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Benchmark's interest lies in protecting the value of their investment and liquidating it as soon as possible. This can be very different from employees' intere
by smallgovt 9y ago
Benchmark's interest lies in protecting the value of their investment and liquidating it as soon as possible.
This can be very different from employees' interest in the case where Benchmark seeks to sell their stake via a private transaction (e.g. to Softbank).
I'd also add that Benchmark couldn't care less if the company 'grows'. They've already made enough money to return their fund many times over. Their strategy now is mainly to mitigate risk to the paper value of their holdings.
- BinaryIdiot 9y agoFair point. I can't exactly blame them either.