Legendary early-stage venture capital firm founded in 1995, famous for its deliberately small partnership (usually six or fewer equal partners, no associates) and for leading seed/Series A rounds in Uber, Twitter, Snap, Instagram, Dropbox, eBay, Discord, and many others. Benchmark is the archetypal example of "small team, high output" applied to venture — the same principle Karthik runs Skcript by. Their partners (Bill Gurley, historically; now Sarah Tavel, Peter Fenton, Chetan Puttagunta, etc.) write some of the most useful public thinking on SaaS metrics and marketplaces.