2min chapter

Acquired cover image

Benchmark Part I

Acquired

CHAPTER

The Benchmark Roller Coaster

It's funny because like 2000 this is still Very early in their wandering in the woods years of everything you're talking about right now But it raises a lot of the right concerns. The other screw up that they had is they really started changing strategy On their core stuff too. They did a late stage mezzanine investment in 1-800 flowers That was not a good investment right before their IPO. Why are they deploying capital into that? They had a billion dollar fund. To get on to the next one. So, you know again the benchmark roller coaster It continues it was up. It was down. It was up. And I think it was mark quami from sequoia

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