Mike Goguen is the Founder and Managing Partner of Two Bear Capital, a venture firm headquartered in Whitefish, Montana. See sector focus and contact routes.
Mike Goguen is the Founder and Managing Partner of Two Bear Capital, a venture firm headquartered in Whitefish, Montana, with offices in Silicon Valley and other major cities. He previously spent nearly 20 years at Sequoia Capital, where he led 54 early- and growth-stage investments totaling over $67 billion in market value. Two Bear Capital focuses on early-stage companies in biotechnology, bioinformatics, artificial intelligence, machine learning, enterprise software, and cybersecurity. The firm’s investment thesis targets difficult problems ranging from neurodegenerative diseases to precision oncology and advanced network architecture. While specific check sizes and lead/follow behavior are not publicly detailed, Goguen has served as a board member at portfolio companies including Inimmune, Graphiant, Elisity, pulseData, Novoron Bioscience, and Dymium. Notable portfolio companies include Inimmune, Graphiant, and Elisity, all of which he actively supports through board roles. Goguen is also known for his philanthropy and first-responder work with Two Bear Air, which has completed over 600 helicopter search-and-rescue missions in Montana.
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