The topic of Benchmark (venture capital firm) is of great interest and relevance in today's world. It is a topic that covers multiple aspects and has a significant impact on society, the economy, politics and culture. Throughout history, Benchmark (venture capital firm) has been the subject of debate, analysis and study, demonstrating its importance in different contexts. In this article, we will explore the different facets of Benchmark (venture capital firm), examining its influence in various areas of life. Whether at an individual or collective level, Benchmark (venture capital firm) awakens the interest of a wide audience, generating reflection and debate about its meaning and consequences today.
Matt Cohler, General Partner Peter Fenton, General Partner Bill Gurley, General Partner Mitch Lasky, General Partner Eric Vishria, General Partner Chetan Puttagunta, General Partner Sarah Tavel, General Partner Miles Grimshaw, General Partner Victor Lazarte, General Partner
The firm's most successful investment was a 1997 investment of $6.7 million in eBay for 22.1% of the company. In 2011, it invested $12 million for an 11% stake in Uber, worth $7 billion in 2019 and $9.4 billion in 2023.
Benchmark is noted for creating the first equal ownership and compensation structure for its partners. The "maverick" firm differs from most VC firms, which are named for their founders and are structured hierarchically; Benchmark was described by Fortune as "a lean operation in which its six full-time partners share profits equally." While there are no differentiation between its "junior partners" and "senior partners," there is also no CEO-like position held.
In popular culture
Benchmark Capital was featured in the Apple TV+ original TV series WeCrashed starring Jared Leto and Anne Hathaway. In the show, Anthony Edwards portrays Benchmark co-founder Bruce Dunlevie, who became WeWork's first major investor on the 1st of April in 2012 when Benchmark led WeWork's $17 million Series-A seed funding.[citation needed]
Benchmark was also featured in the Showtime original Super Pumped starring Joseph Gordon-Levitt. In the series, Kyle Chandler plays Benchmark General Partner Bill Gurley, portraying his involvement in leading Ubers' $11 million round of fundraising in February 2011.
^Stross, Randall (December 29, 2009). eBoys: The First Inside Account of Venture Capitalists at Work. Ballantine Books (May 29, 2001). p. 89. ISBN978-0-345-42889-9.