Welcome to
Two Bear Capital.
Welcome to
Two Bear Capital.
We’re based in Whitefish, Montana, where the skies are wider, the opportunities brighter, and the thinking clearer.
ABOUT US
From here we can see the future.
Two Bear Capital is led by Mike Goguen, a 20-year veteran of Sequoia Capital. Between 1996 and 2016 Mike sponsored and led 54 company investments to a combined market value exceeding $64 billion. Mike had 26 companies exit above $100 million – 11 of those above $500 million, 6 above $1 billion and 3 above $10 billion in peak market value. He led investments across sectors including cyber security, bioinformatics, biopharma, IT infrastructure, and semiconductors.
Our story
When you can work any place, the only thing that matters is place.
In the early 2000s Mike Goguen visited Whitefish, Montana and fell in love with its wide open spaces. It wasn’t long before he transitioned his 20-year career as a successful Silicon Valley VC to become a Montana-based philanthropist.
Since then, Mike has helped create and fund Two Bear Farm, a certified organic local farm; Two Bear Therapeutic Riding Center; and Two Bear Air Rescue, which has completed over 600 back country search and rescue missions. Currently, Mike is planning a biotech incubator in Whitefish.
Over time, Mike’s commitment to community service intersected with his entrepreneurial spirit. As new tools provided the ability to bring together talented people working at the forefront of innovative technology with start-up ecosystems around the country, Mike recognized a unique opportunity to connect access to capital with access to opportunity.
The result is Two Bear Capital.
Our Approach
We invest early in founder-led companies with disruptive innovations in AI, cybersecurity, healthcare, and biotech that can deliver dramatically better solutions to our toughest problems.
Our goal is ambitious: build a virtuous cycle of economic opportunity, create high impact companies along with jobs for communities, and in the process, change the world for the better.
In addition to capital, we provide our founders with the talent, skills, and experience required to guide their business through every stage of growth, from seed to market leadership.
The companies we help build are poised to deliver massive positive change along with exponential growth in value.
PACIFIC NORTHWEST
BAY AREA
San Diego
Montana
BOSTON & NYC
COMPANIES
We help build companies whose breakthroughs will deliver impact on a world-changing scale.
COMPANIES
We help build companies whose breakthroughs will deliver impact on a world-changing scale.
“We share a singular aspiration to build companies that make the world better.”
OUR TEAM
VALUES
Two Bear Capital exists to partner with exceptional teams to help them solve problems that matter - problems that, when solved, will make our world a better place
HONE RAZOR-SHARP LOGIC
Distilling complicated problems and technologies into essential elements is difficult. We hone razor-sharp logic, beginning from first principles, in order to concisely communicate, make decisions, and solve problems.
FOSTER DIFFERENCES AS A SOURCE OF STRENGTH
We celebrate our differences as strength. By actively seeking and combining different viewpoints, backgrounds, cultures, and experiences, we strive to better understand problems and collectively create better solutions.
STOKE PASSION
Passion and grit are critical ingredients to doing anything of consequence and we believe there are brilliant, passionate people everywhere. When passion and grit align, anything is possible.
SERVE OTHERS
Add value to every interaction. Be candid with investors, teammates, and strangers. We help others on their journeys and invest in relationships built on foundations of trust.
PURSUE A LIFETIME OF LEARNING
Lifelong learning is sustained by an infinite curiosity about the world and how things can be made better. We seek constant improvement, honest and open introspection, and encourage productive debate.
