Gurley argues venture capital patterns decay, citing how Intuit bias caused VCs to miss Shopify.
“I think the patterns have a half life and they decay. Or I saw Toby from Shopify was talking about the VCs passing on them.”
Gurley shares Toby's meeting framework that explicitly removes status quo as an option.
“We are here to solve a problem. So the one option that we know we're not gonna leave the room doing is the status quo.”