Bill Gurley
Bill Gurley
Bill Gurleyis a general partner at Benchmark, a Silicon Valley venture capital firm in Menlo Park, California. He is listed consistently on the Forbes Midas List and is considered one of technology’s top dealmakers...
NationalityAmerican
ProfessionBusinessman
Date of Birth10 May 1966
CountryUnited States of America
marketing lines bigs
Marketing executives like big budgets, as big budgets make it easier to grow the top line.
bundle costs critical estimate fairly future supporting variable
It is critical to bundle all future variable costs of supporting the customer in order to fairly estimate the future contribution.
board directors finds investor markets public
Having an investor on your board of directors who is naive about public markets or finds them complex or scary is non-optimal.
time
The first time you went to eBay, you probably didn't do a transaction.
argued jeff marc nor public reed
I have never seen Jeff Bezos, Marc Benioff, or Reed Hastings complain about being public. Nor have they ever argued that being public prevented them from doing things with a long-term focus.
case economic firm nature partners raises stronger time trying
Most firms are hierarchical in nature, with everyone getting different slices of the economic pie. The problem is those slices are negotiated every time a firm raises a new fund, so in between funds, which is most of the time, the partners are trying to outgun one another to make a stronger case for themselves.
making-money predictions accurate
You can't make money with a consensus accurate prediction
valleys no-fear right-now
There is no fear in Silicon Valley right now,
greedy ends fearful
No one's fearful, everyone's greedy, and it will eventually end.
past years community
Over the past 10 years, the majority of value creation in the venture community has been in consumer Internet.
way valleys silicon-valley
Silicon Valley is way more correlated with Nasdaq than anyone admits.
venture venture-capital partners
Venture capital is unscalable. Production equals the time each partner has.