I look at my cap table and I look at where the equity went. And this is what burns me, which is there's a lot of people on that cap table that say, they bought a ticket. So true. They made a huge impact on our total success. And that's equity that was the best return on my allocation of that equity. That's how I think and it may be there'll be a model where we're not going to be CIA, where we take 10% and all that. But you know, the capital light, you couldn't raise less. If you raised 400 million in your next fund and you have five fewer companies, your scoreboard number could go up
We sit down with all five current Benchmark GPs for one of their legendary weekly dinners, during which we ask all of the unresolved burning questions from Part 1. How do THEY think about Benchmark v3? What are their day-to-day emotions trying to keep the equal partnership “bending toward greatness? Why is there no growth fund? What does it take to become the next Benchmark GP? Why is there a secret Principal program? We cover all these and much, much more. We also recorded the whole thing on video — which we highly recommend watching even if you normally only listen to the audio feed!
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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.