Gurley says Second Life went from zero to 70 million dollars in revenue in under eighteen months.
“I think the company went from 0 to 70,000,000 in revenue in less than eighteen months.”
Gurley says private companies with low growth rates are no better off than public ones with same metrics.
“But guess what? If you're private at a 100,000,000 revenue with a 10% growth rate, it's not like you're better off.”
Gurley suspects some AI companies are reselling tokens below cost, creating unsustainable growth.
“I suspect there are companies that are selling, reselling tokens from Amazon or Anthropic or whoever at a price lower than they're paying for them. And which looks like growth, but it is unsustainable.”