Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
28 Sept 2022 Acquired Benchmark Part I
“I think of the portion of the $6.7 million Benchmark investment that went to the company's balance sheet, I don't think any of it ever left the balance sheet.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 28 Sept 2022
- Publisher
- Acquired
- Episode
- Benchmark Part I
Transcript context
…It's like the AWS episode and multiple origins of AWS. There is a version of the story where none of the money that Benchmark invested in eBay was actually used by the company. That actually is probably true. They probably didn't actually burn any of the money because they were profitable. They were always profitable. They were never not profitable. I think of the portion of the $6.7 million Benchmark investment that went to the company's balance sheet, I don't think any of it ever left the balance sheet. I think that is correct. Perhaps not all of the $6.7 million went to the company's balance sheet. What we do know is that Benchmark got 20% or more of the equity in eBay for their equity investment in eBay.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.