Bill Gurley · Tom Bilyeu · 23 April 2026
“I have a phrase I use, regulation is the friend of the incumbent. So they use it to actually raise prices, prevent competition, and further in ensconce themselves in the leadership role they're already in.”
Verbatim excerpt with a timestamp. The full recording is at the source; we link out and do not host it. Everything Bill Gurley is on record saying.