Phrase by 'Bill Gurley'
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Venture capital is unscalable. Production equals the time each partner has.
Author: Bill Gurley - American BusinessmanTime , Production , Partner , Venture
The first time you went to eBay, you probably didn't do a transaction.
Author: Bill Gurley - American BusinessmanYou , Time , First , First Time
Most firms are hierarchical in nature, with everyone getting different slices of the economic pie. The problem is those slices are negotiated every time a firm raises a new fund, so in between funds, which is most of the time, the partners are trying to outgun one another to make a stronger case for themselves.
Author: Bill Gurley - American BusinessmanTime , New , Nature , Problem
Many consumer Internet business executives are loyalists of the Lifetime Value model, often referred to as the LTV model or formula. Lifetime value is the net present value of the profit stream of a customer.
Author: Bill Gurley - American BusinessmanInternet , Value , Business , Customer
If one asserts that buying customers below what they charge them is a corporate strategy, this is in essence an arbitrage game, and arbitrage games rarely last.
Author: Bill Gurley - American BusinessmanGame , Games , Last , Strategy
Marketing executives like big budgets, as big budgets make it easier to grow the top line.
Author: Bill Gurley - American BusinessmanLike , Grow , Big , Top
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