Benchmark’s Bill Gurley Won’t Join Venture Firm’s Next Fund
- Iconic Silicon Valley venture capitalist signals a step back
- Gurley plans to retain board seats in ‘10-year process’
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Venture firm Benchmark’s most high-profile partner, Bill Gurley, does not plan to return to the firm’s next venture fund. He led the Benchmark’s investments in Uber Technologies Inc., Grubhub Inc., Stitch Fix Inc. and Zillow Group Inc.
“With our model, eventually people stop doing new investments. Some call it ‘retirement’ but I am on 11 boards, and will be serving them out through the company’s life. So kick-starting a 10-year process!” Gurley wrote in a WhatsApp message Wednesday.