Benchmark's Bill Gurley with Bloomberg on the VC landscape, staying private too long, and lessons from Uber's capital raising for founders and boards.
Gurley's capital-discipline thesis, told around the biggest raise-athon in venture history.
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3 min
Bill Gurley argues venture capital is structurally a bad industry: excess capital, misaligned incentives, and what that means for founders taking money at peak prices.
1 min
Bill Gurley on why founders and investors over-index on TAM slides, with examples of huge companies whose initial TAM looked tiny.
1h 34m
20VC roundtable arguing why the venture market today is structurally worse than the 2021 peak: pricing, AI concentration, and exit math — and what founders should do about it.