Gurley notes overfunded companies have had founders not showing up to the office.
“to And fund without picking on anybody, there are numerous examples from previous waves of even the founders, like not being in the building or not showing up. So that can definitely happen.”
Gurley says late-stage VCs force-feed companies fifty to hundred million despite no capital need, like foie gras geese.
“They just wanna cram money in. I I I thought about it. I I learned how they force feed geese to make for gras.”
Gurley notes seven AI coding or lawyer companies raised hundreds of millions, unlike venture capital he practiced.
“There's seven companies that have raised hundreds of millions of dollars. And that's not the venture capital I practiced.”