Fund Rise Innovation Fund

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This episode we talk to Ben Miller, CEO and co-founder of fund rise about what it means to be a life-stage company these days. There's 675 unicorns in the United States with more than trillion dollars of market cap that people ordinary individuals 98% of the country can't invest in. The only way to get access Is to pay 20% carried interest 20% of the upside to a venture fund as a toll like aAccess fee which just doesn't make sense. Our mission is To tear down the artificial divide between public and private markets this divide was created a hundred years ago that no longer makes any sense.

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.