Benchmark Part I

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! 


Sponsors:


WorkOS: https://bit.ly/workos25

Sierra: https://bit.ly/acquiredsierra

Sentry: https://bit.ly/acquiredsentry

Anthropic: https://bit.ly/acquiredclaude25



More Acquired!


Get email updates with hints on next episode and follow-ups
from recent episodes

Join the Slack

Subscribe to ACQ2

Merch Store!



Copyright 2015-2025 ACQ, LLC

Links:

 Benchmark’s website circa 1997

 Benchmark’s website circa 2000

Benchmark’s website today

 Episode sources



Carve Outs:


Bill Gurley’s Runnin’ Down a Dream talk

Smartless Podcast

 Mitch Lasky on Invest like the Best

Ursula Le Guin’s Earthsea Cycle



‍Note: Acquired hosts and guests may hold assets discussed in
this episode. This podcast is not investment advice, and is
intended for informational and entertainment purposes only. You
should do your own research and make your own independent
decisions when considering any financial transactions.