Bill Gurley · GigaOm · 14 December 2012

“When the wave crashed, we were doing 100 ks a month in revenue and burning 1,100,000 a month. And all of a sudden capital availability looks like non existent.”

Listen at the timestamp · See it in context

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.