The Minutes of Bill Gurley on cycles https://minutesof.com/bill-gurley/on/cycles/ Everything Bill Gurley has said on cycles: 2 verbatim quotes between January 2023 and April 2024, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:22:09 +0000 Gurley says venture industry is structurally flawed on cyclicality and fixing it requires rewriting standard L https://minutesof.com/q/c8817200-fb1e-452d-be22-fceea7612169/ https://minutesof.com/q/c8817200-fb1e-452d-be22-fceea7612169/ “You'd have to rewrite the standard GPLP agreement, I think. I'll spend more time thinking about that later, but it is structurally flawed, I think, from a cyclicality standpoint.” — Invest Like the Best Tue, 23 Apr 2024 08:00:00 +0000 cycles Gurley says profitable companies at IPO dropped from 90% in downturns to 5% by 2020-2021. https://minutesof.com/q/2104d574-1ccc-4cf1-b5f6-ad86fdff8778/ https://minutesof.com/q/2104d574-1ccc-4cf1-b5f6-ad86fdff8778/ “Right? And so in really dark times, the percentage of companies IPOing their profitable is like 90. But by 2020, 2021, that number is 5%.” — Tim Ferriss Thu, 26 Jan 2023 19:45:00 +0000 cycles