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Reference index of the VC plant has deposited $ 425 million for its ninth flagship fund.
While other companies are closing multi-billion dollar venture capital funds despite a history of smaller fundraising campaigns, Benchmark is sticking to its guns. The company, known for its first bets on Twitter, Uber, Snap and WeWork, was not a victim of the SoftBank effect.
Bill Gurley, Long-time General Partner and Peter Fenton are listed on the repository alongside three new members of the partnership. Mitch Lasky reference staples and Matt Cohler, those who joined the firm in 2007 and 2008, respectively, are substantially absent.
Lasky's departure is not a shock. He resigned from Snap's Board of Directors in June, just after Recode announced do not sign up for another series of offers. "
Cohler, for his part, joined Benchmark ten years ago from Facebook where he was vice-president. At Benchmark, he was responsible for the investments in Dropbox, Domo, Duo Security and others.
In June 2017, he replaced Gurley at Uber Board of Directors. Gurley resigned from the race giant's board of directors after a highly publicized fight to remove founder Travis Kalanick from the sequel.
Cohler and Lasky should retain their seats on the board, according to Axios.
Sarah Tavel, Chetan Puttagunta and Eric Vishria will replace the pair in the new fund. Puttagunta joined NEA's venture capital firm in July. Tavel, Benchmark's first female partner, was hired about a year ago by Greylock Partners and Vishria, co-founder of the social navigation startup Rockmelt, joined the firm's fifth partner in 2014.
Despite staff shocks, Benchmark is preparing to have a nice 2018 year. Two of its portfolio companies, Upwork and Elastic, have submitted their S-1 registration statements to the SEC in September. The benchmark is the largest shareholder of both companies.
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