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. Bill Gurley More Quotes by Bill Gurley More Quotes From Bill Gurley You can't make money with a consensus accurate prediction. Bill Gurley accurate predictions making-money No one's fearful, everyone's greedy, and it will eventually end. Bill Gurley fearful greedy ends Over the past 10 years, the majority of value creation in the venture community has been in consumer Internet. Bill Gurley community past years There is no fear in Silicon Valley right now. Bill Gurley silicon valleys no-fear Silicon Valley is way more correlated with Nasdaq than anyone admits. Bill Gurley silicon valleys way Marketing executives like big budgets, as big budgets make it easier to grow the top line. Bill Gurley easier lines marketing Venture capital is unscalable. Production equals the time each partner has. Bill Gurley venture-capital venture partners Giving away five hundred million dollars in one day - it's really hard to justify. Bill Gurley company-news Capital raising was never the issue, there has never been a company with as much success in capital raising as Uber. Bill Gurley business It is critical to bundle all future variable costs of supporting the customer in order to fairly estimate the future contribution. Bill Gurley 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. Bill Gurley 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. Bill Gurley 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. Bill Gurley 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. Bill Gurley your about who naive It's really hard to run a business against somebody who is not acting as if it were in business. Bill Gurley 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. Bill Gurley 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. Bill Gurley place you information people 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 place mountain together 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. Bill Gurley go think cute long The first time you went to eBay, you probably didn't do a transaction. Bill Gurley first you first-time time
