Incentives of an Investor at a VC Firm

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The money is the scoreboard and your job is to provide Outsized returns for your limited partners. Making that senior partner's track record better not only does you know good It does you like net negative good because it widens the gap between them and you. Once you introduce a secondary incentive Which you have when there is anything junior senior and the incentive is become senior Then there's a misalignment and whether someone chooses to act on that They're not good for not doing it. They're not evil for doing it. It's just worth acknowledging that New incentive exists so it will change the behavior.

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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