Bill Gurley Quotes

17 quotes in 284 categories

• There is no fear in Silicon Valley right now,
• You can't make money with a consensus accurate prediction
• No one's fearful, everyone's greedy, and it will eventually end. 
• Over the past 10 years, the majority of value creation in the venture community has been in consumer Internet.
• I think one of the key differentiators I bring to the table as a venture capitalist is a solid understanding of the public markets and…
• If the goal is to build companies that maximize long-term equity value, then optimizing corporate performance in a way that Wall Street appreciates is obviously…
• 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…
• Having an investor on your board of directors who is naive about public markets or finds them complex or scary is non-optimal.
• Almost everybody who thinks about local thinks about daily deals, but companies like OpenTable and Zillow and Yelp are all getting their money from the…
• Facebook has stitched together your social graph. The idea of an interest graph is to bring together everyone that has shared interests. If I can…
• I think one thing that may have happened with both Facebook and Zynga is that they may have waited too long to go public. They…
• Venture capital is unscalable. Production equals the time each partner has.
• 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…
• Many consumer Internet business executives are loyalists of the Lifetime Value model, often referred to as the LTV model or formula. Lifetime value is the…
• If one asserts that buying customers below what they charge them is a corporate strategy, this is in essence an arbitrage game, and arbitrage games…
• Marketing executives like big budgets, as big budgets make it easier to grow the top line.
• It is critical to bundle all future variable costs of supporting the customer in order to fairly estimate the future contribution.

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