#BENCHMARK CAPITAL BRUCE DUNLEVIE SOFTWARE#

See Rule 240.13d-7 for other parties to whom copies are to be sent. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐ (Date of Event Which Requires Filing of This Statement) (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) The firm currently has offices in Woodside, California and San Francisco.INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)ĪND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Benchmark has also invested stakes in SaaS leaders including Dropbox, MySQL, OpenTable, Juniper Networks and Zillow.īenchmark Capital was founded in 1995 by Bob Kagle, Bruce Dunlevie, Andy Rachleff and Kevin Harvey. The firm has holdings in private market leaders like Stitch Fix and Tinder, recent IPOs and acquisitions such as OpenTable and Zendesk, and franchise companies like eBay and Red Hat. The company currently oversees a portfolio of investments which includes early stage investments in notable social media companies including Twitter, Instagram and Snapchat.īenchmark currently manages a diverse portfolio of early-stage venture investments. The firm made its names with a $6.7 million investment in eBay in 1997, which ballooned into a $5 billion valuation by 1999. The firm also touts 14 IPOs and 23 M&As representing a total market value of more than $60 billion in its 23 year history.

#BENCHMARK CAPITAL BRUCE DUNLEVIE SOFTWARE#

With no CEO position held, all members are considered equals regardless of seniority.īenchmark has focused its investment efforts on early-stage venture investing in mobile, marketplaces, social, and infrastructure and enterprise software and has racked up 140 exits since its inception. Benchmark Capital was the first to pioneer a flat hierarchy, where partners share profits equally. The hiring of Puttagunta is particularly notable because of the management structure of the firm. The current Benchmark partners also cited the 32-year-old Puttagunta’s successful string of investments in the software ecosystem, as well as his “infectious curiosity, analytical rigor and boundless enthusiasm to serve entrepreneurs.” MuleSoft was acquired by SalesForce in early 2018 for $6.5 Billion.Īccording to Benchmark’s announcement, Puttagunta was recruited after an impressive performance on the board of Elastic, a SaaS platform that builds software to make real time data usable at scale for search, logging, security, and analytics. Puttagunta was previously a general partner at New Enterprises Associates and led several SaaS investment initiatives, including investments in MuleSoft, Elastic, MongoDB, and others. Benchmark Capital has announced that they will hire Chetan Puttagunta as a new partner to the seven partner firm. A storied Silicon Valley Venture Capital firm has just added a new partner.

Benchmark capital bruce dunlevie