The seven fab four glory fest in march of 2015 really was like kind of the apex I think of this era Ironically after eric joined so there were five at this point, but eric had just joined eric fisheria Who we'll talk about in a sec. On average each partner takes one board seat per year And when they take a board seat they invest at the series a and they own 15 20 plus percent in those days.
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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