Benchmark raises its first-ever progress fund as a part of $2B capital elevate
Benchmark Capital, the storied Silicon Valley VC agency recognized for early investments in eBay, Snap, Uber, and Twitter, is breaking with one in all its signature traditions: preserving its funds to about $425 million and backing solely younger startups. After greater than 20 years of proscribing its autos to that quantity or decrease, the outfit…