Cover art for Invest Like the Best with Patrick O'Shaughnessy

Bill Gurley - The Gift and The Curse of Staying Private

Invest Like the Best with Patrick O'Shaughnessy

Published
June 10, 2025
Duration
1h 20m
Summary source
description
Last updated
Jun 24, 2026

Discusses investing.

Summary

My guest today is Bill Gurley. Bill was the general partner at Benchmark Capital. He joins me for his sixth time on Invest Like the Best with his most comprehensive market analysis yet, examining the realities reshaping venture capital. Bill tackles the uncomfortable math underlying today's venture returns, with companies staying private for far longer. H…

Intelligent Report

Sign in to read teasers, or upgrade to Research Pro to commission intelligent report for this episode. Learn more →

Show notes

My guest today is Bill Gurley. Bill was the general partner at Benchmark Capital. He joins me for his sixth time on Invest Like the Best with his most comprehensive market analysis yet, examining the realities reshaping venture capital. Bill tackles the uncomfortable math underlying today's venture returns, with companies staying private for far longer. He also walks through why no one—from GPs to LPs to founders—has proper incentives to mark assets accurately, creating a system-wide coordinatio

Themes

  • investing