The One Thing They Didn't Do Is They Don't Bring on Junior Partners

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Sequoia was a CEO firm Don valentine was the CEO and then mike mr. It's with ceo and leony was ceo. Pretty much right away our in agreement on after ebay Is let's bring in a sixth partner a new equal general partner Let's continue the model, maybe we'll pursue some of these other things too,. But in our minimum it's time to bring in a new general partner So When you do this and they've done this before of course with david berm, but it was different nowIt's benchmark back then it was benchmark capital. I haven't heard you guys like now Benchmark it is. What a great episode that

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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