Entrepreneurial Dna Is a Good Thing for Venture Firms

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They had to go make this work or they were out of the industry. Their back was against the wall. They burned the boats. There is no other path forward So they need some more folks now. This Recruit to bring in to join them who also is in the same position and of course who they do bring in which is Bruce's partner andy from merel pickard. Now you got three now you got three you got three pretty good folks and Bruce says You know, hey look, we're having a tough time convincing other Venture guys to come join us other gps. And he says I think I know just the guy a former entrepreneur who I worked with sat on his

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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