We Work

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In 2018 when that wall street journal piece came out their holding in uber was worth eight billion dollars So that alone would have 16x the fund And I think at that moment They sold Some to soft bank in a transaction at that point in time Yep, that's their thing. On a lot of things sort of like along the way you got February 2018 benchmark sold almost half of its stake and snap and realized a billion dollars in gains Somewhere, I don't remember the time frame exactly but benchmark sold $900 million worth of uber shares to soft bank and at that point still owned seven billion as of 2018 In an aside actually on we work I was watching a video with Peter fenton and he said

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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