Sally Kohn: If you were to ask dolly to paint the picture of a benchmark GP it would come out looking exactly like Sarah because she started her career in venture as a junior analyst at bessimer. She then goes and joins Pinterest as a very early employee Spends years there helping scale Pinterest and working with Ben and the CEO, before going on to graylock. In some ways she's like the bill protégé That sort of takes his place afterwards. No one's a clone of each other, but you can sort of see where Sarah's swim lane emerged from when they were thinking Who do we need someone like?
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!
If you want more Acquired, you can follow our public LP Show feed here in the podcast player of your choice (including Spotify!).
Sponsors:
Statsig: https://bit.ly/acquiredstatsig24
Vanta: https://bit.ly/acquiredvanta
Crusoe: https://bit.ly/acquiredcrusoe
Links:
Carve Outs:
Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.