Sarah Tavel has joined venture capital firm Benchmark Capital as its sixth general partner, after having been with rival Greylock since 2015. Before that Tavel was a product manager with Pinterest, for which she had co-lead a Series A investment in her prior role with Bessemer Venture Partners.
Why it matters: Tavel is the first-ever female general partner at Benchmark, a San Francisco-based firm known for being the early money in such companies as eBay, Twitter and Uber. She also will have more influence than do new partners at many other VC firms, as Benchmark is a "flat" organization that splits its investment profits evenly among its partners, without employing junior investment staffers. As Axios previously reported, women comprise only 7% of decision-makers at U.S. venture firms.