The Minutes of Bill Gurley on expectations https://minutesof.com/bill-gurley/on/expectations/ Everything Bill Gurley has said on expectations: 2 verbatim quotes between February 2024 and July 2026, each with a timestamp and a link to the recording… en Sun, 30 Aug 2026 16:22:10 +0000 Gurley warns that higher valuations create higher expectations where slight missteps put companies underwater. https://minutesof.com/q/57620673-e793-4b0d-819a-af788755f600/ https://minutesof.com/q/57620673-e793-4b0d-819a-af788755f600/ “Valuations represent discounted future expectations. So the higher the valuation you take, the more is expected of you and the slight misstep and you could be way underneath.” — Forbes Mon, 13 Jul 2026 11:00:14 +0000 expectations Gurley invokes Spielberg's Jaws example to suggest AI expectations may exceed what can actually be delivered. https://minutesof.com/q/60fe04c6-465b-4069-9fbb-afc84ae693f8/ https://minutesof.com/q/60fe04c6-465b-4069-9fbb-afc84ae693f8/ “I saw this inner great interview once with Spielberg when he was talking about Jaws. And he said, you know, I didn't show the shark until like 75% of the way through this thing.” — BG2 Pod Thu, 08 Feb 2024 19:35:00 +0000 expectations