Tag: Benchmark
Benchmark fills out its, yes, bench, with Miles Grimshaw
Benchmark, the storied venture firm, has brought aboard a fifth general partner: 29-year-old Miles Grimshaw, a Yale graduate who joins the outfit from Thrive Capital, where he similarly joined a team of four other partners back in 2013, helping them raise the firm’s fourth and fifth funds (per Forbes). From…
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Venture firms rush to find ways to support Black founders and investors
As protests against police brutality and economic manifestations of systemic racism in the U.S. continue, venture capital firms are joining the chorus of technology industry advocates lending their support to the cause. For the past three days, technology company executives and the investors who backed them have issued statements of…
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Report: Bill Gurley is stepping away from an active role at Benchmark, 21 years after joining the firm
According to a new WSJ report, Bill Gurley, among the most famous of Silicon Valley’s venture capitalists, looks to be stepping way from Benchmark, the early-stage venture firm that was founded in 1995 and which Gurley joined soon after, in 1999. According to its sources, he will not be investing…
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WeWork sues SoftBank in intensifying crisis over canceled $3B tender offer
Just days after SoftBank announced that it would not consummate its $3 billion tender offer for WeWork shares that would have bought out some of the equity held by the company’s co-founder Adam Neumann along with venture capital firms like Benchmark and many individual company employees, the company is now…
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SoftBank terminates $3BN tender offer for WeWork shares
SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met. The investment behemoth had been rumoured to be getting cold feet, when the WSJ reported last month that it was using regulatory investigations as a way to back out of its…
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