Legendary VC Bill Gurley reportedly won't join Benchmark's new fund - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

This absence marks a significant change for Gurley, who has been actively involved in the firm's funds ever since he joined Benchmark in 1999.Visit Business Insider's homepage for more storiesSilicon Valley's legendary investor Bill Gurley may soon be taking a step back from his role as a general partner at Benchmark,Benchmark is currently in the process of raising $425 million for its tenth venture fund, the report said.

Although sources told the Wall Street Journal that the move does not necessarily signal an immediate departure from the firm, it is the first fund that Gurley has not taken an active role in, since joining the firm in 1999. Gurley would continue to take an active role in the companies that Benchmark previously backed, the report said.

Both Benchmark and Bill Gurley did not immediately respond to Business Insider's requests for comment. As an investor with something of a Midas touch, Gurley has brought Benchmark billions in returns through bets on companies ranging from GrubHub to Stitch Fix. Gurley is especially famous for backing Uber in 2011 with $10 million, a stake which eventually brought in $8 billion for Benchmark, as Chernova and Winkler recounted.

yeah, bc he's lost his edge

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Coronavirus: UK reportedly set to advise public to wear masks - Business InsiderBoris Johnson's government is reportedly preparing to advise people to wear masks at work and on public transport. Where can I get a mask without getting ripped off I’m not wearing a mask but I’m get a scanner and talk stupid then! What have they been waiting for all along,,
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

'American Idol' contestants have reportedly been filming footage for the show on iPhones - Business InsiderWhen 'American Idol' returns on April 26, the show will feature something new: performances recorded with iPhones.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Facebook Gaming accelerates mobile app launch - Business Insider - Business InsiderFacebook released a new Facebook Gaming app to capitalize on the pandemic-induced uptick in live-streaming usage to take on rival platforms. How do you guys think it will do against its rivals?
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Connectivity divide is accentuated amid the pandemic - Business Insider - Business InsiderThe coronavirus has exacerbated the disadvantages of not having home internet, sparking a bipartisan effort in the US to expand broadband subsidies.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »