@rphgrc.eth
Benchmark closed commitments of $2B across two new funds, including a $750M early stage fund and a $1.25B later stage fund, breaking a more than 20-year pattern of keeping funds ~$425M or under, as per TechCrunch.
In my opinion, the manuscript of the story should not be "Benchmark forgot how to invest", as I am reading too often. It is rather that the market it helped define may now be too expensive for the old playbook.
Read on Vertices Capital my comment and analysis for new and emerging LPs in hashtag#venturecapital to reading a classic VC firm’s style drift.
"Benchmark’s great unfreezing: when Benchmark says Yes to scale. An LP guide An LP guide to reading a classic VC firm’s style drift."
+ vertices.vc/benchmark
+ vertices.vc/apple
+ vertices.vc/spotify ..
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