eBay and Benchmark - What Are They Gonna Do?

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In less than two years benchmarks stake grew? 100,000 percent. Why did eBay appreciate so quickly and to put a finer point on that they invested at a 20 million dollar pre money valuation And by the next spring the company was worth 21 billion dollars I think there are a few things the simple answer of is the world and the financial markets woke up to the power of the internet. There's no reason that that company should have been successful or existed yet But unforced errors just kept happening in front of them and they just kept having that open window Yeah, so fun such a fun sidebar and fun to tell it now from the eBay and benchmark side of things.

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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