Shervin Pishevar

Oh, yeah. There's a history of VCs who have done this type of thing. And in Benchmark's case, they did it against Naval. They hired private investigators and Naval Ravikant.

Oh, yeah. There's a history of VCs who have done this type of thing. And in Benchmark's case, they did it against Naval. They hired private investigators and Naval Ravikant.

Oh, yeah. There's a history of VCs who have done this type of thing. And in Benchmark's case, they did it against Naval. They hired private investigators and Naval Ravikant.

uh he had a company called e-groups and he got thrown out of it very similar playbook and so that's happened multiple times at benchmark and it's happened in other funds and it just needs to stop also the political operatives who came into silicon valley post uber and facebook it attracted them like flies and uh they started to apply before with me a brilliant thing you said it was the 2017 one which was a drunken period of vc

uh he had a company called e-groups and he got thrown out of it very similar playbook and so that's happened multiple times at benchmark and it's happened in other funds and it just needs to stop also the political operatives who came into silicon valley post uber and facebook it attracted them like flies and uh they started to apply before with me a brilliant thing you said it was the 2017 one which was a drunken period of vc

uh he had a company called e-groups and he got thrown out of it very similar playbook and so that's happened multiple times at benchmark and it's happened in other funds and it just needs to stop also the political operatives who came into silicon valley post uber and facebook it attracted them like flies and uh they started to apply before with me a brilliant thing you said it was the 2017 one which was a drunken period of vc

Yeah, yeah. 2017, the period from like 2005 to 2015 was incredible. That's when most of these great companies, wherever it was, SpaceX or Tesla or Facebook or Uber were founded. And there was a culture of like meritocracy and everyone was helping each other and open-minded and you'd meet at cafes. It was a beautiful era in Silicon Valley.

Yeah, yeah. 2017, the period from like 2005 to 2015 was incredible. That's when most of these great companies, wherever it was, SpaceX or Tesla or Facebook or Uber were founded. And there was a culture of like meritocracy and everyone was helping each other and open-minded and you'd meet at cafes. It was a beautiful era in Silicon Valley.

Yeah, yeah. 2017, the period from like 2005 to 2015 was incredible. That's when most of these great companies, wherever it was, SpaceX or Tesla or Facebook or Uber were founded. And there was a culture of like meritocracy and everyone was helping each other and open-minded and you'd meet at cafes. It was a beautiful era in Silicon Valley.

Then what happened is when people realized, oh my God, these people are going to become billionaires and there's billions of dollars to be made, you had the carpetbaggers, you had the political operatives, you had the consultants, you had all these people started to come in.

Then what happened is when people realized, oh my God, these people are going to become billionaires and there's billions of dollars to be made, you had the carpetbaggers, you had the political operatives, you had the consultants, you had all these people started to come in.

Then what happened is when people realized, oh my God, these people are going to become billionaires and there's billions of dollars to be made, you had the carpetbaggers, you had the political operatives, you had the consultants, you had all these people started to come in.

And then the other thing that happened, and I blame myself a little bit because bringing TPG into Uber and the Series C kicked off.

And then the other thing that happened, and I blame myself a little bit because bringing TPG into Uber and the Series C kicked off.

And then the other thing that happened, and I blame myself a little bit because bringing TPG into Uber and the Series C kicked off.

the whole wave of private equity coming downstream into venture series c b a like you know when you looked at you know what happened from 2017 to 2021 22 in the drunken period mega funds come in spread billions of dollars at massive valuations that didn't make any rational sense we work as an as an example 18 billion dollars went into that company And I pass on that company.

the whole wave of private equity coming downstream into venture series c b a like you know when you looked at you know what happened from 2017 to 2021 22 in the drunken period mega funds come in spread billions of dollars at massive valuations that didn't make any rational sense we work as an as an example 18 billion dollars went into that company And I pass on that company.

the whole wave of private equity coming downstream into venture series c b a like you know when you looked at you know what happened from 2017 to 2021 22 in the drunken period mega funds come in spread billions of dollars at massive valuations that didn't make any rational sense we work as an as an example 18 billion dollars went into that company And I pass on that company.

That was ironically another benchmark company. I pass on that company because I remember the dot-com crash and all the office buildings being cleared up. And I was like, I don't get this business model. You don't own it. And you could be removed pretty quickly from your customers. So I didn't see strength in that business model.

That was ironically another benchmark company. I pass on that company because I remember the dot-com crash and all the office buildings being cleared up. And I was like, I don't get this business model. You don't own it. And you could be removed pretty quickly from your customers. So I didn't see strength in that business model.