Benchmark Partners, a leading venture capital firm, is raising $170 million for its latest fund, Benchmark Partners Founders’ Fund I, primarily sourced from its partners and select friends and family. This follows their traditional fundraising approach of approximately $425 million every few years. Unlike many VC firms, Benchmark operates on an equal partnership model, sharing profits equally among its partners. Known for early investments in companies like eBay and Uber, Benchmark’s strategy allows partners to invest their capital independently, enhancing their involvement in promising ventures.