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Bill Gurley
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@bgurley
Founder/President @p3institute Author: Runnin' Down a Dream, pre-order link below! Founder: Runnin' Down a Dream Foundation VC @benchmark Trustee @sfiscience
penguinrandomhouse.com/books/769256/r…
Joined April 2007
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  • Pinned
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    Bill Gurley
    Benchmark
    @bgurley
    Oct 15, 2025
    I have written my first book! A passion project of almost 10 years, Runnin' Down a Dream aims to give people both the motivation & the methods for thriving in a career they actually love. Put a lot of heart and soul into this - hope you ❤️ it. Pre-order:
    Runnin' Down a Dream
    From amazon.com
    1.7M
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Apr 29, 2022
    An entire generation of entrepreneurs & tech investors built their entire perspectives on valuation during the second half of a 13-year amazing bull market run. The "unlearning" process could be painful, surprising, & unsettling to many. I anticipate denial. Some thoughts:
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Nov 20, 2023
    If you told me 10 years ago that a group of the smartest engineers in the land would evoke the threat, "Do what I say or I will go to work at Microsoft," I would not have believed you. Amazing shift in corporate reputation (and much credit to Satya).
    1.4M
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Dec 5, 2024
    My favorite part of @dealbook today. Both SamA & Bezos were probed if they feared Elon abusing relationship with president elect to benefit his competitive position. BOTH of them said they didn’t think that’s how Elon rolls. Independently both had same POV. Despite rivalry.
    user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Dec 5, 2024
    Super thrilled to attend @dealbook Summit hosted by @andrewrsorkin. What a special event. Remarkable assembly of amazing people. Appreciate being invited.
    35M
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Apr 4, 2021
    100%. I’m on team Chuck. Blind support of a political party (on both sides) is our key problem.
    user avatar
    Anthony Pompliano 🌪
    @APompliano
    Apr 4, 2021
    We’re all humans. Shout out to Charles Barkley for hitting the national audience with the truth.
    RunBMC
    00:00
    RunBMC
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Jun 15, 2022
    Having survived two previous market resets (2001, 2009), people frequently ask me how this 2022 market reset is different and how it is the same. The obvious similarity is that valuation multiples have collapsed. We went from a "glass very full" mindset to one with many concerns.
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Nov 12, 2025
    I’ll say it again - boards that don’t move could be sued in Delaware for staying - and exposing shareholders to uncapped securities claims.
    user avatar
    Leave Delaware
    @LeaveDelaware
    Nov 12, 2025
    🚨JUST IN: Coinbase Global Inc (NASDAQ: COIN), with a $82B Market Cap, has decided to officially LEAVE DELAWARE for Texas. One of the biggest companies in crypto history just turned its back on the old system. The DEXIT movement is in full swing.
    14M
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Jan 17, 2023
    As people come to terms with the weight of our new environment, they are slowly beginning to realize how radically things have changed. One area in particular that has changed - the required level of "corporate performance" needed to simply survive (let alone thrive). 🧵
    3.1M
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Apr 13, 2020
    Let's be candid. If you believe in business & capitalism, then there are zero circumstances where the government should bail out equity holders. $GM and $GS were mistakes. If the gov't is the lender of last resort, they should own all of the equity. I invest in equity as my job.
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Jul 31, 2025
    With $FIG we have another massive "POP" highlighting the gross inefficiency in the modern IPO process. It's very simple. They REFUSE to match supply/demand (that happened today). They brag about the mis-match - "30X oversubscribed." The outcome is expected & fully intentional.
    738K
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Mar 17, 2020
    I am living through my third “reset” in Silicon Valley. Reputations are built in hard times, not the easy times. If you shake a hand, sign your name - stand strong, or your word is no good. Otherwise you are a transient that only wanted the easy take. And you should move on.
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Apr 29, 2022
    Replying to @bgurley
    1) Previous "all-time" highs are completely irrelevant. It's not "cheap" because it is down 70%. Forget those prices happened. 2) Valuation multiples are always a hack proxy. Dangerous to use. If you insist, 10X should be considered AMAZING and an upper limit. Over that silly.
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Sep 25, 2025
    I hope everyone in Washington DC and leaders around the globe understand how bold and generous it is that Tesla open sources their patents. It’s a contribution to all of society. And unprecedented.
    user avatar
    Elon Musk
    X
    @elonmusk
    Sep 25, 2025
    Replying to @alex_avoigt
    What matters is that the cycle time of the overall production process can get to ~10 seconds and there is a path to cars coming off the line every 5 seconds. I posted about Tesla taking this new path based on physics first principles long ago. Btw, anyone is welcome to copy
    594K
  • user avatar
    Bill Gurley
    Benchmark
    @bgurley
    Mar 24, 2020
    If someone older than you with business experience is giving you advice on navigating tough times please listen & don’t argue. Good judgement comes from experience that comes from bad judgment. They used to have the same perspective you do. That’s why they are trying to help.