Homepage / Technology / Some start-up founders are ‘nervous’ about dealing with Benchmark after it sued Uber
9 circumstances this means when a person avoids eye contact with a lady – Hack Spirit Top Greatest M4M Personals Sites in 2022 ◉ BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Лотерейные розыгрыши в kasino on-line Лев казино: условия осуществления и доступа Main features of playing in machines at online-club Karavan Connect with like-minded females making new friends Comment accéder à des jeux gratuits avec Space fortuna bonus ? PUCUK4D⭐ Bandar Toto Togel Online & Situs Toto 4d Terpercaya #1 Betting site Karavan bet Gates of Olympus internet-based: benefits of playing for real money Discover an environment of opportunities with lesbian and bisexual dating Aprovecha Los Códigos Promocionales De Bbrbet ¡más Bonos, Más Juegos 1xbet Giriş Yeni Adresi 2024 ⭐️ 1xbahis Güncel Adres » 1x Guess Mobil Casino How to get started with sext room BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING La Application De Bbrbet: Juegos Y Apuestas Approach Alcance De Tu Man Start your love story now – join our talk to gay strangers source today BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Find regional bbw hookups inside area BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Exactly How to Eliminate Crawler Veins Normally Comprehending Cholesterol: What is a Great Cholesterol Degree? Free Offline Casino Site Slot Machines: Appreciate Gambling Enterprise Games Whenever, Anywhere новой Игровые Автоматы и Слоты Играть нежелающим И Без Регистрации В Новинки 202 test “aviator Cassinos Para Arriesgar No Jogo On The Internet Aviãozinho No Brasi Página 2 Time-tested legitimate one-armed bandits in internet club başari bet casino Mr Jack Bet Brasil Como Funciona? Análise Completa Do Sit Discover the Power of Indian Numerology Calculator Numerology Evaluation: Comprehending the Power of Numbers Every little thing You Need to Understand About Quick Loans Online Alternatives to Whipping Cream What is Halobetasol Propionate Lotion Utilized For? What is Arnica Lotion Used For? Discover the Exciting Globe of Free Port Games Online The Very Best Genuine Money Gambling Establishments: A Comprehensive Guide Tarot Card Card Analysis: Unlocking the Mysteries of the Future The Ultimate Overview to Tarot Card Reading Gambling Enterprises that Accept Neteller: A Comprehensive Guide Safe Online Gambling: A Comprehensive Guide Numerology Chart Calculator: Unlocking the Keys of Your Life Course The Ultimate Overview to Tarot Reading Online The Ultimate Guide to Psychic Reading Cards Prestamo Rapido: Tu Solución Financiera Rápida Préstamos Online Rápidos: Todo lo que Necesitas Saber Pick a Tarot Card Card: An Overview to Recognizing and Understanding the Magical Tarot Card The Ultimate Overview to Tarot Card Pull Online Discovering the World of Psychic Analyses Understanding Numerology: Revealing the Mysteries of Figures Choosing a Tarot Card: A Step-by-Step Overview Unlock the Power of Psychic Checking Out Cards totally free Leading Neteller Gambling Enterprises: The Ultimate Guide Optimizing Your Profits with the very best Live Roulette Bonuses Gambling establishments trick Mastercard: Una guía completa para jugadores ¿ Qué es un microprestamo de 50EUR? Préstamo Aprobado Seguro: Todo lo que necesitas saber Numerology Examination: Opening the Keys of Your Life Path The Ultimate Overview to Free Online Tarot Card Readings Numerology: Opening the Secrets of Numbers Tarot Card Card Viewers: Introducing the Mysteries of the Future Open the Keys of the Universe with Free Online Tarot Card Analysis Checking out the Globe of Online Tarot Card Readings Checking out the World of Free Psychic Readings The Power of Free Lotus Tarot Card Analysis Select 6 Time-tested legitimate one-armed bandits in internet club başari bet casino Onze gids voor het vinden van de beste nieuwe online casino’s in Nederland Bookmaker şirkəti Mostbet: rəsmi mobil versiya icmalı Avantajlý 7slots giris Casino Seçenekleri Keyif Vermeye Hazýr Entertainment Club masal bet casino giriş and reel-based simulators: transformation through time Загрузка виртуальных симуляторов на официальном сайте проверенного казино 7к казино How to choose the right cougar hookup site for you Meet singles who share your values & interests Get many from the granny hookup experience Top greatest Flat planet dating internet site and software Reviews for 2021 – RomanceScams.org The advantages of being a premier cougar lesbian Официальный Сайт Гама Казин exactly what makes a milf hookup unique? MTV’s Catfish: The Digital Pen-Pal Syndrome | Are you presently a mother just who will pay youngster service or alimony? Meet wealthy men in uk that are seeking love “aviator Game Tanzani Meet suitable gay men within area 10 most useful locations in order to meet Cougars in Liverpool for 2023 Greatest Couples Dating Sites – Have The Knowledge You Are Entitled To 1xSlots Casino: Avaliação do Site 2024 Bonus-Jogos Официальный Сайт Ramenbet ✅Sugarbook Review: complete Site review & All of our Dating Experience 2023 Find your perfect aussie hookup now Discover the advantages of mature dating Индикатор Round Level для отрисовки круглых уровней Providing A Capricorn Man The Silent Treatment – What Will Affect The Connection – LoveDevani.com Find the best site for bisexual women tips

Technology

Some start-up founders are ‘nervous’ about dealing with Benchmark after it sued Uber

Gabriel Puliatti is an up-and-coming company CEO who, at some point in his career, will need to raise money from investors.

Don’t count on Benchmark Capital being one of them.

After Benchmark filed an unprecedented lawsuit against Uber’s former CEO on Thursday, Puliatti now says there is “no way” that he will accept an investment from one of Silicon Valley’s most prestigious venture capital firms.

And he’s not alone. In the immediate aftermath of the suit, Benchmark is facing a sharp backlash from founders who are concerned that the firm is not as supportive of founders as all firms stylize themselves to be.

More from Recode:
What led to Benchmark’s ‘unprecedented’ lawsuit? Maybe founder-friendly provisions that made Uber founder Travis Kalanick king.
Can engineered ‘meat’ replace hamburgers?
We’ve studied gender and STEM for 25 years. The science doesn’t support the Google memo.

The lawsuit, which asks a judge to remove Uber founder Travis Kalanick from the company’s board, reflects an aggressive posture from a venture firm that thinks Kalanick is hurting the company’s bottom line.

But what could now hurt Benchmark’s business is a new fear factor that has gripped a young class of entrepreneurs, who perhaps see Kalanick’s ouster as a cautionary tale for their own companies down the road.

“I personally was very shocked by the timeline of affairs during the week (of) Travis’s resignation,” Puliatti, the founder of a startup called Emptor, said. “I empathized a lot with Travis then.”

Puliatti said that afer recent events, he and his co-founder are now more seriously considering not raising money from venture capitalists at all — and said that even if they did, he has decided that he won’t “ever sit down” with Benchmark.

Venture capitalists and entrepreneurs forecast the lawsuit will have a chilling effect on the next generation of talent, with one telling Recode that Benchmark will now undoubtedly have to answer “awkward questions in a lot of deals for the foreseeable future.” Hazem Awad, a Qatari investor, said that he understood that sort of thinking these days.

“Any entrepreneur would naturally feel nervous about working with Benchmark, at least for the time being,” said Awad. “Because in the back of their mind (mine included) will always be the question of, ‘What will happen if things get that bad?'”

To be sure, Benchmark remains one of the most prestigious firms on Sand Hill Road, so industry peers still predict that they’ll have young founders pounding at their doors regardless. And even if Benchmark’s relationship with Uber frayed at the end, their collaboration still produced billions of dollars for both parties — a success by the standard metrics of Silicon Valley that shouldn’t go unnoticed by the current crop of rising star founders.

But even the fact that some entrepreneurs are thumbing their noses at Benchmark speaks to just how controversial the lawsuit is in the industry.

No other prominent Uber investors have yet said they publicly support the lawsuit, effectively leaving Benchmark to fight this battle by itself. And Kalanick’s team of course has denounced it as an attempt to “silence his voice.”

Founders have long been encouraged to be choosy about the backers who serve on their boards, with savvier CEOs knowing full well that their investors could push them out of their own companies as they grow. But the fracas at Uber seems to have heightened the senses of some budding entrepreneurs.

“It would be naive to think that this won’t be front-of-mind for many founders raising in the very near future,” said Shayan Mohanty, a young founder.

As details of the unexpected lawsuit ricocheted through the tech community, several founders were quick to recoil on Twitter.

The “cost of accepting investment from Benchmark just went through the roof in minds of founders everywhere,” said one entrepreneur in Hong Kong, Larry Salibra.

“I can’t help but wonder how recent events will impact founders’ views towards raising capital from Benchmark. This shit is ruthless,” wrote Michael Boswell, the CEO of a design startup called Cue.

Benchmark did not respond to a request for comment.

Venture capital firms often now take pains to potray themselves as founder friendly, offering simpler term sheets and perhaps a suite of operations, marketing or financial services that founders can call upon to boost their products. But Benchmark’s — and any firm’s — ultimate obligation is to its shareholders, not the founders, and Benchmark argues in the lawsuit that Kalanick is hurting the company’s value.

And to be sure, this is not Benchmark’s first time legally jousting with a founder they once funded.

Yet several founders said that this unusual lawsuit could have lasting effects, even if it solves a short-term problem that is specific to Uber. Some of that anger centered personally on Benchmark’s Bill Gurley, who until recently sat on Uber’s board, for initiating the litigation.

“Man. I wouldn’t take @bgurley money to start a McDonalds franchise at this point,” wrote Rick Barber, a venture capitalist. “It’s a good last deal to do, though. Go out with a blaze of glory, Bill.”

By Theodore Schleifer, Recode.net.

CNBC’s parent NBCUniversal is an investor in Recode’s parent Vox, and the companies have a content-sharing arrangement.

Source: Tech CNBC
Some start-up founders are ‘nervous’ about dealing with Benchmark after it sued Uber

Comments are closed.