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 isolate the people who are into mountain biking in Marin, in one place, the ability to put ads against that is really high.

Bill Gurley

Categorized in : Place People Together Mountain

You can't make money with a consensus accurate prediction. by Bill Gurley

You can't make money with a consensus accurate prediction.

accurate predictions making-money

No one's fearful, everyone's greedy, and it will eventually end. by Bill Gurley

No one's fearful, everyone's greedy, and it will eventually end.

fearful greedy ends

Over the past 10 years, the majority of value creation in the venture community has been in consumer Internet.

community past years

There is no fear in Silicon Valley right now. by Bill Gurley

There is no fear in Silicon Valley right now.

silicon valleys no-fear

Silicon Valley is way more correlated with Nasdaq than anyone adm... by Bill Gurley

Silicon Valley is way more correlated with Nasdaq than anyone admits.

silicon valleys way

Marketing executives like big budgets, as big budgets make it eas... by Bill Gurley

Marketing executives like big budgets, as big budgets make it easier to grow the top line.

easier lines marketing

Venture capital is unscalable. Production equals the time each pa... by Bill Gurley

Venture capital is unscalable. Production equals the time each partner has.

venture-capital venture partners

Giving away five hundred million dollars in one day - it's really... by Bill Gurley

Giving away five hundred million dollars in one day - it's really hard to justify.

company-news

Capital raising was never the issue, there has never been a company with as much success in capital raising as Uber.

business

Most of the mayors around the country are starting to see how Uber can impact drunk driving, how Uber can impact traffic congestion, they can hear from their citizenry more closely.

politics

It is critical to bundle all future variable costs of supporting the customer in order to fairly estimate the future contribution.

costs customer future contribution

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 how they operate.

key how think understanding

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.

value street performance way

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.

doing never things focus

Having an investor on your board of directors who is naive about public markets or finds them complex or scary is non-optimal.

your about who naive

It's really hard to run a business against somebody who is not ac... by Bill Gurley

It's really hard to run a business against somebody who is not acting as if it were in business.

run hard acting business

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.

daily who like money

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.

place you information people

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 got particularly cute on that front.

go think cute long

The first time you went to eBay, you probably didn't do a transac... by Bill Gurley

The first time you went to eBay, you probably didn't do a transaction.

first you first-time time