News Summary

Victor Lazarte, formerly a venture capitalist at Benchmark, has announced his departure from the firm to establish his own investment practice. Lazarte, who co-founded the mobile gaming company Wildlife Studios, plans to leverage his experience to create a new venture firm. During his tenure at Benchmark, he invested in several startups including Mercor, HeyGen, and Decart AI. His departure marks the second exit from Benchmark this year, following Sarah Tavel’s transition to a venture partner role. Benchmark is known for its equal partnership model, where all general partners share fees and returns equally.