Benchmark and Venture Capital - The Absolute Crux of the Answer

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There's two ways that this Partnership model in the bench mark style can play out depending on the personalities involved For most groups of people I think it actually trends towards mediocrity. The branchmark firm model is very very much in the minority There may not even really be any other firms that are structured the same way as them. They're not evil for doing it. It's just worth acknowledging that New incentive exists so it will change the behavior.

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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