Welcome to Two Bear Capital We invest in brilliant entrepreneurs who have breakthrough ideas. Together, we build enduring companies. ; Welcome to Two Bear Capital We invest in brilliant entrepreneurs who have breakthrough ideas. Together, we build enduring companies. ; Our Story OUR Approach Our Focus Portfolio Two Bear Capital operates everywhere entrepreneurship thrives. We are a venture capital firm with offices in San Francisco, San Diego, Boston, and a home base in Whitefish, Montana, where the opportunities are bright and the thinking is clear.