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This episode is about a firm who built one of the top franchises in venture capital benchmark that has incredibly managed to do both sequoia and andresan. This episode is about the empire they chose not to or maybe well There was a flirtation with an empire in there as we'll get into here. Benchmark famously believes that venture capital doesn't scale. They do So very anti benchmark approach we're taking this episode trade-off nothing go full depth into Gen one and Gen two fine Yeah, all right, we'll see on this guest Welcome to season 11 episode four of acquired the podcast about great technology companies and the stories and playbooks behind them.

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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