Burr, Egan, Deleage & Co. (BEDCO) was a venture capital firm which focused on investments in information technology, communications, and healthcare/biotechnology companies.
BEDCO was one of the first venture capital firm to set up a bi-coastal operation with a presence in both Boston, Massachusetts and Silicon Valley in California.
From its founding in 1979 through its dissolution in 1996,[citation needed] BEDCO raised more than a dozen venture capital funds with total investor commitments of approximately $700 million.
One of the contributing factors in the dissolution was the departure of three of BEDCO’s junior partners, Jon Flint, Terry McGuire, Steve Arnold (Venture Capitalist).
Today the firm, which is based in Waltham, Massachusetts (just outside Boston), invests primarily in later-stage opportunities in the traditional media and telecommunications sectors.