David Rosenthal: observation

Transcript context

…We're limited. That is the big constraint that I know keeps, I think, all of us up and just making sure, the founder that is going to raise that round, many are intentional about, how do I make sure that I'm going to find the right partner for me for the arc of the journey that we're all going to be on together? You guys at this point have such a, for better or worse, mystique. I think for a lot of, especially first time founders that are younger, that are at an earlier stage, they're probably like, oh, I'm not going to call. I've got these other firms calling me. That's great. I'm going to go, but am I going to call Benchmark? Wow, that's a lot of pressure. That's a potentially lethal risk for us. Because if you think about us being the incumbent, and come back to the fact that a number of the people at this table have a lot of capacity in the sense that they could dive in, they can give their all, and they're very available, one of the things you think about is the shift in the last 15 years since I've been here. The investments that are occurring before we get engaged have gone up by about 100x, at least 30x.…

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