On the record about
2 people · 5 quotes · 20 Mar 2015 to 12 May 2026
2 of 2 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 20 Mar 2015 — a date, and nothing else. It is not a claim about who reached a view first.
Gurley says the government paid doctors $44,000 to implement electronic health records under the 2009 Reinvestment Act.
“So, it'd basically be like telling a construction company if you put in NetSuite, you get paid $50.”
Friedberg argues decentralized funding networks suffer from adverse selection where storytellers win over qualified candidates.
“The problem with decentralized networks is often you see adverse selection. You see this in, like, the insurance industry.”
Gurley says every VC speaking publicly is performing for future founders, creating pressure to look supportive.
“There is so much important criticality in getting in front of the right pitches that everyone wants to look like the best actor.”
Gurley says he would offer Musk's compensation package to any CEO and would buy stock in companies using similar structures.
“I would also say if any other CEO took a package like this, I would in a public company, I would be very encouraged to consider buying a lot of it.”
Friedberg argues salaried employees avoid failure to keep jobs, making it hard to create a culture of creative destruction.
“Most people in most enterprises that aren't owner operators don't want to fail. They want to keep their job. They want to move up the ladder by being repeatedly successful.”