Source: Benchmark’s view on the AI race: talking with Miles Grimshaw
Summary
Miles Grimshaw, who previously worked with Thrive Capital, joined the existing five general partners of venture firm Benchmark in 2020. Unlike other venture firms that have evolved over time, shrinking team sizes and larger assets under management, Benchmark has maintained its initial way of operating with consistent fund sizes under $500 million and a specialised approach to early-stage investing. Grimshaw and Benchmark have differing investment tactics, with Thrive investing in OpenAI and Benchmark leading a $10 million seed round in LangChain.
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