Benchmark cannot test junior partners before granting equal GP economics
David Rosenthal · Benchmark Part I · Acquired · Sep 28, 2022 · at 2:02:51
David Rosenthal discusses the structural hiring constraints of Benchmark Capital's equal partnership model on Acquired.
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“You can't bring them in as a junior partner and see what happens and be like, oh, you know, you'll get a sliver of economics in this fund. We'll see if the partnership gels, you know, we'll see if you perform here, you know, and then no, you can't do that. You gotta go all in from the beginning.”
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