Benchmark

Five young partners - Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden - broke off from their established firms in 1995 to found Benchmark on a radical premise for the time: every partner would be paid and treated exactly equally, with no senior hierarchy. Barely two years later, the firm's $6.7 million bet on a tiny auction site called eBay became one of the best-performing venture investments ever made, validating the flat-partnership model Benchmark still runs today.

Signature Exit

eBay - a $6.7 million Series A in 1997 that became one of the best-performing venture bets ever made

Key Partners & Leadership

Firm Timeline

Notable Public Portfolio Companies

• Uber UBER
• Snap SNAP