Eight years after becoming a member of Benchmark because the agency’s first girl common accomplice, Sarah Tavel introduced on X that she is transitioning to a extra restricted position on the storied enterprise agency.
In her new place as a enterprise accomplice, Tavel will proceed to make investments and serve on current firm boards, however she may have extra time to discover “AI instruments on the edge” and mirror on the course of AI, she wrote.
Tavel joined Benchmark in 2017 after spending one and a half years as a accomplice at Greylock and three years as a product supervisor at Pinterest. Earlier than Pinterest, Tavel was an investor at Bessemer Enterprise Companions, the place she helped supply Pinterest and GitHub.
Since its founding in 1995, Benchmark has intentionally maintained a small group of six or fewer common companions. Not like most VC corporations, the place senior companions sometimes obtain a larger share of administration charges and earnings, Benchmark operates as an equal partnership, with all common companions dividing charges and returns equally.
Throughout her tenure as Benchmark’s common accomplice, Tavel invested within the campsite market Hipcamp, the cryptocurrency intelligence startup Chainalysis, and the wonder platform Supergreat, which was acquired by Whatnot in 2023. Tavel additionally backed the photo-sharing app Paparazzi, which shut down two years in the past, and the AI gross sales platform 11X, about which TechCrunch wrote just lately.
