Gurley argues network effects are easier to build when supply is fragmented rather than consolidated like Ticketmaster venues.
“Part of what I loved about both OpenTable and Uber, it's easier to build a network effect if supply is limited, I can't You know how many people have tilted against Ticketmaster and whatnot?”
Gurley says venture capital structurally sucks due to low entry barriers and high exit barriers.
“There's high competition. But the big problem, and this is structural, is there's low barriers to entry and high barriers to exit.”