Together with
Good morning 👋
Bill Gurley was one of the first people I started learning from when I got into venture, and he is still one of the wisest investors in the world. He’s been through multiple cycles, and he can act as a voice of reason when things get too good or bad.
Earlier this week, he gave his unofficial “state of venture” report to Patrick O’Shaugnessy, and I listened to every word.
These are the main things that stuck out to me …


