Lazarte: Benchmark doubles board meetings for struggling startups instead of walking away
Victor Lazarte · Benchmark GP, Victor Lazarte: The 3 Traits All the Best Founders Have · 20VC with Harry Stebbings · Apr 14, 2025 · at 1:00:41
Benchmark GP Victor Lazarte details how Benchmark handles underperforming portfolio companies alongside partner Peter Fenton.
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“A lot of venture capitalists would say, hey, like, just cut it loose, you know, like, forget about this thing. It's like, we should double the frequency of the board meetings. It's like, oh, okay. And it's because we're here for as long as the founder wants to try. So it's like, you made the commitment to the founder, and from that point on, you try to be true to this, like, unconditional belief in the founder.”
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