Bob Kagle is a VC legend and one of the original General Partners at Benchmark.
Benchmark is one of the best-performing funds of all time, and they have set the venture standard over the past three decades.
Benchmark operates differently than most funds.
They split carry evenly among all partners. They have deliberately kept their fund sizes small instead of scaling up and earning more through fees. They do not hire massive operations teams. They do not care for branding (this is their website).
Thinking different has served the fund well, and Bob is a large reason for their success.
Here are 14 takeaways from studying Bob and his career.
We started our careers in venture. After about a week, we had a realization.
We had no idea what we were doing.
Turns out, we weren’t alone.
Junior VCs don’t get training. You’re forced to figure it out on your own.
Learning the rules, tools, and players takes FOREVER to learn. That’s why we made the ultimate VC resource library to speed up the learning curve.