The Minutes of Bill Gurley on market access https://minutesof.com/bill-gurley/on/market-access/ Everything Bill Gurley has said on market access: 2 verbatim quotes from December 2020, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:11 +0000 Gurley says traditional IPOs only provide access to investment banks' biggest customers, not all investors. https://minutesof.com/q/7a32e6e1-77c2-45e5-9180-840f90a2c81b/ https://minutesof.com/q/7a32e6e1-77c2-45e5-9180-840f90a2c81b/ “The the the primary issues with the traditional IPO are twofold and the SEC nailed them both in their in their draft today, which is that it doesn't provide access to all investors.” — CNBC Television Tue, 22 Dec 2020 21:56:04 +0000 market access Gurley predicts retail investors will access IPOs directly through platforms like Robinhood. https://minutesof.com/q/4bf218e3-59dc-46d4-bd34-6e510122c295/ https://minutesof.com/q/4bf218e3-59dc-46d4-bd34-6e510122c295/ “In the future, you'll be able to go on Robinhood, if you wanna participate in IPO, you can.” — CNBC Television Tue, 22 Dec 2020 21:56:04 +0000 market access