📶 Benchmark (finally) changes something

Benchmark has a new fund and doesn't want LP money, Perplexity is close to finalizing a massive raise, and four areas where seed funding is strongest

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Good morning 👋

When you think of Benchmark, you know what you’re getting.

The fund has kept their fund sizes and investment strategy consistent for decades, so if and when they ever change things up, we pay attention.

Their latest regulatory filings showed a new partners-only fund that is currently being raised, so we’ve spent the past couple of hours figuring out what that’s all about.

Let’s get into it.

P.S. 💰 Are you a full-time investor AND do you want to get paid more?

Today’s highlights

  • Benchmark says “no” to outside capital

  • How beehiiv grows

  • The new lane to financial freedom

  • Four areas where seeding funding is strongest

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