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    <title>The Minutes of Bill Gurley on founder advice</title>
    <link>https://minutesof.com/bill-gurley/on/founder-advice/</link>
    <description>Everything Bill Gurley has said on founder advice: 4 verbatim quotes between January 2024 and July 2026, each with a timestamp and a link to the recording…</description>
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    <lastBuildDate>Sun, 30 Aug 2026 16:22:04 +0000</lastBuildDate>
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      <title>Gurley argues owning 100% of a $20M company beats owning diluted equity in $500M sale.</title>
      <link>https://minutesof.com/q/989ad6ba-be21-40f4-a53c-674037297390/</link>
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      <description>“If you own a 100% of a $20,000,000 company, that&#x27;s lifetime wealth. Like, trying to make $20,000,000 selling a company for 500,000,000, that&#x27;s hard because it&#x27;s hard to sell if” — Bill Gurley</description>
      <pubDate>Wed, 15 Jul 2026 16:30:41 +0000</pubDate>
      <category>founder advice</category>
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    <item>
      <title>Gurley explains liquidation preference means common shareholders only benefit after $500M raised is repaid.</title>
      <link>https://minutesof.com/q/7e0138ad-f8a5-411d-97bf-10d038ba2ba2/</link>
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      <description>“if you&#x27;ve raised in these days of these AI rounds, if you raise 500,000,000, Lake Common doesn&#x27;t even participate until you get a sale over that, technically.” — Bill Gurley</description>
      <pubDate>Wed, 15 Jul 2026 16:30:41 +0000</pubDate>
      <category>founder advice</category>
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      <title>Gurley warns that high valuations represent discounted future expectations, creating risk for founders.</title>
      <link>https://minutesof.com/q/61eeb6f9-bae8-42cc-b4d4-e039e5c7332d/</link>
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      <description>“The other thing that founders should always realize that they unfortunately, especially young ones, don&#x27;t understand. Valuations represent discounted future expectations.” — Forbes</description>
      <pubDate>Mon, 13 Jul 2026 11:00:14 +0000</pubDate>
      <category>founder advice</category>
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      <title>Gurley criticizes founders obsessed with clearing their last round valuation when raising new capital.</title>
      <link>https://minutesof.com/q/59d40573-9077-4a2a-8ba7-7dbc17de95d2/</link>
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      <description>“Yeah. People get overly, focused on this last round valuation thing. Like, it is I can&#x27;t tell you how many founders I&#x27;ve had a conversation with where it&#x27;s clear the number one objective in their function about the next financing is to clear the bar of the last round. And it just shouldn&#x27;t matter that much.” — Bg2 Pod</description>
      <pubDate>Thu, 25 Jan 2024 16:05:50 +0000</pubDate>
      <category>founder advice</category>
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