No one's fearful, everyone's greedy, and it will eventually end. Bill Gurley More Quotes by Bill Gurley More Quotes From Bill Gurley 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 newnatureproblemtime 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. Bill Gurley customervalueinternetbusiness 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. Bill Gurley lastgamestrategygames
