The Benchmark Roller Coaster

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

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

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!

If you want more Acquired, you can follow our public LP Show feed here in the podcast player of your choice (including Spotify!).

Sponsors:
Statsig: https://bit.ly/acquiredstatsig24
Vanta: https://bit.ly/acquiredvanta
Crusoe: https://bit.ly/acquiredcrusoe

Links:

Carve Outs:

‍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.