Benchmark’s view on the AI race: talking with Miles Grimshaw

At the end of 2020, Miles Grimshaw became — and remains — the most recent addition to the storied venture firm Benchmark, which has stubbornly refused to change how it fundamentally operates, despite the many changes the rest of the venture world has embraced — particularly regarding team size and assets under management.
With just five general partners, few principals in its now 28-year history in Silicon Valley, and fund after fund sized under $500 million, the firm was reportedly frustrated at turns by having to compete against rivals with ever-larger checkbooks. Today, of

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