The Cash and Cash Multiple Is a Real Problem for LP's

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I think of it as an LP and the benchmark fund. The purpose is not, we don't show up and say, let's drive returns. It would be alienating to everything we stand for to think of it that way. Asymmetry is a 20x, 50x, 100x fund. And I want this to be- many of us are this place where we pay crazy.

We sit down with all five current Benchmark GPs for one of their legendary weekly dinners, during which we ask all of the unresolved burning questions from Part 1. How do THEY think about Benchmark v3? What are their day-to-day emotions trying to keep the equal partnership “bending toward greatness? Why is there no growth fund? What does it take to become the next Benchmark GP? Why is there a secret Principal program? We cover all these and much, much more. We also recorded the whole thing on video — which we highly recommend watching even if you normally only listen to the audio feed!

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‍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.