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> To make billions of dollars out of Uber, like Benchmark Capital did, the secret is to invest millions of dollars in the Series A and then allow other investor
by arbuge 7y ago
> To make billions of dollars out of Uber, like Benchmark Capital did, the secret is to invest millions of dollars in the Series A and then allow other investors to invest the extra billions needed to scale the business and fund ongoing losses.
They missed a step there. The first thing is to get your fund to have Benchmark's reputation to have a chance to look at and invest in a deal like Uber early on.
For those not familiar with Benchmark, they made their name on Ebay. They go way back.
- imjk 7y agoIt's funny you're saying this about Benchmark. Didn't they have a bitter lawsuit with some founders they invested in? https://venturebeat.com/2005/01/25/epinions-founders-sue-benchmark-august-et-al/ https://venturebeat.com/2005/01/25/epinions-founders-sue-ben...