Equity Back Loans to Pare and Jeff

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A portion of the 6.7 million dollar benchmark investment that went to the company's balance sheet I don't think any of it ever left the balance sheet. What we do know is that benchmark got 20% or more of the equity in ebay for their equity investment in ebay what was reported was that they owned 22.1% at IPO. Benchmark had also structured equity back to loans to pare and jeff in the amount of $750,000 each as a way to like Prevent them essentially give them an incentive not to take the Acquisition offer from night reader because they're sitting there. This is life-changing money Right.

Benchmark Capital. We tell the tale of the legendary equal partnership that accomplished something no other venture firm can claim: twice it has produced the highest returning fund of its cycle, each time with a 100% different GP lineup. If ever there were a playbook for successful generational transfer of a generational-defining venture firm, this is it. We spend 3.5+ hours digging into how the dotcom “eBay eBoys” transformed into the rockstar Fab Four of the Uber, Instagram and Snap mobile gold rush (spoiler: not by a straight line!), and what the future holds for Benchmark’s next GP generation. If you’re a student of the venture game from any angle — founder, GP, LP, etc — this is a story you need to tune in for!

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