The Minutes of Bill Gurley on markets https://minutesof.com/bill-gurley/on/markets/ Everything Bill Gurley has said on markets: 3 verbatim quotes between February 2026 and April 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:22:04 +0000 Gurley says he is seeing the most risk seeking venture capital behavior he has ever seen in his entire life. https://minutesof.com/q/0d969e05-e88f-47f3-a8da-dcac55b2f3f0/ https://minutesof.com/q/0d969e05-e88f-47f3-a8da-dcac55b2f3f0/ “You would have a hard time convincing me that risk capital is in shortage in America right now. I'm seeing the most risk seeking venture capital behavior I've ever seen in my entire life.” — Tom Bilyeu Thu, 23 Apr 2026 13:01:05 +0000 markets Gurley explains tech valuations depend on terminal value, so existential concerns collapse price-to-earnings m https://minutesof.com/q/481b12da-0839-4433-a067-c6a1fe9888fd/ https://minutesof.com/q/481b12da-0839-4433-a067-c6a1fe9888fd/ “for most of these high-tech companies, the next five years cash flow are a fraction of their actual market cap, which means all the values in the terminal value.” — Brew Markets Fri, 27 Feb 2026 20:28:10 +0000 markets Gurley says IPO bankers hand-pick price and allocations, creating expected pops as one-day giveaways to client https://minutesof.com/q/46a04a7a-587a-4f65-a58e-fd2652a0affe/ https://minutesof.com/q/46a04a7a-587a-4f65-a58e-fd2652a0affe/ “And for the past twenty five, thirty years, you have these pops that have become expected, I would say. And it's a one day giveaway to their clients.” — Tetragrammaton with Rick Rubin Thu, 12 Feb 2026 16:34:22 +0000 markets