Benchmark's $6.7 million eBay investment reached over $4 billion after IPO lockup
David Rosenthal · Benchmark Part I · Acquired · Sep 28, 2022 · at 1:23:26
David Rosenthal discusses the financial returns of Benchmark's Series A investment in eBay following its 1998 IPO.
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“By the time the lockup expires the next spring in 1989, that stake is worth over four billion dollars on an eighty-five million dollar fund.”
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