Gurley argues venture capital becomes uninteresting when peak years are stripped from forty-year assessments.
“And if you don't, if you aren't around for that part, you know, you strip those years out a forty year assessment, it's actually not that interesting an asset class, which highlights the need for venture funds to get liquidity at the peak.”
Gurley says non-AI company valuations have been cut in half in past five weeks due to VC focus on AI.
“in the past five weeks, the valuations on the non AI companies have been cut in half and so that mentality is gonna be reinforced even more and so there's just no oxygen.”