2min chapter

Acquired cover image

Andreessen Horowitz Part I

Acquired

CHAPTER

Benchmark Ventures

This was before their billion dollar fund which famously they said they'll never repeat. I think their funds were like, maybe 253 hundred million at this point in time. So the deal's going down. And the bench mark partnership doesn't like that mark is investing so much personally. He's not actively involved co founder. He's investing six million bucks. The post money valuation goes up based on the amount of money raise. If more money gets raised, then you're going to own less of the company. But people didn't do that back in the day....

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