Gurley says cloud credit investments are definitively low quality revenue despite auditor approval.
“From the big company players' side, I would just say definitively, this could get me in trouble, but This is flat out low quality revenue.”
Gurley notes four non-Microsoft coding copilot companies raised over $200M each despite being only 18 months old.
“There are four companies in the coding co pilot space that are not named Microsoft that have raised over $200,000,000 each. And we're just these companies are all of a year and a half old.”