The Minutes of Bill Gurley on exits https://minutesof.com/bill-gurley/on/exits/ Everything Bill Gurley has said on exits: 5 verbatim quotes between December 2012 and July 2026, each with a timestamp and a link to the recording it came… en Sun, 30 Aug 2026 16:22:01 +0000 Gurley notes owning 100% of a $20 million exit creates lifetime wealth and attracts more acquirers than larger https://minutesof.com/q/17717505-f71b-4440-84f3-caef76ecf3b8/ https://minutesof.com/q/17717505-f71b-4440-84f3-caef76ecf3b8/ “Your boss won't care. If you own a 100% of a $20,000,000 company, that's lifetime wealth.” — Bill Gurley Wed, 15 Jul 2026 16:30:41 +0000 exits Gurley warns founder equity drops from 90% to 10% while market prefers $20-100M exits over billion dollar outc https://minutesof.com/q/5defb14b-5816-4802-b421-c1767848f717/ https://minutesof.com/q/5defb14b-5816-4802-b421-c1767848f717/ “And very quickly, almost in a flash before you know it, your founder's equity goes from 90% to 10%. And I've watched it happen over and over and again.” — Forbes Tue, 21 Apr 2026 23:11:11 +0000 exits Gurley argues companies that can't generate $100 million in revenue shouldn't take venture funding. https://minutesof.com/q/2869d4aa-f653-444e-a8fb-01d67a4cb417/ https://minutesof.com/q/2869d4aa-f653-444e-a8fb-01d67a4cb417/ “I'm the first to argue that if your idea is not something that can generate a $100,000,000 in revenue, you may not want to take venture.” — GigaOm Tue, 11 Dec 2012 17:49:11 +0000 exits Gurley calculates that owning 80% of a $30 million exit yields $24 million for the entrepreneur. https://minutesof.com/q/93f3886c-2578-413e-b571-6695b6251de4/ https://minutesof.com/q/93f3886c-2578-413e-b571-6695b6251de4/ “And so if you have a killer product that might elicit a $30,000,000 exit and you can bootstrap and hustle your way and own 80% of it, you know, 80% of 30,000,000 is $24,000,000.” — GigaOm Tue, 11 Dec 2012 17:49:11 +0000 exits Gurley calculates that owning eighty percent of a thirty million dollar exit yields twenty-four million for th https://minutesof.com/q/5938c5fa-f2af-4c79-9aaa-40bb38bb6457/ https://minutesof.com/q/5938c5fa-f2af-4c79-9aaa-40bb38bb6457/ “if you have a killer product that might elicit a $30,000,000 exit and you can bootstrap and hustle your way and own 80% of it, you know, 80% of 30,000,000 is $24,000,000.” — GigaOm Tue, 11 Dec 2012 17:49:11 +0000 exits