The End of Venture Capital

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After tv I, dave goes on to found august capital. The venture business is an intensely personal relationship business and it's not an industry that scales well He says he would never consider adding a value added service Companies should do that themselves bill gates wouldn't let me bring in outside pr people and marketing talent That's what founders do my view is that the ceo ultimately is responsible and accountable for everything They are the ones who make the decisions the vc's are there to support and be steady Oh, I love that. So man, it's so funny even in the 90s, you know We joke about the original silicon valley history of there were like 10 people and everybody knew each

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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