bill gurley net worth


Benchmark is famous for making early, disciplined bets on startups, and taking an active hand in building companies. But before rejecting him, the firm's partners also gave him some advice: Go to Wall Street. Bill Gurley salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Bill Gurley based on real numbers.

[19][20], Previous investments have included: Avamar Technologies (acquired by EMC Corporation), Business.com (acquired by R.H. Donnelley), Clicker.com (acquired by CBS Interactive), Demandforce (acquired by Intuit), Employease (acquired by Automatic Data Processing), JAMDAT Mobile (acquired by Electronic Arts), Nordstrom.com (acquired by Nordstrom), Shopping.com (acquired by eBay), The Knot, Uber, and Vudu (acquired by Walmart). All Rights Reserved.

The now-legendary investment banker Frank Quattrone was an early mentor of Gurley’s, convincing him to move to Silicon Valley to cover internet companies for his firm in exchange for helping Gurley navigate the region’s burgeoning venture scene. How cloud computing and smart phones will change the world of work. He seemed to be deciding how to answer. Uber had made good on the mandate to grow fast, expanding to hundreds of cities around the globe while introducing a range of price options and new services including food delivery and micro-mobility. [28], In March 2016, Gurley was named VC of the Year at TechCrunch’s annual Crunchies awards.[29]. Gurley doesn’t speak about the dramatic episode publicly, but Quattrone said he was forthcoming during a private gathering of tech executives last fall.“He was incredibly candid about his experience there, warts and all, displaying a humility and ability to learn from his mistakes,” Quattrone told Bloomberg. Benchmark had huge wins in 2017 from the Snap and Stitch Fix IPOs. “Bill was the catalyst” for getting rid of Kalanick, Carolan said. - The Browser: Analyzing the tech biz, "The Airbnb For Pets, DogVacay, Raises $6M From Benchmark", "Benchmark Makes 'Contrarian' Bet on Small Grocery Startup in Age of Amazon", "HackerOne Emerges With $9 Million to Root Out Software Bugs", "Sailthru Raises $19 Million For Using Big Data Respectfully", "Stitch Fix, The Online Personal Shopping Startup, Sews Up $12 Million Series B Led By Benchmark", "Jason Kilar's New Startup Has a Name, and a Whole Lot of Money", "Bill Gurley reunites with Zillow's Spencer Rascoff to talk 'insane curiosity' and finding good leaders", "WSJ News Exclusive | Venture Capitalist Bill Gurley Isn't Joining Benchmark's Next Fund", "Bill Gurley is stepping away from an active role at Benchmark, 21 years after joining the firm", How To Survive Great Depression 2.0 Without Firing Everyone, Benchmark Capital Advises Startups To Conserve Capital, Look For Opportunities, Bill Gurley Sees Silicon Valley on a Dangerous Path, "VC Bill Gurley Tells Startups to Beware of 'Dirty' Fundraising Terms", "Silicon Valley investor: Unicorn startups are like career college students", "Silicon Valley Investor Warns of Bubble at SXSW", "And The Winners Of The 9th Annual Crunchies Are…", "Bill Gurley to leave Uber's board of directors – TechCrunch", "Amid Tumult at Uber, Bill Gurley Is Said to Be Leaving Board", "Kalanick Critic to Step Down From Uber Board of Directors", "In Silicon Valley, a Voice of Caution Guides a High-Flying Uber", 08/25/97 BILL GURLEY-Venture Capitalist, Hummer Winblad Venture Partners, Amazon.com: eBoys: The First Inside Account of Venture Capitalists at Work: Randall E. Stross: Books, "Atherton: Uber drivers, other contract workers protest outside of Uber investor's home", Bill Gurley and Matt Cohler interview on TechCrunch, Bill Gurley on CNBC September 14, 2007 with Bill Griffeth, https://en.wikipedia.org/w/index.php?title=Bill_Gurley&oldid=984193997, Articles with dead external links from November 2016, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License, This page was last edited on 18 October 2020, at 19:09. A towering Texan at 6 feet, 9 inches, Gurley is a former jock known for his acid wit on Twitter and an easygoing, convivial demeanor in person. “I convinced him his best path to launching that career was by establishing himself as the most credible lead analyst on the best venture-backed internet IPOs.” It worked. “In an environment where some leading VCs defer to founders to a fault, he was willing to stand up for the values he believed were right, even if it risked his relationship with founders more broadly. So when he blogs about the "b word" (bubble) and follows it up with a media tour, no [...], Benchmark partner Bill Gurley is sounding the alarm again. [5] Gurley received his Masters of Business Administration degree from the University of Texas McCombs School of Business in 1993. Through a spokeswoman, Gurley declined to be interviewed for this article. Abhyanker declined to comment, citing a confidentiality agreement.From the start of their investment in Uber in 2011, Gurley and his partners recruited talent; smoothed relations with regulators in new cities; and helped the team consider new strategies, like incorporating autonomous driving technologies and electric bikes and scooters. Some tussles with founders led to lawsuits. Gurley's firm is sitting on about $8 billion worth of Uber stock and has been at the center of the boardroom drama. He thinks strategically and sees around corners,” said Matt Maloney, founder and chief executive of Grubhub Inc., where Gurley served on the board until 2015.

“I convinced him his best path to launching that career was by establishing himself as the most credible lead analyst on the best venture-backed internet IPOs.”. on Wall Street for a few years as a tech analyst during the early 1990s, building a reputation for blending his technological know-how with financial modeling. alma mater, the McCombs School of Business at the University of Texas at Austin. He described dozens of relationships he’d had in the industry over the years; notably missing was any mention of Kalanick and Uber.

© 2020 Forbes Media LLC. Gurley reportedly had a close relationship with CEO Travis Kalanick. "[34], Gurley is known for his above average height; he is 6’9”. “They don’t all make it.”, Oil Holds Gains on Signs OPEC+ Will Delay Easing Output Cuts, Delivery Giant Meituan Said to Weigh Second Listing in China, Philippines Allows Land-Based Casinos to Accept Bets Online.

The now-legendary investment banker Frank Quattrone was an early mentor of Gurley’s, convincing him to move to Silicon Valley to cover internet companies for his firm in exchange for helping Gurley navigate the region’s burgeoning venture scene.“From the first time we met, Bill confessed that his long-term interest was in becoming a VC investor,” Quattrone wrote in an email. Attorney General Eric Holder who Uber hired in 2017 to investigate claims of sexism and harassment. Ravikant declined to comment.Raj Abhyanker, an engineer and lawyer, sued Benchmark in 2011, claiming it stole his idea for a neighborhood social network—much like the Benchmark-backed NextDoor. The firm has an atypical approach to splitting profits, divvying them up evenly among partners (most venture firms vary titles and compensation levels). [6], Prior to his investment career, Gurley was a design engineer at Compaq Computer, where he worked on products such as the 486/50 and Compaq's first multi-processor server. Benchmark's long-serving general partner is currently an investor in Good Eggs, HackerOne, Instawork, Nextdoor, Solv and Stitch Health.

But given today’s ever connected world, we now have a window into the thinking and reasoning behind venture investments through the websites, blogs, and tweets of those [...]. But it came at a cost. The suit alleged investors deprived founders and employees of tens of millions. As you likely know, I am a big believer that the IPO can play [...]. In the beginning of the 2020 lockdown, venture capitalist Bill Gurley tweeted, “I am living through my third “reset” in Silicon Valley. That lead Gurley to work on Wall Street for a few years as a tech analyst during the early 1990s, building a reputation for blending his technological know-how with financial modeling. After graduating from the University of Florida, he worked as an engineer at Compaq Computer and tried (unsuccessfully) to get a job with then-hot venture firm Austin Ventures.

And after hearing Holder’s report, Gurley supported Kalanick taking a leave of absence. (Photo credit: David Paul Morris/Bloomberg) Benchmark general partner Bill Gurley continues to sound the alarm on so-called unicorns, the fast-growing group of privately-held technology companies valued at one billion or more. [5] While at the University of Florida, he was a member of the men’s basketball team. In May 2019, Bill Gurley watched as Uber, the ride-hailing app in which he led a Series A in 2011, went public. [7] With both a financial and engineering background he “has a way of sizing things up that makes him both intriguing and highly quotable. In a 2015 interview Gurley said of private tech investing, "It’s my belief that Silicon Valley and the venture-backed businesses have moved into a world that is both speculative and unsustainable. Before it's here, it's on the Bloomberg Terminal. Gurley, whose friends described him as having a close relationship with Kalanick, joined Uber’s board in 2011 as part of the investment and was a loud champion for the company. He had also spent four years on Wall Street as a research analyst, including three years at CS First Boston.

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