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.”
Gurley predicts headlines about death of software will appear silly in less than 24 months.
“I suspect that these headlines, the end of software, the death of software, in I would argue less than twenty four months will appear to be silly.”
Gurley says post-correction windows are the calmest periods with least anxiety in his three-decade career.
“By the way, I found, and I shared this with my partners the other day, I found through my career, which wasn't four decades, okay.”