The Minutes of Bill Gurley on rsu https://minutesof.com/bill-gurley/on/rsu/ Everything Bill Gurley has said on rsu: 2 verbatim quotes from March 2024, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:12 +0000 Gurley explains a large investor pushed for zero-based RSUs believing one RSU equals 2.5-3 options to reduce d https://minutesof.com/q/a9f03287-e26c-4ff5-9c1e-091efbb06f75/ https://minutesof.com/q/a9f03287-e26c-4ff5-9c1e-091efbb06f75/ “This particular investor in this very large public Internet company felt that if they move to zero based RSUs from options, and this gets into a technical detail around Black Shoals, that, you know, there's an argument from Black Shoals that a single RSU is worth about two and a half or three options.” — BG2 Pod Thu, 21 Mar 2024 21:32:49 +0000 rsu Gurley argues zero-based RSUs allow management to capture 80% value while shareholders lose 20%, showing misal https://minutesof.com/q/0bb5fb26-c655-4bc2-9a76-56adf4133f5c/ https://minutesof.com/q/0bb5fb26-c655-4bc2-9a76-56adf4133f5c/ “And here's where we get into questions of alignment with shareholders, because you could theoretically have a management team that leads a company, you know, over a year to a 20% decline and pick up 80% of the value of their equity award.” — BG2 Pod Thu, 21 Mar 2024 21:32:49 +0000 rsu