Puttagunta: Entrepreneurs referred 100% of his Benchmark investments
Chetan Puttagunta · Benchmark Part II: The Dinner · Acquired · Oct 17, 2022 · at 1:09:09
Benchmark General Partner Chetan Puttagunta discusses individual deal-sourcing strategies at the venture firm during an Acquired podcast dinner.
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“I was sharing this note internally, which was that I found that a hundred percent of the investments that I've made as a benchmark partner were all sent to us by an entrepreneur, and not necessarily an entrepreneur that we had backed.”
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More from Chetan Puttagunta
Puttagunta: VC investment memos are crutches projecting partner ego
“I would say the memo. Is a crutch often because yes, it can force you into clarity of thought, but it also allows you to fill in blanks that the entrepreneur themselves are not saying. And it pushes a sort of bias and perspective that maybe the firm has, or ma…”
Puttagunta: Benchmark does not do outcome scenario analysis on investments
“There's no sort of, like, outcome scenario analysis here that says, like, here's the 10% upside, bull case, bear case. These are all things that, you know, those of us that came from other places had all done.”
Puttagunta: Benchmark lacks formal programs but lets partners hire principals and EIRs
“I would say that we don't have associates, but
One of us may hire an associate.
We don't have principals.
We have a principal.
We have EIRs.
We have venture partners.
It's just, you're trying to figure stuff out.”