Gurley argues hyper competition makes VCs fear missing deals more than demanding discipline from founders.
“Hyper competition has made it such that the majority of VCs biggest fear is missing out on the next investment.”
Gurley says competitive dynamics have eliminated stewardship for discipline and results in venture capital.
“And I think it's led to a situation where there's not a lot of of stewardship for discipline and and results and that kind of thing.”