Re:Letter from Benchmark to Uber Employees [pdf]
by smallgovt on Monday August 14, 2017 @05:02PM
(#15012869)
Benchmark's interest lies in protecting the value of their investment and liquidating it as soon as possible.
This can be very different from employees' interest in the case where Benchmark seeks to sell their stake via a private transaction (e.g. to Softbank).
I'd also add that Benchmark couldn't care less if the company 'grows'. They've already made enough money to return their fund many times over. Their strategy now is mainly to mitigate risk to the paper value of their holdings.
Re:Letter from Benchmark to Uber Employees [pdf]
by BinaryIdiot on Monday August 14, 2017 @06:29PM
(#15013611)
Fair point. I can't exactly blame them either.
To me it appears Benchmark is mostly aligned with employees; both want the company to grow and do well. So why do many have bad feelings about Benchmark's actions? What am I missing?