I have many thoughts about Benchmark’s surprise lawsuit against former Uber CEO Travis Kalanick and what it says about the perilous state of governance at mega-private tech companies. But for now, I’m going to leave it at this: If there was ever any doubt about whom VCs work for, the lawsuit should clear it up. It’s their LPs, not entrepreneurs. Entrepreneurs would be wise never to forget that.
But on to the more important news of the week.