The Minutes of Bill Gurley on bubbles https://minutesof.com/bill-gurley/on/bubbles/ Everything Bill Gurley has said on bubbles: 6 verbatim quotes between July 2023 and April 2026, each with a timestamp and a link to the recording it came… en Sun, 30 Aug 2026 16:22:01 +0000 Gurley argues real disruptive waves like AI naturally create bubbles alongside genuine innovation. https://minutesof.com/q/562b8dc9-626b-4f01-b14d-58e8dfa3bdc7/ https://minutesof.com/q/562b8dc9-626b-4f01-b14d-58e8dfa3bdc7/ “And so I think that's where we are right now. It's real, it's disruptive, it's amazing, it it's changing a lot of different things in industry.” — Metis Strategy Fri, 10 Apr 2026 07:00:00 +0000 bubbles Gurley argues real technology waves necessarily attract speculation and bubble behavior as pairs. https://minutesof.com/q/d3207c47-aae5-4f3e-b3ce-b72c8f5f5808/ https://minutesof.com/q/d3207c47-aae5-4f3e-b3ce-b72c8f5f5808/ “If the wave is real, then you're going to have bubble like behavior. Like they come together as a pair precisely because anytime there's very quick wealth creation, you're going to get a lot of people that want to come try and take advantage of that or participate in it.” — Tim Ferriss Wed, 17 Dec 2025 16:45:52 +0000 bubbles Gurley observes venture markets rise slowly but crash immediately, based on experiencing three bubble cycles. https://minutesof.com/q/a28d89f9-eb3f-4eb7-821e-aa227e16db49/ https://minutesof.com/q/a28d89f9-eb3f-4eb7-821e-aa227e16db49/ “Yeah. Look, I've lived through three different bubbles and bursts in this industry, and unfortunately, it's highly cyclical. And when you and and it tends to go up slowly, and it tends to crash immediately.” — CNBC Television Mon, 11 Sep 2023 16:11:42 +0000 bubbles Gurley says the venture industry is highly cyclical, rising slowly but crashing immediately across three bubbl https://minutesof.com/q/84e1ff8f-eb18-4a77-8fca-b2b4a9d43069/ https://minutesof.com/q/84e1ff8f-eb18-4a77-8fca-b2b4a9d43069/ “I've lived through three different bubbles and bursts in this industry, and unfortunately, it's highly cyclical. And when you and and it tends to go up slowly, and it tends to crash immediately.” — CNBC Television Mon, 11 Sep 2023 16:11:42 +0000 bubbles Gurley says in the recent boom every venture firm started multiple funds, slowly piling up risk unknowingly. https://minutesof.com/q/c1542d35-d580-4c80-a252-68a8b8f65783/ https://minutesof.com/q/c1542d35-d580-4c80-a252-68a8b8f65783/ “And in this past boom, in addition to everyone starting a venture firm, every venture firm started multiple venture firms and growth firms, and all that money gets piled up and you're slowly taking on risk and you don't realize it. It's like the roller coaster goes, nink, nink, nink, nink, nink.” — Bloomberg Originals Fri, 21 Jul 2023 01:00:14 +0000 bubbles Gurley says firms that exited in the late 1990s bubble missed the vast majority of returns. https://minutesof.com/q/1999384c-643e-44d4-bfb8-a478a7df965f/ https://minutesof.com/q/1999384c-643e-44d4-bfb8-a478a7df965f/ “But the vast majority of the returns are in these periods at the top of these bubbles.” — Bloomberg Originals Fri, 21 Jul 2023 01:00:14 +0000 bubbles