Benchmark is a venture capital firm based in San Francisco that has provided seed money to startups since 1995. The firm’s most successful investment was a 1997 investment of $6.7 million in eBay for 22.1% of the company. In 2011, it invested $12 million for an 11% stake in Uber, worth $7 billion in 2019.

Companies funded by the firm include Dropbox, Twitter, Uber, Snapchat, Instagram, Discord, Domo, New Relic, Nextdoor, Stitch Fix, WeWork, Yelp, Zendesk, Zillow, and Zipcar.

Since early 2011, Benchmark has had 37 exits, including 14 IPOs and 23 mergers and acquisitions, representing a total market value of more than $60 billion. By 2015, Benchmark’s eight funds had paid out $22.6 billion to investors, and its backers received a 1,000% gain net of fees over the prior decade.

The firm manages nearly $3 billion in committed capital and has been widely recognized for its commitment to the open-source.


Last updated byAnonymous on March 10, 2020
328 reads