Benchmark's Bill Gurley, who led the firm's Uber investment, will stop doing new deals this year

in mid-2017, after a series of embarrassing stories surfaced about the executive's behavior. Benchmark then sued Kalanick for fraud and breach of contract, claiming he made "material misstatements" to the board and hid crucial information to gain more control. The suit was later dropped."Everything that happened this summer was a very difficult decision for us," Gurley said, alluding to the removal of Kalanick.

Gurley has spent over two decades at Benchmark. Prior to his career in venture capital, he worked as an internet analyst on Wall Street at Deutsche Bank, leading coverage of the

benthompson called it.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Legendary VC Bill Gurley reportedly won't join Benchmark's new fund - Business InsiderLegendary tech investor Bill Gurley will reportedly not be involved in Benchmark's newest fund, ending a track record that lasted more than 20 years. yeah, bc he's lost his edge
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. Senate passes nearly $500 billion coronavirus bill aiding small businessThe U.S. Senate on Tuesday unanimously passed legislation providing nearly $500 billion in additional federal aid to help small businesses hurt by the coronavirus pandemic and to aid hospitals dealing with large numbers of seriously ill patients. well done That’s enough money to make one big business !!!
Source: Reuters - 🏆 2. / 97 Read more »