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Published · transcript-backed

Ben Gilbert: evaluation

28 Sept 2022 Acquired Benchmark Part I

“We should look for someone who has been in the industry long enough that they've burned through all the capital being a bad VC, because there are a lot of tropes about it takes seven years or it takes $50 million to make a VC, which I think are all quite reasonable, because your first several investments, it's like you're getting the crap out.”

— Ben Gilbert

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Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
evaluation
Recorded
28 Sept 2022
Publisher
Acquired

Transcript context

…But you can't at Benchmark. It's like, we can develop it internally, but the way we're set up prohibits that, so we must look elsewhere. What should we do? We should look for someone who has been in the industry long enough that they've burned through all the capital being a bad VC, because there are a lot of tropes about it takes seven years or it takes $50 million to make a VC, which I think are all quite reasonable, because your first several investments, it's like you're getting the crap out. You may hit some winners, but it's probably going to be luck, not skill.…

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