Coalition: A new fund meets new economic model
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Coalition: A new fund meets new economic model
Benchmark’s self-proclaimed “fundamentally better architecture” was based on a bedrock tenet: equal partners, without hierarchical separation, with equal votes and equal compensation. They had used it brilliantly from the beginning to differentiate themselves from the rest of the firms on Sand Hill Road.
Randall E. Stross • eBoys: The First Inside Account of Venture Capitalists at Work
54:50 - Slack created a venture fund attached to their ecosystem so they would try to be financially aligned with their ecosystem as much as they could.
Mark McGranaghan • Platforms with Joe Wadcan // Metamuse podcast episode 63
What if instead of founders pitching investors, investors pitched to communities?
Proud to welcome @a16z @PaceCap @KindredVentures @sparkcapital and @ljin18 to the FWB family through a $10M governance proposal.
Here’s how we did it, why did it, and how your community can too.
WeWork raised $40 million from investors, led by DAG Ventures, a private equity firm that often invested bigger checks into companies that Benchmark had already backed. The Series B round valued WeWork at $440 million—double the offer from Goldman Sachs.