Peter Fenton
20 statements across 2 episodes · 5 bullish · 4 bearish · 2 people on the record · first statement Sep 28, 2022 by David Rosenthal · said 33 times in 3 episodes since 2022 · across every show →
On the record as a speaker too: Peter Fenton's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by David Rosenthal (23), Ben Gilbert (8), Blake Robbins (2)
tap a year for its mentions
2023 2 mentions in 1 episode
2022 31 mentions in 2 episodes 16 per episode
Everything said about Peter Fenton, oldest first
Sep 28, 2022 neutral
Sep 28, 2022 positive
Sep 28, 2022
Peter Fenton is Benchmark's only remaining active 'Fab Four' GP
“2018, they do fun nine. Matt and Mitch step back at that point. Bill sticks around for one more fun cycle. And then of course, you know, probably everybody knows at this point, certainly if you're still listening at this point, Bill has stepped back now at thi…”
Oct 17, 2022 neutral
Oct 17, 2022 neutral
Fenton: Company culture is permanently set by its first few employees
“The founding two or three employees set the culture. And it doesn't change unless there's some catastrophic event where it has to get reborn, but good luck with Elon at Twitter. You know, that culture was set in motion, and its root system goes so deep.”
Oct 17, 2022
Oct 17, 2022 neutral
Oct 17, 2022 neutral
Oct 17, 2022 positive
Fenton: Benchmark committed to his last two deals in under a day
“And the last two or three investments I've made were an example of the following, which is that there's, there was an angel in the ecosystem who saw a deal going down and they said, you know, you probably should talk to benchmark. And when they did, we committ…”
Oct 17, 2022 positive
Oct 17, 2022 neutral
Oct 17, 2022 positive
Fenton: A VC's true customer is the founder's purpose, not the founder
“Our customer isn't, it's not the founder. We say it is, but it's really the purpose of the founder, and it turns out that purpose, if that's the customer, One of us may be deviating from that, and we can keep each other accountable, and that happens internally…”
Oct 17, 2022 negative
Fenton: Benchmark will not expand to eight partners or launch a growth fund
“Now that doesn't mean we're going to have eight partners
And a growth fund.
And then there's some hard lines where you just say, but this is, you know, getting closer to people who are embody our values, but at a different stage in their career, that's okay wi…”
Oct 17, 2022 neutral
Fenton: Secondary selling sharply focuses founders on securing the highest price
“One of the things I found is when there's secondary selling, it does tend to clarify people's interest in price. It's one thing if you're just selling this, you know, equity on the cap table, but when you're selling your own shares, you start to get really foc…”
Oct 17, 2022 bullish
Fenton: Every 2–3 years a $100B company is founded regardless of cycles
“We have faith that every year, some number above zero companies will be founded that are going to be worth more than ten billion dollars, and then about every two or three years, a company's going to be found out it's going to be worth more than a hundred bill…”
Oct 17, 2022 negative
Oct 17, 2022 neutral
Fenton: Benchmark took equity in Tinder without investing cash
“There have been examples and we're, we don't, there's some awkwardness to talking about it publicly. One of the ones is probably a good example is Tinder. And, you know, Barry Diller said, what do you want? And it's like, well, we want equity in Tinder.”
Oct 17, 2022 neutral
Oct 17, 2022 negative
Fenton: Docker's valuation plummeted from $1.5B to zero, stranding Benchmark
“So last time I did an all hands meeting at Docker was three years ago, and there were 60 employees that, that we'd spun out of the prior company, and the valuation was zero. So we'd gone from over a 1,000,000,004, 1,000,005 to zero, and I was working with some…”
Oct 17, 2022 negative
Fenton: Well-executed bad ideas are dangerous because investors keep funding them
“It turns out that a bad idea well executed is a problem because then you give it more money. Or a good idea, poorly executed, well, that hurts because you think, oh, I mean, we can think of companies like Friendster and think, oh, but the bad idea of poorly ex…”