"The firm prides itself the equal status of its partners, in contrast to many other firms, where there can be hierarchies ranging from managing partner on top to the suitcase-carrying principal at bottom. The Benchmark partners took a "pay-cut" to bring Lasky on board -- dividing profits ("carry") and fees by eight, instead of seven."
Not knowing much about the way VCs are structured internally I found that pretty interesting. It does seem like a big vote of confidence that they would split profits like that -- just like a startup might.
Not knowing much about the way VCs are structured internally I found that pretty interesting. It does seem like a big vote of confidence that they would split profits like that -- just like a startup might.