Venture firm Benchmark has hired Miles Grimshaw from Thrive Capital, the VC fund founded by Josh Kushner, brother of Jared Kushner. Grimshaw, 29, becomes Benchmark’s newest general partner about eight months after The Wall Street Journal reported the firm’s top investor, Bill Gurley, would not make investments out of its latest fund. Benchmark, known for its stakes in Uber, WeWork and...
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Clubhouse Gets Investment Interest at $1 Billion Valuation
The race to invest in social audio app Clubhouse is on again. Venture capital firms have approached the startup’s founders in recent weeks about leading its potential next round of funding at a roughly $1 billion valuation, according to four people with knowledge of the discussions. Investors also have tried to buy Clubhouse shares from existing shareholders at an implied valuation of $1...
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