Benchmark Capital is a venture capital firm, responsible for the early stage funding of some very successful startups. In 1997, the firm invested $6.7 million in eBay, which made it worth more than $5 billion by the spring of 1999. Other high-profile investments include Ariba, Juniper Networks, Red Hat, Tropos Networks and Twitter. Benchmark Capital is noted for creating the first equal ownership and compensation structure for its partners. The firm's general partners include Alex Balkanski, Matt Cohler, Bruce Dunlevie, Peter Fenton, Bill Gurley, Kevin Harvey, Bob Kagle, Mitch Lasky and Steve Spurlock. - Source: Wikipedia
In a story Aug. 14 about Groupon Inc., The Associated Press reported erroneously that Clayton Moran is an analyst with Benchmark Capital. Moran is an analyst with The Benchmark Co., an unrelated company.
Groupon's stock is about 26 percent cheaper, but that doesn't make it a bargain.
Groupon's stock is 27 percent cheaper Tuesday, but that doesn't make it a bargain.
