‘The Technology Opportunity of Our Lifetimes’: Bessemer's Byron Deeter

Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 17 October 2025

⏱️ 32 minutes

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Summary

In the latest episode of Goldman Sachs Exchanges: Great Investors, Byron Deeter, a partner at Bessemer Venture Partners, discusses the venture capital landscape and the most promising developments in artificial intelligence and the software industry with Goldman Sachs’ Ken Hirsch. This episode was recorded on September 23, 2025. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. © 2025 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to Goldman Sachs Exchanges, great investors. I'm Ken Hirsch, co-chairman of the Global Technology and Media and Telecom Group, and Head of Venture Capital Coverage within Goldman Sachs' global banking and markets business.
0:17.0	Today I have the great pleasure of speaking with Byron Deeter, partner at Bessemer Venture Partners.
0:22.8	Bessemer is one of the largest and best-known venture capital funds out there, and Byron himself
0:27.5	has backed 26 companies that are currently valued over a billion dollars.
0:32.0	Byron and I will discuss the venture landscape and the most promising developments in AI and
0:36.5	the software industry.
0:38.3	I'm particularly excited to hear his uniquely informed views about what tomorrow's most valuable companies are doing
0:43.9	today. Biron, welcome to great investors. Always fun to be with you, Ken. Thank you.
0:52.6	So before you were a venture investor at Bessemer, working with CEOs of promising companies,
0:59.4	you were a CEO of a promising software company yourself, working with the venture investors
1:04.5	at Bessemer.
1:05.9	Tell us about Trigo Technologies. What was the genesis of that company?
1:09.6	I got the bug for tech. So I was actually working at TA Associates at the time back when they did venture.
1:14.6	They've moved into private equity more now, but saw the market opportunity, went looking to
1:19.6	invest in a business that was addressing the supply side of the e-commerce and marketplace
1:25.6	wave, didn't find a company to invest in, and so decided to start it
1:29.2	instead, and was fortunate to get matched up with the Bessemer team as our investors at the time,
1:35.0	built the business through the dot-com crash and the early craziness of the early 2000s,
1:40.7	and we're fortunate to build it up, got to profitability, global scale, and then ultimately sold
1:45.4	to IBM and joined them for a year and a day back in mid-2000s.
1:50.1	And what motivated your decision to join Vesmer yourself?
1:53.3	I saw their product on the other side. As a CEO and founder, we were fortunate to work
	...

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