In 1997 Benchmark put $6.7M into eBay when it was already profitable
dunkhippo33 · x · 2026-10-12
Part 5 of the thread: Benchmark invested $6.7M in 1997 for 22% of eBay ($30M post-money) when eBay already had a $4M annual revenue run rate and was profitable — a very different risk profile from today's Series A companies.
Related event: VC dunkhippo33 advises angel portfolios of 50 to 100 companies(9 posts)→
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