Benchmark坦承：AI浪潮正動搖創投「不投競爭對手」的默契
TechCrunch · 2026-10-15
Benchmark合夥人在TechCrunch Disrupt坦言，AI公司擴張太快，投資組合間利益衝突難免；OpenAI與Anthropic已共享數十家投資人。創投「不投對手」默契鬆動，但早期排他性仍被視為重要。
學習單字
- unwritten rule不成文規定，業界普遍遵守但未明文化的慣例。
- compete head-on正面競爭，指兩家公司在同一市場直接搶奪相同客戶。
- board observer董事會觀察員，可列席董事會但無表決權，常由投資人指派。
Even Benchmark says AI is eroding the VC pact against backing rivals
At TechCrunch Disrupt, Benchmark's partners conceded that fast-moving AI companies make conflicts between portfolio firms hard to avoid. OpenAI and Anthropic now share dozens of investors, and a dispute between Factory and Cognition pulled in Khosla, which backs both. Benchmark says exclusivity still matters at the earliest stage.