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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.

Background: Tavel's hiring comes about nine months after Scott Belsky stepped down as general partner with Benchmark, but it seems that Belsky had a role in identifying Tavel as his replacement. Per a blog post from Benchmark's Bill Gurley:

About a year ago, we asked... Belsky who he thought had the greatest potential to become one of the best investors of the next decade. He answered quickly and definitively: Sarah Tavel. We've gotten to know Sarah over the last year. While we only very recently revealed our interest in having her join us, our interactions with her over the year amplified our instincts. She especially impressed us with the speed and quality of her thinking around disruptive markets, her ability to influence others with her ideas, and the depth of the relationships she has forged.

Next: Benchmark is expected to begin raising a new fund later this year.

Go deeper

Updated 25 mins ago - World

Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince earlier this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

Details: The missionaries had just left an orphanage and were traveling by bus to the airport to "drop off some members" and planned to travel to another destination afterward when the gang abducted them in Port-au-Prince, Haitian security officials said, per the NYT.

60 mins ago - World

Melbourne, "world's most locked-down city," to lift stay-at-home orders

Victorian Premier Daniel Andrews during a news conference in Melbourne, Australia, on Sunday. Photo: Quinn Rooney/Getty Images

Melbourne's stay-at-home orders will end five days earlier than planned, officials in Australia's second-biggest city announced Sunday.

Why it matters: The capital of the state of Victoria has had six lockdowns totaling 262 days since March last year. That means Melbourne's spent longer under lockdowns than "any other city in the world" during the pandemic, Reuters notes.

Venezuela suspends talks with opposition after Maduro ally extradited to U.S.

Venezuelan President Nicolás Maduro in Caracas, Venezuela, in June. Photo: Gaby Oraa/Bloomberg via Getty Images

A key ally of Venezuela's President Nicolás Maduro was extradited from Cape Verde to the U.S. Saturday to face money laundering charges in Florida, Bloomberg first reported.

Why it matters: Venezuela's government called off negotiations with opposition officials that were scheduled for Sunday in Mexico in response to the extradition of Alex Saab, a Colombian businessman and financial fixer for Maduro. Security forces placed six U.S. oil executives under house arrest later Saturday, per AP.