“He had a degree from Johns Hopkins and went to Harvard Business School,” Bloomberg News Editor-in-Chief Matthew Winkler explained at Zillow’s Seattle headquarters.
Winkler, of course, was talking about New York City Mayor Michael Bloomberg, who founded the company after working as a general partner at Salomon Brothers in the ’70s.
“He said ‘Wouldn’t it be great to take all the data piled high in those newspapers and put them in a computer?’ The partners were very dubious about this … [but] he created the B Page, which became The Bloomberg,” Winkler said.
The Bloomberg is the basis for the company’s core product today: providing real-time financial information — everything from prices of stocks and bonds to currencies, securities and economic data — to financial institutions around the world. Until 1982, there was no way to know instantly whether today’s security was cheap relative to every price before it. The Bloomberg made this possible.
“Relative value and transparency — that’s where it begins,” Winkler said. “The Bloomberg was the most important catalyst in power and influence on Wall Street with investors.”
Winkler, who began his career as a journalist, joined Bloomberg L.P. in 1990. Under his direction, the company has grown to be a source for not only data and analytics, but also insight and news. In addition to more than 315,000 paid subscribers for dedicated Bloomberg terminals, the site has more than 20 million monthly visitors, Bloomberg TV is available in more than 310 million homes worldwide … and the list goes on.
“Original content and access to that content is the most important part of what we do,” Winkler said. “We are totally committed to producing more, better and faster content.”
Check out this video to learn more about Winkler’s story and the history of Bloomberg News.
Previous Zillow Speaker Series guests include:
- Exec and Justin.tv Founder Justin Kan
- Scripps Networks Interactive CEO Ken Lowe
- Darrell Cavens, CEO of Zulily
- Georgetown Brewing Co-Founder Roger Bialous
- Cinnabon Co-Founder Greg Komen
- TrueCar CEO Scott Painter
- Joel Spolsky of Stack Exchange
- Tom Douglas, chef and restaurateur
- Steven VanRoekel, White House Chief Information Officer
- Jay Inslee, then-candidate for Washington governor
- Gabe Zichermann, author and consultant
- Rob McKenna, former Washington attorney general and candidate for governor
- Ronnie Chan, chairman of Hang Lung Properties Limited
- Hadi Partovi, angel investor, startup investor
- GrubHub co-founders Mike Evans and Matt Maloney
- Seattle Mayor Mike McGinn
- Adam Goldstein of Hipmunk
- Adam Lashinsky, author of “Inside Apple”
- Sen. Maria Cantwell (D-WA)
- John Cook of GeekWire
- FCC Chairman Julius Genachowski
- Gordon Stephenson of Real Property Associates
- Bill Gurley of Benchmark Capital
- Richard Tait of Cranium
- Adrian Hanauer of Sounders FC
- Steve Souders of Google