Gurley traces late-stage private market boom to Yuri Milner's contrarian Facebook bet below ten billion valuation.
“And a very, very smart man, Yuri Milner makes a bet on Facebook at a price that seems fairly high.”
Gurley says Facebook went public at forty dollars and traded down to eighteen before fixing their mobile products.
“They went public at 40 and the stock traded down to 18. And that kinda woke them up, and Mark, like, got the company motivated and and got their mobile products way better.”