Gurley cites Priceline returning 120x from a billion dollar public market entry as precedent for AI winners.
“Investing you know, we have Bob Mylot on last week investing in Priceline at a billion dollars. That was a 120 x in the public markets.”
Gurley notes more bank tellers exist today than forty years ago despite ATMs.
“There's still people working in banks today despite the fact that the ATM There've been studies that say there's more bank tellers today than there were like forty years ago.”