decision-making: everyone on the record — The Minutes https://minutesof.com/on/decision-making/ Everyone on the record about decision-making: 16 verbatim quotes from 4 people, January 2022 to August 2026, in one chronology, each with a timestamp and… en Sun, 30 Aug 2026 22:32:55 +0000 Bill Gurley: Gurley says many people acted manically during SVB crisis weekend but problems resolved by mornin https://minutesof.com/q/9ffe4f8c-125f-4078-84d6-c21b1f5fc003/ https://minutesof.com/q/9ffe4f8c-125f-4078-84d6-c21b1f5fc003/ “But a lot of people did a lot of crazy manic things this weekend that didn't matter. Yeah. Because it all got solved this morning.” — Bill Gurley, BlackNova Productions Tue, 04 Aug 2026 07:36:09 +0000 decision-making Bill Gurley: Gurley says he learned waiting solves many problems, citing Silicon Valley Bank weekend as exampl https://minutesof.com/q/2694825c-e8a0-48fb-9243-38cc5e918c51/ https://minutesof.com/q/2694825c-e8a0-48fb-9243-38cc5e918c51/ “And I used I I I used to go deep in them, and this weekend was a perfect example, and there's a good transition to Silicon Valley Bank.” — Bill Gurley, BlackNova Productions Tue, 04 Aug 2026 07:36:09 +0000 decision-making Bill Gurley: Gurley explains VCs invest in only two boards yearly requiring emotional commitment not just IRR. https://minutesof.com/q/ec0804c1-2a6d-4da7-aa83-562faccfd9e0/ https://minutesof.com/q/ec0804c1-2a6d-4da7-aa83-562faccfd9e0/ “venture capitalists have a limited number of boards they can go on, probably two a year. And and so they don't have limited shot unlimited shots on goal.” — Bill Gurley, Bill Gurley Wed, 15 Jul 2026 16:30:41 +0000 decision-making Bill Gurley: Gurley explains VCs can only join two boards yearly so must emotionally commit, not just meet hur https://minutesof.com/q/45bd9854-83a8-44d0-84d7-a2b0b991ed0d/ https://minutesof.com/q/45bd9854-83a8-44d0-84d7-a2b0b991ed0d/ “But venture capitalists have a limited number of boards they can go on, probably two a year. And and so they don't have limited shot unlimited shots on goal.” — Bill Gurley, Bill Gurley Wed, 15 Jul 2026 16:30:41 +0000 decision-making Gavin Baker: Baker quotes mentor Jennifer Yurig: investors either panic early or double down late, not both. https://minutesof.com/q/bf8611b6-4632-47e7-bd6a-fbcdd7c2c677/ https://minutesof.com/q/bf8611b6-4632-47e7-bd6a-fbcdd7c2c677/ “Ultimately, as an investor, you either have to panic early or double down late. And essentially no one does both. And know thyself.” — Gavin Baker, Generating Alpha Podcast Wed, 08 Jul 2026 15:54:53 +0000 decision-making Bill Gurley: Gurley changed careers twice using the thirty-year test before finding his path to venture capita https://minutesof.com/q/ea836ebf-cf49-4754-b6e0-e5c42d3fc38c/ https://minutesof.com/q/ea836ebf-cf49-4754-b6e0-e5c42d3fc38c/ “I went to MBA school, I went to Wall Street, worked there for three years, had the same discussion with myself, which got me looking in a different direction,” — Bill Gurley, Forbes Tue, 21 Apr 2026 23:11:11 +0000 decision-making Bill Gurley: Gurley describes his heuristic of asking whether he could see himself doing the same job thirty y https://minutesof.com/q/40bf8195-de3c-4907-a90a-aa29c7c3b491/ https://minutesof.com/q/40bf8195-de3c-4907-a90a-aa29c7c3b491/ “I one day thought to myself, do I see myself doing this thirty years from now?” — Bill Gurley, Metis Strategy Fri, 10 Apr 2026 07:00:00 +0000 decision-making Bill Gurley: Gurley offers heuristic for career decisions: ask yourself if you see doing current job thirty ye https://minutesof.com/q/c39dbcb3-20f7-44e2-8652-b79b8d83cdc8/ https://minutesof.com/q/c39dbcb3-20f7-44e2-8652-b79b8d83cdc8/ “But I then had a reflection and this is the heuristic I think people can use. I, I one day thought to myself, do I see myself doing this thirty years from now?” — Bill Gurley, Metis Strategy Fri, 10 Apr 2026 07:00:00 +0000 decision-making Bill Gurley: Gurley says venture capital requires breaking your own rules or you'll say no to everything. https://minutesof.com/q/ca3a2602-6846-4e3b-bc4e-2abd25f17632/ https://minutesof.com/q/ca3a2602-6846-4e3b-bc4e-2abd25f17632/ “venture capital is a game where you have to one of the reasons, group decision making works so well is you're you're gonna have to break one of your rules or you're gonna say no to everything.” — Bill Gurley, Afford Anything Podcast Fri, 13 Mar 2026 19:00:04 +0000 decision-making Bill Gurley: And I paused in each one of them and said, do I want to be here thirty years from now, like in th https://minutesof.com/q/ccb39945-8504-4c3b-9c60-bf980f17febd/ https://minutesof.com/q/ccb39945-8504-4c3b-9c60-bf980f17febd/ “And I paused in each one of them and said, do I want to be here thirty years from now, like in that office?” — Bill Gurley, Afford Anything Podcast Fri, 13 Mar 2026 19:00:04 +0000 decision-making Bill Gurley: Gurley used a thirty-year thought experiment to test career fit, mirroring Bezos's eighty-year se https://minutesof.com/q/a3651980-8734-498a-8c16-eb6146bb9791/ https://minutesof.com/q/a3651980-8734-498a-8c16-eb6146bb9791/ “I don't know that I said, I'm doing this exercise kind of like Bezos did when he started. But I said to myself, do I see myself doing this thirty years from now?” — Bill Gurley, Lux Capital Wed, 25 Feb 2026 18:19:27 +0000 decision-making David Friedberg: Friedberg's data science leader taught that any amount of data provides predictive capability https://minutesof.com/q/3a745799-9d85-4c72-91fb-2277ddd86f05/ https://minutesof.com/q/3a745799-9d85-4c72-91fb-2277ddd86f05/ “Any amount of data gives you more than none and gives you predictive capability. And the more data you get, the better your predictive capability gets.” — David Friedberg, Venture Europe Thu, 09 Oct 2025 12:21:31 +0000 decision-making David Friedberg: Friedberg's data science lead taught that any amount of data provides predictive capability b https://minutesof.com/q/df717fed-0789-4779-9438-e3d6cf9aeb39/ https://minutesof.com/q/df717fed-0789-4779-9438-e3d6cf9aeb39/ “this guy always said, you can never have too much data, and you can never have too little data. Any amount of data gives you more than none and gives you predictive capability.” — David Friedberg, Venture Europe Thu, 09 Oct 2025 12:21:31 +0000 decision-making Howard Marks: But if I don't invest it and the world doesn't melt down, then we didn't do our job. QED, you ha https://minutesof.com/q/600fc1a2-737c-4c69-b1fe-84b75fdc3a9c/ https://minutesof.com/q/600fc1a2-737c-4c69-b1fe-84b75fdc3a9c/ “But if I don't invest it and the world doesn't melt down, then we didn't do our job. QED, you have to move forward.” — Howard Marks, My First Million Fri, 22 Aug 2025 12:36:27 +0000 decision-making Bill Gurley: Gurley advocates waiting rather than reacting, citing Silicon Valley Bank weekend as example wher https://minutesof.com/q/a3605c30-2ccf-4578-a26c-fda42a9192d2/ https://minutesof.com/q/a3605c30-2ccf-4578-a26c-fda42a9192d2/ “I've learned that if you just wait a little bit of time, a lot of problems go away.” — Bill Gurley, Tim Ferriss Thu, 20 Jul 2023 20:37:52 +0000 decision-making Gavin Baker: Baker says the key trait for public equity investors is the ability to be rational when wrong. https://minutesof.com/q/58623fb7-6bac-4971-bb36-3f63845b8c13/ https://minutesof.com/q/58623fb7-6bac-4971-bb36-3f63845b8c13/ “If I could know one thing about a person to know whether or not they would be a good public equity investor, it would simply be, are you capable of being rational when you're wrong?” — Gavin Baker, Invest Like the Best Tue, 25 Jan 2022 09:00:00 +0000 decision-making