Eight years after becoming a member of Benchmark because the agency’s first lady basic associate, Sarah Tavel introduced on X that she is transitioning to a extra restricted function on the storied enterprise agency.
In her new place as a enterprise associate, Tavel will proceed to make investments and serve on current firm boards, however she can have extra time to discover “AI instruments on the edge” and mirror on the route of AI, she wrote.
Tavel joined Benchmark in 2017 after spending one and a half years as a associate 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 workforce of six or fewer basic companions. Not like most VC corporations, the place senior companions usually obtain a larger share of administration charges and earnings, Benchmark operates as an equal partnership, with all basic companions dividing charges and returns equally.
Throughout her tenure as Benchmark’s basic associate, 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 lately.
