{"id":431590,"date":"2026-02-18T03:38:07","date_gmt":"2026-02-18T03:38:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/431590\/"},"modified":"2026-02-18T03:38:07","modified_gmt":"2026-02-18T03:38:07","slug":"jack-altman-joins-benchmark-as-gp","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/431590\/","title":{"rendered":"Jack Altman joins Benchmark as GP"},"content":{"rendered":"<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Jack Altman and Benchmark <a href=\"https:\/\/x.com\/benchmark\/status\/2023797254461812982\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">announced today<\/a> that he would be joining the firm as a general partner.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">This news is a big deal, especially since Altman has been running his own VC firm, Alt Capital, since at least 2024. The fund raised a $150 million Fund I in early 2024 and then, just last September, <a href=\"https:\/\/techcrunch.com\/2025\/09\/16\/jack-altman-raised-a-new-275m-early-stage-fund-in-a-mere-week\/\" rel=\"nofollow noopener\" target=\"_blank\">announced a $274 million Fund II<\/a>, raised in just a week. On LinkedIn, <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7429576300492910592\/?originTrackingId=KmTDUo3EfPfKhWcRpxubrA%3D%3D\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Altman called the past two years <\/a>running Alt Capital as an investor \u201cthe most rewarding\u201d of his life, adding that he loved \u201cnew ideas and being part of a team with a mission.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Alt Capital invested in at least 52 companies, according to PitchBook, including Rippling, Antares Nuclear, and CompLabs. It\u2019s unclear what happens to Alt Capital or whether Benchmark has acquired its portfolio, as Altman also announced that his teammates from the fund will be following him to Benchmark.\u00a0(That\u2019s also unusual, given Benchmark has historically been structured as a flat firm with primarily GPs only, versus layers of investors.)<\/p>\n<p class=\"wp-block-paragraph\">Altman also said he will retain the board seats at the companies he backed while at Alt Capital.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Altman did not respond to requests for comment earlier today; Benchmark declined to comment.<\/p>\n<p class=\"wp-block-paragraph\">Altman, a younger brother of OpenAI co-founder Sam, is also the founder of the HR platform Lattice, which he still chairs, per his LinkedIn profile.\u00a0<\/p>\n<p>Techcrunch event<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tBoston, MA<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t|<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\tJune 23, 2026\n\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Jack Altman and Benchmark announced today that he would be joining the firm as a general partner.\u00a0 This&hellip;\n","protected":false},"author":2,"featured_media":431591,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[157908,28452,84,4203,19694,157909,56,54,55],"class_list":{"0":"post-431590","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-alt-capital","9":"tag-benchmark","10":"tag-business","11":"tag-entrepreneurship","12":"tag-in-brief","13":"tag-jack-altman","14":"tag-uk","15":"tag-united-kingdom","16":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/431590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=431590"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/431590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/431591"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=431590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=431590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=431590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}