Venture firm Benchmark has closed on $425 million for its tenth fund, according to an SEC filing. Longtime general partner Bill Gurley is not listed on the filing, following a Wall Street Journal report he would not invest capital out of the firm’s next fund. Partners in the new fund include Peter Fenton, Chetan Puttagunta, Steven Spurlock, Sarah Tavel and Eric Vishria. Benchmark is known for...
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Benchmark Raises $425 Million Fund, This Time Without Bill Gurley
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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