Peter Fenton — Benchmark

**Peter Fenton** is a general partner at **Benchmark**, arguably the most disciplined venture capital firm in Silicon Valley. He has led investments in Docker, Elastic, Hortonworks, New Relic, Qualtrics, Yelp, and Zuora. Benchmark's model is radical simplicity: equal partnership (no managing partner), small fund sizes ($425M), no growth funds, no multi-stage expansion. Peter's focus is primarily on developer tools, open source, and infrastructure software.\n\nPeter's investment thesis centers on the developer community as the most important constituency in technology. Companies that win developer love — through open source, superior DX (developer experience), and genuine technical merit — build the strongest moats.