Benchmark (venture Capital Firm)
Benchmark is a venture capital firm responsible for the early stage funding of several successful startups. In 1997, the firm invested $6.7 million in eBay, which made it worth more than $5 billion by the spring of 1999. Other high-profile investments have included or currently include Instagram, Zillow, Zipcar, Yelp, Demandforce, and Proofpoint as well as Ariba, Juniper Networks, Red Hat, and Twitter. Benchmark is noted for creating the first equal ownership and compensation structure for its partners. The firm's general partners include Matt Cohler, Bruce Dunlevie, Peter Fenton, Bill Gurley, Kevin Harvey, and Mitch Lasky.
Since early 2011, six companies in which Benchmark invested went public and 13 were acquired for a total market value of more than $8 billion (as of October 2012). The Menlo Park, California-based firm announced in May 2012 it would be expanding by opening an office with more than 10,000 square feet in San Francisco’s emerging tech corridor, the Mid-Market neighborhood.
Read more about Benchmark (venture Capital Firm): Investments
Famous quotes containing the word capital:
“Had I made capital on my prettiness, I should have closed the doors of public employment to women for many a year, by the very means which now makes them weak, underpaid competitors in the great workshop of the world.”
—Jane Grey Swisshelm (1815–1884)