Venture capital is unscalable. Production equals the time each partner has. — Bill Gurley Customer Copy Share Image
The first time you went to eBay, you probably didn't do a transaction. — Bill Gurley Copy Share Image
Silicon Valley is way more correlated with Nasdaq than anyone admits. — Bill Gurley Nasdaq Copy Share Image
If one asserts that buying customers below what they charge them is a corporate strategy, this is in essence an arbitrage game,… — Bill Gurley Arbitrage Copy Share Image
I think one thing that may have happened with both Facebook and Zynga is that they may have waited too long to… — Bill Gurley Copy Share Image
It is critical to bundle all future variable costs of supporting the customer in order to fairly estimate the future contribution. — Bill Gurley Bundle Copy Share Image
Marketing executives like big budgets, as big budgets make it easier to grow the top line. — Bill Gurley Copy Share Image
It's not for everybody to tweet, it's for everybody to follow. The more people figure that out, they see it's RSS-plus. It's… — Bill Gurley Copy Share Image
Having an investor on your board of directors who is naive about public markets or finds them complex or scary is non-optimal. — Bill Gurley Copy Share Image
Over the past 10 years, the majority of value creation in the venture community has been in consumer Internet. — Bill Gurley Community Copy Share Image
I think one of the key differentiators I bring to the table as a venture capitalist is a solid understanding of the… — Bill Gurley Copy Share Image
Most firms are hierarchical in nature, with everyone getting different slices of the economic pie. The problem is those slices are negotiated… — Bill Gurley Copy Share Image
If the goal is to build companies that maximize long-term equity value, then optimizing corporate performance in a way that Wall Street… — Bill Gurley Copy Share Image
I have never seen Jeff Bezos, Marc Benioff, or Reed Hastings complain about being public. Nor have they ever argued that being… — Bill Gurley Copy Share Image
Many consumer Internet business executives are loyalists of the Lifetime Value model, often referred to as the LTV model or formula. Lifetime… — Bill Gurley Business Copy Share Image
Facebook has stitched together your social graph. The idea of an interest graph is to bring together everyone that has shared interests.… — Bill Gurley Ability Copy Share Image
Almost everybody who thinks about local thinks about daily deals, but companies like OpenTable and Zillow and Yelp are all getting their… — Bill Gurley Copy Share Image
It's really hard to run a business against somebody who is not acting as if it were in business. — Bill Gurley Acting Copy Share Image
