Location: Upper East Side
From a Wall Street trading floor to a global media and financial data empire, Michael Bloomberg's story starts in 1966 and never stops. This is how it was built. #TheVenture #MichaelBloomberg
This episode of The Venture traces the origin story of Michael Bloomberg, from his early years on Wall Street in 1966 to the founding of Bloomberg LP in 1981. Bloomberg was fired from Salomon Brothers and used his severance to build a financial data terminal business that would revolutionize how Wall Street consumed information. Over four decades, Bloomberg LP grew into a global empire spanning financial data, media, news, and technology, with Bloomberg terminals becoming indispensable infrastructure for traders, analysts, and institutions worldwide. The Venture series breaks down the pivotal decisions, the early struggles, and the defining moments that turned a single idea into a multi-billion dollar enterprise. This is the story of how one man, starting from nothing, built one of the most influential companies in the history of finance and media.
Bloomberg LP was founded in 1981, after Michael Bloomberg was let go from Salomon Brothers following its acquisition.
The Venture is a series that traces the origin stories of iconic entrepreneurs and companies, breaking down how they were built from nothing.
He used his $10 million severance from Salomon Brothers to launch a financial data terminal business that became Bloomberg LP.
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