Benchmark, the storied dare conglomerate, has brought aboard a fifth general spouse: 29 -year-old Miles Grimshaw, a Yale graduate who joins the getup from Thrive Capital, where he similarly participated a squad of four other partners back in 2013, assist them invoke the firm’s fourth and fifth monies( per Forbes ).
From his post as a general partner with New York-based Thrive, Grimshaw had sourced distributes in some of today’s buzziest startups and provided on their cards, including Lattice, Mapbox, Benchling and Airtable, getting to know fellow investors at Benchmark in the process.
He represented Thrive on the board of Benchling — whose application helps lab scientists oversee their biotech investigate — with Eric Vishria, a onetime inventor and hustler who joined Benchmark as a general collaborator in 2014.
Grimshaw also represented Thrive on the board of the vapour collaboration software companionship Airtable with Peter Fenton, who became the longest-serving general collaborator at Benchmark this year, as famed VC Bill Gurley began transitioning out of an active role at the house.( Fenton was poached from Accel back in 2006.)
And Grimshaw has been serving on members of the board with Benchmark’s Sarah Tavel, who was herself poached by the firm in 2017, from Greylock. That companionship is Supergreat, a two-year-old, New York-based site for attractivenes enthusiasts that’s building their home communities of visitors who were reviewers, where it was become shoppers.
Supergreat is among Benchmark’s newest wagers. It was announced earlier this month that Benchmark resulted the startup’s $ 6.5 million Lines A round.
Before hiring Grimshaw, Benchmark’s newest general spouse was Chetan Puttagunta, who joined the conglomerate in 2018 from New Enterprise Associates, where he spent more than seven years.
Benchmark has do better than some firms when it comes to succession, even while many of its general spouses remain involved in startups long after they move on from the firm’s day-to-day operations.
Firm cofounder Bruce Dunlevie, for example, attached the board of WeWork back in 2012. He’s now part of a lawsuit alleging fellow investor WeWork investor SoftBank of breach of contract and breach of fiduciary duty, after SoftBank abandoned a tender offer to buy out earlier shareholders folllowing WeWork’s pulled IPO last year.
Reportedly, Matt Cohler — a onetime Facebook exec who was left an active role as a general partner with Benchmark in 2018after a decade with the conglomerate — too cured Benchmark secure its smudge in summer as the head Series A investor in Popshop Live, a livestreaming e-commerce stage. Harmonizing to The Information, to help seal the deal, Cohler agreed to join the startup’s board of directors.
In addition to Cohler and Gurley, who’ve stepped back in recent years, Mitch Lasky, who took part in the house in 2007, also stepped away from its core unit in 2018.
Benchmark prepared it known this summer that it was looking to bring aboard a fifth spouse, one who likely accomplishes the firm’s listing for now. As Fenton told us in September when he sat down with us at our TechCrunch Disrupt event, Benchmark” can’t magnitude. When we’ve gotten above six collaborators, the house doesn’t work so well .”
Fenton talked at some portion about how Benchmark examines the constitution of the project team. We likewise talked about that WeWork deal. If you’re curious to learn more, you can watch that interview below.
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