The Minutes of Bill Gurley on acquisitions https://minutesof.com/bill-gurley/on/acquisitions/ Everything Bill Gurley has said on acquisitions: 2 verbatim quotes from December 2012, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:08 +0000 Gurley states most acquisitions are $20-70 million, but venture backing raises expectations to $150 million or https://minutesof.com/q/fb42d77b-29e0-40e4-859c-c7fc2b76b6c4/ https://minutesof.com/q/fb42d77b-29e0-40e4-859c-c7fc2b76b6c4/ “The number one type of acquisition that the big companies like to do is twenty to seventy million dollars and the minute you take venture, they help you raise the B and all of a sudden everyone's expectation is it's got to be 150 or more or we're not saying yes.” — GigaOm Tue, 11 Dec 2012 17:49:11 +0000 acquisitions Gurley cites DP Review selling to Amazon for $40-70 million as a single-founder bootstrapped success. https://minutesof.com/q/9b63b3bf-47be-4a2e-9553-8ad7e88bd799/ https://minutesof.com/q/9b63b3bf-47be-4a2e-9553-8ad7e88bd799/ “One guy, one founder and Amazon reported, no one knows the exact number, but I've heard anywhere from 40 to $70,000,000 for a single guy.” — GigaOm Tue, 11 Dec 2012 17:49:11 +0000 acquisitions