Boston-based venture capital firm Matrix Partners has lost its New York-based partner. Star investor Nick Beim, who had been with Matrix for 12 years and in New York for the firm since 2010, has joined Manhattan-based Venrock.
A Venrock spokesperson says the firm is not commenting on Beim’s switch. But according to Beim’s Linkedin page, he joined Venrock this month. Venrock’s website says Beim will continue to focus primarily on Internet, mobile, SaaS, adtech, and big data investments, just as he did at Matrix.
His Venrock bio says Beim “has a particular affinity for viral consumer services, online marketplaces, online collaboration networks, new forms of performance-based marketing and low-friction SaaS companies.”
At Matrix, Beim led the initial investments in several well-known Internet companies including Gilt Groupe, Care.com, Intent Media, and TheLadders.com.
Venrock also cites Beim’s active angel investing, indicating that will continue. Beim’s angel portfolio includes mobile marketing startup Fiksu, TripAdvisor-owned vacation rental site FlipKey, and Vietnamese recruiting portal Navigos Group.
Author: Catherine Arnst
Catherine Arnst is an award- winning writer and editor specializing in science and medicine. Catherine was Senior Writer for medicine at BusinessWeek for 13 years, where she wrote numerous cover stories and wrote extensively for the magazine’s website, including contributing to two blogs. She followed a broad range of issues affecting medicine and health and held primary responsibility for covering the battle in Washington over health care reform. Catherine has also written for the Boston Globe, U.S. News & World Report and The Daily Beast, and was Director of Content Development for the health practice at Edelman Public Relations for two years. Prior to joining BusinessWeek she was the London-based European Science Correspondent for Reuters News Service. She won the 2004 Business Journalist of the Year award from London’s World Leadership Forum, and in 2003 was the first recipient of the ACE Reporter Award from the European School of Oncology for her five-year body of work on cancer. She holds a bachelor’s degree in journalism from Boston University.
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