Three decades ago, five men formed a venture capital firm on Sand Hill Road in Silicon Valley with a simple pitch: Small is beautiful.
Their firm, Benchmark Capital, planned to stick to venture capital’s traditional playbook. It would write tiny checks to invest in private technology companies and help them succeed with guidance and connections. It would resist the urge to become bigger over time. Benchmark’s founders even quoted Voltaire: “God is not on the side of the big arsenals, but on the side of those who shoot best.”
Read more at the New York Times.