Acquired

Benchmark Part II: The Dinner

185 snips
Oct 17, 2022
Join Peter Fenton, Sarah Tavel, Chatham Williams, and Eric Vishria from Benchmark for a captivating discussion. They share insights on their unique investment strategies, the significance of informal dinners in fostering partnership culture, and the emotional complexities of venture decision-making. The team delves into what it takes to become a Benchmark GP and why there's no growth fund, along with their supportive ethos towards entrepreneurs. Listen to their humorous takes on family dynamics and the evolving landscape of venture capital!
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ANECDOTE

Chetan's Support Story

  • Chetan Puttagunta shared a story about supporting a portfolio company facing a difficult decision.
  • His last-minute trip to Europe and return for the Acquired podcast demonstrated commitment, changing the conversation's dynamics.
INSIGHT

Focus on Early Stage

  • Benchmark focuses on early-stage investments and avoids growth funds to maintain high returns and founder focus.
  • They believe scaling through their companies' success is more effective than scaling capital independently.
INSIGHT

Benchmark's Sourcing Challenge

  • Benchmark's biggest challenge is ensuring they meet with founders of potentially iconic companies despite their small size.
  • They acknowledge the risk of founders mistaking their limited outreach for lack of interest.
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