Victor Lazarte announced his departure from Benchmark to start his own investment practice. He gained recognition in the tech industry for co-founding Wildlife Studios, valued at approximately $3 billion in 2020. Over two years at Benchmark, he invested in several startups including Mercor, HeyGen, and Decart AI. Lazarte is the second partner to leave Benchmark this year, following Sarah Tavel's announcement of her transition to a venture partner. The firm operates with an equal partnership model, allowing all general partners to share management fees and profits equally.
Victor Lazarte is leaving Benchmark to start his own investment firm. He previously co-founded Wildlife Studios, valued at $3 billion in 2020.
During his time at Benchmark, Lazarte made significant investments in various tech startups including Mercor, HeyGen, and Decart AI.
Lazarte's departure is notable as he is the second investor to leave Benchmark this year, following Sarah Tavel's transition to venture partner.
Benchmark operates on an equal partnership model, separating itself from typical VC firms where senior partners would typically receive a greater share of profits.
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