Gurley says the government paid doctors $44,000 to implement electronic health records under the 2009 Reinvestment Act.
“So, it'd basically be like telling a construction company if you put in NetSuite, you get paid $50.”
Gurley says every VC speaking publicly is performing for future founders, creating pressure to look supportive.
“There is so much important criticality in getting in front of the right pitches that everyone wants to look like the best actor.”
Gurley says he would offer Musk's compensation package to any CEO and would buy stock in companies using similar structures.
“I would also say if any other CEO took a package like this, I would in a public company, I would be very encouraged to consider buying a lot of it.”
Gurley argues GPs self-report private investment valuations to LPs with no incentive for accuracy.
“No one has an incentive to get the marks right. For those that don't know this world, private investing, both on the PE side and the VC side is this weird world where the GPs, the people responsible for the investments, report the price to the LPs. They get to pick it.”
Gurley says drug companies focus on symptom support rather than cures because there is more money in it.
“A lot of drug companies end up focused on symptom support rather than solving it because there's more money in that, and unfortunately, that's less, you know, it'd be much better if we cured the disease.”