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
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If a conventional pharmaceutical company had this kind of quality control, the FDA would shut them down in a heartbeat.
venture venture-capital partners
Venture capital is unscalable. Production equals the time each partner has.
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Marketing executives like big budgets, as big budgets make it easier to grow the top line.
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Silicon Valley is way more correlated with Nasdaq than anyone admits.
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Over the past 10 years, the majority of value creation in the venture community has been in consumer Internet.
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No one's fearful, everyone's greedy, and it will eventually end.
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There is no fear in Silicon Valley right now,
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You can't make money with a consensus accurate prediction
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You have to realize that these things are potent cardiac stimulants, and when you are exercising and lifting heavy weights, you are already taxing your cardiovascular system, and all this does is make it work harder.
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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.
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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 net present value of the profit stream of a customer.
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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 literally the place you check for information.
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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 critical to that goal.
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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 rarely last.