Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
28 Sept 2022 Acquired Benchmark Part I
“I think at that moment, they sold some to SoftBank in a transaction at that point in time.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 28 Sept 2022
- Publisher
- Acquired
- Episode
- Benchmark Part I
Transcript context
…In 2018, when that Wall Street Journal piece came out, their holding in Uber was worth $8 billion. That alone would have 16X the fund. I think at that moment, they sold some to SoftBank in a transaction at that point in time. That's their thing. They've gotten liquid on a lot of things along the way. In February 2018, Benchmark sold almost half of its stake in Snap and realized a billion dollars in gains. I don't remember the time frame exactly, but Benchmark sold $900 million worth of Uber shares to SoftBank and at that point still owned $7 billion as of 2018.…
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