Benchmark was the poster boy for 'founder-friendly' VCs, but after WeWork and Uber its reputation is looking tarnished
and still managed to take 25 companies public in the last decade, including Uber, Dropbox, GrubHub, and Yelp, PitchBook said. It now has 33 startups in its portfolio, compared to Kleiner Perkin's 90 and Sequoia Capital's 74.Some investors say the chief executive ousters at WeWork and Uber, which was also backed by Benchmark, are more coincidence than correlation.
Founder Fund's Asparouhov said any venture capital firm that has a history of firing founders could lose out on the most sought-after deals. A small number of founders who have prior experience working at a white-hot startup are more likely to create "extraordinary returns," he said, and are also more likely to know about the firm's track record.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WeWork Founder Adam Neumann’s Trove of Pricey PropertiesIn good times, the entrepreneur borrowed hundreds of millions, snapped up at least six homes, and was eyeing more. Then last month happened.
Weiterlesen »
WeWork India seeks new backers after talks with local bank collapseWeWork's India franchise has seen talks with existing backer ICICI Bank on ...
Weiterlesen »
Will There Be Drop-off Drama for Rent the Runway and WeWork?The partners have both experienced issues with their separate businesses in recent weeks.
Weiterlesen »
WeWork to open two new locations in Singapore amid cost-cutting driveOffice-sharing startup WeWork on Thursday said it will open two new locations in...
Weiterlesen »
Netflix, WeWork and others bolster L.A.'s office marketEntertainment, technology and co-working companies kept Los Angeles office landlords happy in the third quarter.
Weiterlesen »
WeWork will close its private school in 2020 as it looks to cut costsWeWork is shutting down early education school WeGrow after the current school year concludes.
Weiterlesen »