Word: benchmarking
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...news for Facebook: It lost its functional second in command today. Matt Cohler, 31, who oversees the Facebook "product" and is generally perceived to be the core of the original management team, is joining Benchmark Capital, a powerful Bay Area venture capital firm...
...just super-excited. I love this guy," Bill Gurley, a Benchmark partner, told me. "We always feel a very strong need to find the best young talent to fit the criteria of what we think it takes to be a great venture capitalist...
...Cohler's stake in Facebook, a privately held company valued at $15 billion (thanks to Microsoft's minority investment last year), is likely vested by now. And he's not exactly leaving for a job in the Peace Corps. One of Benchmark's hallmarks is that all of its partners share in the wealth equally - a deviation from the typical star system at venture capital firms, where partners tend to be rewarded based on the deals they put together. The firm - which, with Cohler, now has nine partners - manages nearly $2.8 billion. Cohler said that another aspect of the novel...
...Fitzsimmons said that the high numbers of students taken off the waitlist is expected to decrease in the future. The slight change in yield has given the admissions office a benchmark for future years...
...think people will look back in 5, 10, and 15 years from now and see this as a benchmark year where higher education finally became so much more affordable for the entire population,” Fitzsimmons said. “This was a year unlike any other, and I think people will look back on this as a year that has really changed the whole conversation on accessibility and affordability...