treat VCs as vendors, not bosses

(10:22) Getting investors on board with Incorruptible-style governance

(16:14) Identifying founders who have thought deeply

(20:34) Why governance advice is hard to generalize

(21:42) Three things every company should do

(27:07) How Roy became passionate about organized labor

(36:20) Empowering employees to participate in the business

(38:48) Creating magnetic attraction at Bloomberg Beta

(43:03) What Roy looks for in founders and startups

(48:02) Managing people and agents side by side 

(50:10) The future of work