ACQ2 by Acquired Early Stage and Enterprise Investing (with Chetan Puttagunta, General Partner at Benchmark)
Nov 11, 2019
Chetan Puttagunta, General Partner at Benchmark, dives into his investment philosophies and the unique structure of his firm. He discusses his first investment in MongoDB and lessons learned from tech giants like Elastic and Mulesoft. Chetan emphasizes the need for adaptability in a rapidly changing tech landscape, exploring the nuances of product/market fit. He highlights the importance of open communication with founders and how technology democratizes entrepreneurship, paving the way for innovation and growth.
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Focus on the Craft of VC
- Prioritize the craft of venture capital, focusing on partnering with founders.
- Dedicate time and effort to company building, avoiding scaling the firm itself.
Benchmark's Operational Structure
- Benchmark partners meet every Monday for open-ended discussions, fostering transparency and collaboration.
- This format promotes in-depth conversations and efficient decision-making without strict agendas.
Constant Communication and Shared Ownership
- Benchmark partners constantly communicate and collaborate through a group text, extending their Monday discussions.
- Being equal owners fosters a sense of shared responsibility and commitment to every portfolio company.