Gurley says competitive dynamics have eliminated stewardship for discipline and results in venture capital.
“And I think it's led to a situation where there's not a lot of of stewardship for discipline and and results and that kind of thing.”
Gurley argues being public helps companies run better through enforced discipline and smart questioning.
“one of the things that I believe strongly that I think is less well understood is that being public actually helps the companies run better. It's an enforced discipline.”
Gurley believes being public helps companies run better through enforced discipline from smart investors.
“I believe strongly that I think is less well understood is that being public actually helps the companies run better. It's an enforced discipline.”
Gurley argues excessive capital in Silicon Valley allows entrepreneurs to run without discipline or accountability.
“The the I guess the thing I would say is that, you know, the excessive amount of capital that's been available to Silicon Valley has allowed a lot of entrepreneurs to run without much discipline because if you if if you're not running out of money, you're not constantly being regraded and asked to come back to the table.”