You're Gonna Leave for a GP in a Fund

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For this model to work, you need every active General partner every owner of the firm Everybody who is in that equal slot to be bringing it at an equal level. I think a lot of these things Especially after talking with folks who are and have been partners are implicit. They have an awareness of how unbelievably delicate the trust is.

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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