The Minutes of Bill Gurley on investment strategy https://minutesof.com/bill-gurley/on/investment-strategy/ Everything Bill Gurley has said on investment strategy: 2 verbatim quotes from May 2022, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:10 +0000 Gurley states the best downside protection in venture capital is fully capturing the upside. https://minutesof.com/q/7dfb4ca9-25be-40bc-8072-a9faa927e97c/ https://minutesof.com/q/7dfb4ca9-25be-40bc-8072-a9faa927e97c/ “the best way to protect yourself against the downside is to enjoy every last bit of the upside.” — All-In Podcast Mon, 23 May 2022 05:10:20 +0000 investment strategy Gurley explains venture firms must maximize upside because IRR depends on hot cycle performance, which may acc https://minutesof.com/q/74630893-0a8d-4332-8f11-489f98bbd7d5/ https://minutesof.com/q/74630893-0a8d-4332-8f11-489f98bbd7d5/ “And that's where we came up with this phrase that the best way to protect yourself against the downside is to enjoy every last bit of the upside.” — All-In Podcast Mon, 23 May 2022 04:51:01 +0000 investment strategy