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Benchmark, one of Silicon Valley's most successful investors, chooses to no longer register as a partner.
Matt Cohler, a member of Uber's board of directors, considered one of the most pioneering and forward-looking investors in the industry, will not be part of Benchmark's next fund, according to a new regulation publication on Monday. Speculation has swirled for months on Cohler's projects, since he has become very rich since his debut on Facebook and LinkedIn.
Cohler joins another Benchmark partner who is not returning to growth, Mitch Lasky, as recoding reported for the first time in June.
The departures allude to a broader challenge in the business world: how does a famous and welded partnership keep its brand shine by changing its staff?
Venture capital firms, which succeed through privileged access to emerging entrepreneurs and recognizing the characteristics of companies, can often stumble when they pass from an older group of investors to a venture. younger group. Traditionally, referral partners do not generally take their daily investments at age 50. However, Mr. Cohler is only 41 years old.
Cohler is one of the most successful investors in his age group, with early investments generating money in companies like Duo Security and Domo.
Cohler did not immediately respond to a request for comment, but he is expected to keep his current seats on the board of directors. Uber confirmed that he remained on his board.
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