Founder (1911, as Bessemer Trust) at Bessemer Venture Partners
View Live Interactive Profile →Henry Phipps Jr. was born in 1839 and left school at 14, working as a jeweler's apprentice and then as an office boy and bookkeeper before taking night courses in accounting. He became Andrew Carnegie's business partner and the second-largest shareholder in the Carnegie Steel Company, handling corporate finance for 36 years and holding about 11 percent of the stock at the company's 1901 sale. He founded Phipps Houses in 1905 and established the family office that became Bessemer Trust to manage his assets, the institution from which Bessemer Venture Partners descends. He died in 1930.