Cook Potatoes: Pour 1 cup water in Instant Pot bowl then place 1 lb of evenly sized potatoes on steamer basket in Instant Pot bowl. Secure lid of instant pot and set vent to SEALING. Set to STEAM, and set timer to 10 minutes. Let pressure release naturally for about 5-7 minutes after timer goes off. Then open vent, remove lid, and take potatoes out of the Instant Pot. Cut into even sized pieces. Place in medium sized mixing bowl.
While potatoes are cooking, place 2 slices of bacon on a large skillet over medium heat. Cook until desired crispiness, between 5-10 minutes. Once done, set aside. Pour excess grease into heat safe bowl to save for later. Chop bacon once it's cooled enough to handle.
Mix salad dressing together by adding 2 tablespoon red wine vinegar, 1 tablespoon olive oil, ½ tablespoon dijon mustard, and ¼ teaspoon salt to a small mixing bowl. Mix until incorporated.
Add remaining vegetables and bacon to mixing bowl. Pour dressing over vegetables, and mix until well incorporated. Serve immediately or store in refrigerator until use.