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 boardcomplexdirector Change image and share on social
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. Bill Gurley arguebenioffbezos Change image and share on social
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. Bill Gurley appreciatebuildcompany Change image and share on social
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. Bill Gurley caseeconomicfirm share on social
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 local market. Bill Gurley companydailydeal Change image and share on social
It is critical to bundle all future variable costs of supporting the customer in order to fairly estimate the future contribution. Bill Gurley bundlecontributioncost Change image and share on social