The Minutes of Bill Gurley on mental models https://minutesof.com/bill-gurley/on/mental-models/ Everything Bill Gurley has said on mental models: 5 verbatim quotes between January 2023 and June 2026, each with a timestamp and a link to the recording… en Sun, 30 Aug 2026 16:22:03 +0000 Gurley defines complex systems as multi-variable non-linear systems that can behave unpredictably when one var https://minutesof.com/q/f1e6e6c8-30c2-4fe8-bbd8-373ba107633a/ https://minutesof.com/q/f1e6e6c8-30c2-4fe8-bbd8-373ba107633a/ “And multi variable non linear systems are very hard to predict. They can behave one way for a long time, and then one variable can switch and they can behave another way.” — The Knowledge Project Podcast Tue, 09 Jun 2026 10:00:30 +0000 mental models Gurley says Wall Street is the buyer of the product venture capitalists create through M&A or IPO. https://minutesof.com/q/02dd2c0f-8caf-4c67-8163-de90100d86ec/ https://minutesof.com/q/02dd2c0f-8caf-4c67-8163-de90100d86ec/ “You know, I've always thought of Wall Street as the buyer of the product that venture capitalists create.” — The Knowledge Project Podcast Tue, 09 Jun 2026 10:00:30 +0000 mental models Gurley argues older investors build cynical mental models that make them miss next disruptive thing. https://minutesof.com/q/42936be2-556f-4b3e-8f43-c9a349d06410/ https://minutesof.com/q/42936be2-556f-4b3e-8f43-c9a349d06410/ “Two, I think, and this all goes back to the asymmetric optimism thing, as you get older, you build more mental models and you become more cynical.” — MIT Sloan VCPE Mon, 11 May 2026 19:59:13 +0000 mental models Gurley developed a mental exercise asking if he saw himself in his job thirty years from now. https://minutesof.com/q/7ff17263-0f8b-43a8-89dd-86131d26e796/ https://minutesof.com/q/7ff17263-0f8b-43a8-89dd-86131d26e796/ “I had this I developed this mental exercise that I didn't realize I was doing, but at the time, but I said to myself well, a couple years in, we started a third project, looked like the second project, looked like the first project.” — Commonwealth Club World Affairs of California Mon, 02 Mar 2026 17:48:19 +0000 mental models Gurley says all investors must hold strong opinions loosely because variables constantly change. https://minutesof.com/q/7d12c629-8bb6-490c-8c87-22199fbb5e85/ https://minutesof.com/q/7d12c629-8bb6-490c-8c87-22199fbb5e85/ “And Yes. I think I think all investors have to work within that framework because things change.” — Tim Ferriss Thu, 26 Jan 2023 19:45:00 +0000 mental models