He was a baby GP in excel, but he was not a full GP. He's had a bunch of early wins At excel and he's clearly out there hustling. So those are the questions on the bench mark side There's a massive question for peter on the excel side even Let's take off the table whether excel made a counter offer for him to be a grown-up GP or not Whether they did or didn't is irrelevant. It's like oh, this is a firm that had one big win and some other wins in that fund I mean Look if you 90x a fund or whatever and only 40x of it comes from one company Clearly you had multiple winners But 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!
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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.