> To make billions of dollars out of Uber, like Benchmark Capital did, the secret is to invest millions of dollars in the Series A and then allow other investors to invest the extra billions needed to scale the business and fund ongoing losses.

They missed a step there. The first thing is to get your fund to have Benchmark's reputation to have a chance to look at and invest in a deal like Uber early on.

For those not familiar with Benchmark, they made their name on Ebay. They go way back.