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    <title>The Minutes of Bill Gurley on frameworks</title>
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    <description>Everything Bill Gurley has said on frameworks: 4 verbatim quotes between July 2019 and March 2026, each with a timestamp and a link to the recording it…</description>
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      <title>Gurley tests marketplace strength by asking if value to one side grows exponentially as the other side scales.</title>
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      <description>“When I push entrepreneurs to think about this and it gets to your increasing marginal utility, but I just say, as you penetrate a supplier base, one side of a marketplace, whatever, is the value proposition to the other side going up? And ideally, it would be going up exponentially, which is super hard.” — Invest Like the Best</description>
      <pubDate>Tue, 23 Apr 2024 08:00:00 +0000</pubDate>
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      <title>Gurley shares his unpublished formula for evaluating network effects using value versus market penetration.</title>
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      <description>“If it&#x27;s a two sided network, you could build one for the value to the supplier, one for the value to the consumer. On the x axis is your penetration into the market.” — Invest Like the Best</description>
      <pubDate>Tue, 02 Jul 2019 09:30:00 +0000</pubDate>
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      <title>Gurley coined the term liquidity quality and prioritizes it over geographic breadth when evaluating marketplac</title>
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      <description>“And I&#x27;ve come up with this phrase I use internally that I made up. So I one day I&#x27;ll have to write a definition of it, but I call it liquidity quality.” — Invest Like the Best</description>
      <pubDate>Tue, 02 Jul 2019 09:30:00 +0000</pubDate>
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      <title>Gurley introduces his concept of liquidity quality as more important than geographic breadth for marketplaces.</title>
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      <description>“So I one day I&#x27;ll have to write a definition of it, but I call it liquidity quality. And I tell entrepreneurs I care way more about that than I do how broad you are.” — Invest Like the Best</description>
      <pubDate>Tue, 02 Jul 2019 09:30:00 +0000</pubDate>
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