“We invest in the courage of the founder.”
Benchmark is the most concentrated top-tier venture firm in Silicon Valley. They make only 8 to 12 new investments per year, which means every single investment is a major commitment from the entire partnership. Their portfolio speaks for itself: Uber, Snapchat, Twitter, Instagram, Discord, Zillow, Stitch Fix, and Elastic. They have produced 24 unicorns and 26 IPOs, with recent exits including Discord (January 2026) and Manus acquired by Meta (December 2025).
What makes Benchmark structurally different is their equal carry model. Every partner shares equally in the fund's returns, which eliminates internal politics and means your board member is fully incentivised to help you win regardless of who sourced the deal. This is rare, and it matters.
| Partner | Role | X | |
|---|---|---|---|
| Peter Fenton | General Partner | linkedin.com/in/peter-fenton | Not disclosed |
| Eric Vishria | General Partner | linkedin.com/in/ericvishria | Not disclosed |
| Chetan Puttagunta | General Partner | linkedin.com/in/chetanp | Not disclosed |
| Ev Randle | General Partner (joined Oct 2025) | Not disclosed | Not disclosed |
| Jack Altman | General Partner (joined Feb 2026) | Not disclosed | Not disclosed |
| Bill Gurley | Semi-retired (since 2023) | Not disclosed | Not disclosed |