Invoice Gurley (X: @bgurley) is a common associate at Benchmark, a number one enterprise capital agency in Silicon Valley. Over his enterprise profession, he has invested in and served on the boards of such firms as Nextdoor, OpenTable, Sew Repair, Uber, and Zillow. He earned his Bachelor of Science diploma in pc science from the College of Florida after which his MBA from the College of Texas at Austin. For greater than 20 years, Invoice has written about know-how and different topics on his well-liked weblog Above the Crowd and on his social media accounts.
His new e book is Runnin’ Down a Dream: Learn how to Thrive in a Profession You Truly Love.
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Invoice Gurley — Investing in The AI Period, 10 Days in China, and Essential Life Classes from Bob Dylan, Jerry Seinfeld, MrBeast, and Extra
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SELECTED LINKS FROM THE EPISODE
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Invoice Gurley’s Previous Podcast Appearances
Books
Related Media
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Corporations, Organizations, & Locations
Applied sciences, Instruments, & Merchandise
Ideas & Phrases
TIMESTAMPS
- [00:00:00] Begin.
- [00:01:43] The e book that gave Jerry Seinfeld permission to pursue comedy and impressed Runnin’ Down a Dream.
- [00:03:59] AI bubble or not?
- [00:06:33] Round offers and SPV chaos.
- [00:12:01] Angel investing within the AI period.
- [00:14:32] Why you have to be probably the most AI-enabled model of your self, no matter subject.
- [00:20:47] China deep dive: Ten days, six cities, high-speed trains, and a Xiaomi SU7 manufacturing facility tour.
- [00:22:43] Communism misconceptions.
- [00:25:40] Lei Jun: The Steve Jobs of China.
- [00:29:17] Jack Ma, ByteDance’s invisible CEO, and the dangers of prominence in China.
- [00:32:11] America vs. China (Attorneys vs. engineers).
- [00:41:01] Keys for US competitiveness.
- [00:43:47] Invoice is bullish on these nations.
- [00:47:30] Matthew McConaughey’s “Don’t half ass it” second.
- [00:49:45] Runnin’ Down a Dream thesis: Serving to folks pursue X as an alternative of A, B, or C.
- [00:51:03] The 80,000-hour query.
- [00:52:47] The self-learning check.
- [00:56:58] Bob Dylan as music expeditionary.
- [01:00:27] Go to the epicenter the place the motion is.
- [01:10:56] Danny Meyer’s pivot.
- [01:13:30] Working totally free.
- [01:19:37] By no means too late: Tito Beveridge began Tito’s Vodka at 40.
- [01:21:51] AI sanity checks.
- [01:25:59] AI-proof bets.
- [01:29:13] Sam Hinkie’s Moneyball second.
- [01:32:37] Aggressive technique, avoiding false failures, and remorse minimalization.
- [01:43:46] Objective, Progress, and Prosperity — the P3 Coverage Institute.
- [01:47:18] Regulatory seize defined.
- [01:51:55] Why the IPO market is damaged.
- [02:01:52] Stablecoins placing Visa and Mastercard on discover.
- [02:03:40] Hopes for Runnin’ Down a Dream and parting ideas.
BILL GURLEY QUOTES FROM THE INTERVIEW
“I don’t care what subject you’re in, you have to be taking part in with these items. It has the potential to influence your function in your profession, and the easiest way to guard in opposition to any danger of your profession being obfuscated or eradicated from AI is to be probably the most AI-enabled model of your self you may presumably be.”
— Invoice Gurley
“Most individuals find yourself working 80,000 hours of their life. It’s a 3rd of your life. Why do one thing you don’t like? There’s Gallup ballot knowledge on profession engagement, and 59% of individuals say they’re not engaged at work.”
— Invoice Gurley
“And I’ve this check for whether or not or not you’re really actually keen about what you’re making an attempt to do, which is do you self-learn by yourself time? Would you not watch Breaking Dangerous and examine this subject and be energized by that exercise?”
— Invoice Gurley
“Folks suppose that loads of success tales, they attribute it to luck, however there’s that well-known saying: “Luck is when preparation meets alternative.” And whenever you’re within the epicenter, each your preparation and your alternative go up 10X. And so your skill to only have that fortunate second the place you get introduced into one thing is a lot greater.”
— Invoice Gurley
“I believe there’s solely two checks, and one is belief. There are folks on this world who view all the pieces as a zero-sum sport and they’re going to elbow you out the primary probability they will get. And so these shouldn’t be your friends. These folks it’s best to rapidly push to the aspect. Belief after which this shared curiosity in studying.”
— Invoice Gurley
“I believe that utilizing open supply as a defensive device as an alternative of an offensive device is likely one of the most subtle company methods an organization can presumably do. It’s very arduous to do as a result of it goes in opposition to your whole instincts.”
— Invoice Gurley
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Need to hear extra from the legendary investor (Uber, Zillow, OpenTable, and extra)? Take heed to my first dialog with Invoice Gurley, wherein we mentioned investing guidelines and discovering outliers, insights from Jeff Bezos and Howard Marks, must-read books for understanding enterprise, open-source methods as aggressive weapons, why the minute you set a really arduous rule you is perhaps setting your self up for a mistake, regulatory seize, and way more.