His fund, Benchmark Capital, was an early investor in Ebay — the auction site now worth $18 billion.
I have also become a limited partner in two venture funds, Benchmark Capital and SoftTech VC.
Early Facebook executive Matt Cohler announced his departure today to join top tier venture fund Benchmark Capital.
They entered the room with their venture capital backer, Robert Kagle, who had seen this drama played out before — his fund, Benchmark Capital, was an early investor in Ebay, the auction site now worth $18 billion.
If a funds benchmark is the S&P500 index and the index returned 20% while the fund returned 22%, then the fund will have a positive Alpha (obviously positive Alpha is good, negative Alpha is bad).
This hefty third-round of financing follows its series A and B rounds raised in 2010 and 2012, respectively, which saw it add names like Accel Partners, Simon Levene, Bebo co-founder Michael Birch, Founders Fund, Benchmark Capital, and Yammer CEO David Sacks as investors.
This is still well north of Yunus' 15 percent-plus-cost-of-funds benchmark, and north of where we ultimately want to be.
Since the crisis, however, his funds have posted gains that have consistently beat hedge fund benchmarks, though not enough to surpass the losses sustained in 2008.
Probably, it's to buy and hold an index fund benchmarked to the sector and to ride out the market's turbulence.
Whatever the causes, the investment implications of the study are the same: buy and hold an index fund benchmarked to the broad stock market.
