Bill Gurley

  • Meet The Competitors Vying For The Crunchie For VC Of The Year

    Meet The Competitors Vying For The Crunchie For VC Of The Year

    We’re getting ready for the 9th Annual Crunchies here at TechCrunch, where some of the brightest startups, companies and leaders hope to win the coveted Crunchie award in one of the 12 categories up for grabs. Among that mix are those who write the checks to get these startups off to a good beginning – venture capitalists. Below are the VCs who have been selected as finalists for… Read More

  • Bill Gurley Surprises With A Positive Note On Seed Stage Startups

    Bill Gurley Surprises With A Positive Note On Seed Stage Startups

    Benchmark Capital’s Bill Gurley may be Silicon Valley’s best-known tech bubble doomsayer, but he took a positive view of the early stage investments in an onstage interview at the Wall Street Journal Live conference Tuesday. “Earliest stage is probably the most insulated from this,” he told the audience of his belief we are in an impending bubble pop. Read More

  • What If The Angels Go Back To Heaven? Crunch Network

    What If The Angels Go Back To Heaven?

    “The louder he talked of his honor, the faster we counted our spoons.” That’s how Ralph Waldo Emerson described his distrust of a certain type of “private adventurer.” I think of that whenever I hear that angel investors will do more and bigger deals next year than they did last year — not because I don’t believe it, but precisely because I do. It… Read More

  • Bill Gurley: “I Hope To God We Have A Soft Landing”

    Bill Gurley: “I Hope To God We Have A Soft Landing”

    Venture capitalist Bill Gurley, Julie Wainright from TheRealReal and co-founder of unicorn startup Slack Stewart Butterfield discussed the frothiness of the market and the possibility that Silicon Valley is indeed facing a second bubble at the Vanity Fair New Establishment Summit in downtown San Francisco today. Talk of a possible bubble pop has been going on for a good decade now and… Read More

  • Autonomous Cars Break Uber Crunch Network

    Autonomous Cars Break Uber

    As Bill Gurley (General Partner at Benchmark Capital and board member of Uber) notes, Uber will be the dominant player in the ride-hailing business. Why? Because Uber’s business model is predicated on localized marketplaces of supply and demand for drivers. These localized marketplaces create strong network effects and “winner-take-most” markets. Read More

  • Bill Gurley On Some High-Flying Startups and Their Economics: It’s the “Same Sh_t” as in ’99

    Bill Gurley On Some High-Flying Startups and Their Economics: It’s the “Same Sh_t” as in ’99

    Today, at an interview sponsored by the Benchmark-portfolio company Sailthru, legendary VC Bill Gurley appeared on stage with Bloomberg reporter Emily Chang to discuss the future of e-commerce. Gurley spent much of the talk addressing the importance of personalization and the opportunity that companies miss when they focus on acquiring new customers rather than optimizing their services… Read More

  • Two Lies And A Truth About “The Bubble” Crunch Network

    Two Lies And A Truth About “The Bubble”

    There has been a lot of discussion about startup valuation over the past few months. Luminaries across the industry have chimed in, suggesting we’re returning to a time of irrational investment valuations hearkening back to the bubble of the late 90s. My colleagues and I at Sapphire Ventures are seeing the rise in private market valuations firsthand. The stage at which we invest, the… Read More

  • What The Tech Bubble Means Outside Silicon Valley Crunch Network

    What The Tech Bubble Means Outside Silicon Valley

    It’s a place, a mindset, a nickname, a metonym, an innovation hub, a TV show and a standard against which all cradles of technology are measured. Silicon Valley prides itself on having a meta-status that defies easy categorization, but this cannot save it from the impending bubble. According to investors like Mark Cuban, Chris Sacca, Bill Gurley, Manish Goyal and Bharat Ramnani… Read More

  • No Need For Alarm Over Private Company Valuations Crunch Network

    No Need For Alarm Over Private Company Valuations

    With 137% returns in an approximately two year period, there’s logic in mutual funds continuing to throw big dollars into strong IPO candidates, thus significantly inflating valuations. With this encroaching competition it’s not surprising then that VC’s are sending the warning. Read More

  • How To Play VC Poker With Billions In The Pot

    How To Play VC Poker With Billions In The Pot

    As the ranks of super unicorns continue to grow, such as with Pinterest’s shiny new $11 billion valuation, analysts are increasingly scrutinizing these prices and whether they signal a new tech bubble. Bill Gurley, the Uber investor and partner at Benchmark, argued at SXSW this week that there will be “dead unicorns” among some of these high-priced companies. Another angle… Read More

  • Bill Gurley Is Skeptical Of Driverless Cars, But Bullish On Uber (Of Course)

    Bill Gurley Is Skeptical Of Driverless Cars, But Bullish On Uber (Of Course)

    Benchmark general partner Bill Gurley doesn’t believe there’s a driverless car revolution happening anytime soon. Today in a conversation with author Malcolm Gladwell at SXSW Interactive, the famed Silicon Valley investor said the technical requirements to bring driverless cars to market will be much too high to have any sort of short-term impact. Read More

  • The Best Of Times …

    The Best Of Times …

    It was the best of times, it was the worst of times, it was the age of Minecraft, it was the age of Square, it was the epoch of burn, it was the epoch of crash, it was the season of growth and it was the season of collapse. Or so Dickens might have written if he had lived in San Francisco. The Bubble is back in the news again following comments made by Bill Gurley, the well-known Benchmark… Read More

  • Kids Love Snapchat Because They See Facebook Like Adults See LinkedIn

    Kids Love Snapchat Because They See Facebook Like Adults See LinkedIn

    Kids are in a petri dish, where their every social post can be scrutinized and used against them. That’s why disappearing media startup Snapchat is important, says its investor, Benchmark’s Bill Gurley. Teens don’t want their daily lives permanently recorded. Gurley said at TechCrunch Disrupt Berlin that Snapchat board member Mitch Lasky’s kids tell him they view… Read More

  • Bill Gurley To Join Us For Disrupt NY

    Bill Gurley To Join Us For Disrupt NY

    Venture capitalist Bill Gurley has become an institution in Silicon Valley. He and his VC firm, Benchmark, have invested in some of the most disruptive technology companies in the past ten years, including Dropbox, Zillow, Uber, Twitter, and Snapchat. We’re excited to announce that Gurley will be joining us to share his insights at Disrupt NY in a couple of weeks. Read More

  • Twitter, There’s Nothing Wrong With Being A Social Network

    Twitter, There’s Nothing Wrong With Being A Social Network

    I just finished reading an interesting blog post by venture capitalist Bill Gurley about Twitter, a portfolio company of his firm Benchmark Capital. In it, he argues that there’s a misperception about Twitter in that people keep regarding it as a social network and pitting it against Facebook. Gurley makes some good points, albeit ones that have been made in the past, about Twitter being… Read More

  • Benchmark Capital's Stand: We Will Never Do a Seed or Late Stage Fund

    Benchmark Capital's Stand: We Will Never Do a Seed or Late Stage Fund

    Editor’s Note: This is part two in an in-depth series exploring the ramifications of the explosion of late stage capital being raised by the Valley’s elite venture firms. For part one, go here. In the mid-2000s when nearly every top venture capital firm was expanding to India and China, Benchmark Capital did not share its peers’ worldly ambitions. In fact, while the firm… Read More

  • Levchin and Gurley Say That Next Big Company Will Capture The Interest Graph

    Yesterday, at the Goldman Sachs Technology and Internet Conference in San Francisco, Googler and PayPal founder Max Levchin and Benchmark GP Bill Gurley discussed “game-changing technology” and the future of the Web. Emblematic of today’s mindset, they attacked this rather large topic by comparing the strengths and objectives of Google and Facebook, using the… Read More

  • Will China's 1999 Moment Bail-Out Some Valley VCs?

    Will China's 1999 Moment Bail-Out Some Valley VCs?

    Yes, China is taking over the world. Or at least the Internet. No, this is not like the WE’LL-ALL-BE-WORKING-FOR-JAPAN-oh-nevermind scare of the 1980s. Why? Because China has more than 1 billion people. It already represents the largest online audience in the world and is less than 30% penetrated and has Internet spending per capita that’s less than one-third of the United… Read More

  • TechCrunch Backstage Day 2: Armstrong, Chamillionaire, Mayor Gavin Newsom, Oh My! (TCTV)

    Chamillionaire admitting his love for Mafia Wars, Steve Streit recounting his first meeting with Michael Moritz, Tim Armstrong and Erick Schonfeld discussing office arrangements in New York, and Mayor Gavin Newsom’s thoughts on baring a striking resemblance to Batman— that’s all the action you may have missed if you only watched the stage during day two of TechCrunch… Read More

  • The Top Ten VC Blogs (New And Improved)

    Every so often, venture capitalist Larry Cheng puts out a list of the top VC blogs. Previously, he ranked the blogs by how many subscribers they have on Google Reader. But now he’s changed his methodology and is ranking them by average monthly unique visitors, based on Compete data. He just came out with his new global ranking for the fourth quarter of 2009. Below are the top ten… Read More