How to Hustle Like VC Legend Bill Gurley | The Circuit with Emily Chang

On this week’s episode of The Circuit, Emily Chang travels to Austin, Texas, to sit down with Benchmark General Partner Bill Gurley and discuss his journey from computer engineer to Wall Street and Silicon Valley. Gurley reflects on the level of hustle needed to make it as a venture capitalist investing in tech startups. Over some classic Texas barbecue, Chang and Gurley discuss whether the Bay Area will continue to be the center of gravity for entrepreneurs and the tech industry.
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[@jasonf3963]

@19:09 He's so right - being in an environment where everyone is competitive and ambitious and wanting to make an impact is so important. Most of us think we have the self-starting energy and motivation to get it done if we think it's important. Often, bouncing ideas off to other brilliant and smart people will have huge influence. I never work out as well at home as I do at the gym.

[@maaanuervin]

I like your point about the gym. I never realized how true this is for me too.

[@serzya304]

16:42 favorite quote “ markets have a way of separating very seeking individuals from their capital”

[@sigvardskrongorns8547]

An amazing interview. Lots of insights for founders & upcoming VCs alike. Gurley is really the OG of venture capital.

[@Clyde]

Bill Gurley ''To be great at it requires a level of hustle that's really hard to explain''

[@errg9075]

One of the most enjoyable interviews I have ever watched. Bill Gurley just exudes dark humor

[@habibi750]

I love these episodes. I hope they release a new one every week

[@aanchaallllllll]

0:33: 🎸 Bill Gurley, a renowned venture capitalist, has relocated to Austin, Texas, and discusses his perspective on the tech industry and his love for music. 4:46: 😬 Silicon Valley Bank's recent crisis and potential impact on startups and venture capitalists. 8:53: 💡 The best way to protect against the downside is to enjoy every last bit of the upside. Venture capital returns are most valuable during market bubbles. Uncertainty and tighter funding may impact innovation. Startups should not expect a return to the previous fantasy era. Success in venture capital requires hustle and maximizing optionality. Jeff Bezos understood how to talk to shareholders in a unique way. 12:27: 📺 Bill Gurley reflects on his investment in Uber and the challenges faced by the company. 16:21: 🔑 The interview discusses the challenges and risks of venture capital investments, the allure of Silicon Valley, and the impact of location on startup success. 21:08: 🗣 Discussion on the challenges and trends in the venture industry, including cultural tensions and the future of top tech companies. Recap by Tammy AI

[@JamesonSharp]

I like the way he shared Bezos speaks to Shareholders with Endearment. That was valuable.

[@parkerqi5543]

I wish Emily's interviews could have a deeper conversation. This feels like is only scratching the surface.

[@loveb-v6c]

I love this format, Emily.

[@nivita9830]

100% >> If you are going to start a company today, Silicon Valley will "increase your odds of success." Especially if you're an AI startup - SF gives you so many opportunities for collaborative 'collisions' w/all the ecosystem players (investors, Founders, talent, media, etc.) - it's a privilege to have that kind of access.

[@kmrumedy]

This was really great. Hope you keep up this format!

[@xxrngxx5]

Gurley is a legened. Humble too.

[@Clyde]

Bill Gurley - it all matters!

[@Eric_McBrearty]

Laughing out loud. 😂 " no matter what I am saying, or what psychosis is dripping out of my mouth, I am still in the game" and "alot of crypto at large is excessive arbitrage taking money from people who want to separate themselves from it". Very funny stuff.

[@sarangbobade408]

Kudos to editor this video! Way it has shot and edited is very conversational in itself.

[@tylerwellman1460]

Always enjoy listening to Bull Gurley whenever he speaks. Go gators.

[@HomemadeMusician]

Excellent... This was an amazingly sober wake up call for the student who is ready for the master to appear. Thanks Emily for your work! founder james

[@nathanmartinez2630]

She asks great questions! Awesome clip!

[@albertooo880]

This was such a great video!! Thank you for the insights from the GOAT! Now I’m gonna go eat some BBQ too! 😅

[@probsomething]

Excellent interview, thanks guys

[@pierrydelcy6889]

Great interview!! Thanks all 🫡

[@KPZivot]

Emily changs laugh last 5 secs was fun lol love from India chang

[@scottgoodman8459]

Really enjoyed this

[@kristinrutherford8779]

I’m in love with those boots

[@jamesshields9079]

bill is the man

[@sharonlima8913]

🌟 Bill Gurley, legendary VC, discusses his move to Austin, cyclicality in venture capital, and the recent Silicon Valley Bank crisis. Highlights 🏞 Bill Gurley moved to Austin, Texas, to be closer to family and experienced a different lifestyle compared to Silicon Valley. 🚀 He reflects on the cyclicality of the venture capital industry, emphasizing the risk-taking behavior during booms and its consequences. 💰 Gurley discusses the Silicon Valley Bank crisis and its potential impact on the startup ecosystem. 🦄 He touches on his investment in Uber, highlighting the drama and controversies surrounding the ride-sharing giant. 🌟 Gurley shares advice for startups, emphasizing the importance of recognizing the current reality and continuous hustle. 💡 He discusses the role of founders in becoming great CEOs and the significance of timing and product excellence. 🤝 Gurley reflects on his involvement in pushing for leadership changes at Uber to help navigate challenges and foster growth.

[@danwickramasinghe4744]

Loved it 🎉

[@bernhard_]

Emily is really good at this

[@only1_babybashfanpage]

In all the investment company I have joined the Validtrades is realest

[@EduardoFCSantos]

Great takeaway for founders and business owners: separate mentally from the management role and shareholder role. That's different a mindset where shareholder mentality will push the executive management to better results, higher efficiency and that will lead to more profitability. While shareholder mind tells you where you want to be, management mind tells you the path!

[@BristolBerg]

VC’s must do list : 1. Get on the Joe Rogan Podcast 2. Move to Austin

[@7_of_9]

Bill is an amazing investor and he has invested heavily in Doge coin, the open source nonprofit people's currency.

[@Styyy]

Well Why not Part 2 😢

[@GordAnderson-q5k]

I like this guys job.. gets to have lunch with Emily Chang.

[@ryandorn7831]

Rock Star

[@youturunnyng]

Godoy islas Rubén chips marketing digital e empresarial y inobacion 😮😢

[@Continentalmunkey88]

Zapier holding trust ideally should cover reporters above 100 interactions annualised

[@Clyde]

Bill Gurley - A lot of Crypto writ large may have been excessive arbitrage taking money from people that wanted to separate themselves from it!😅

[@vasy4321]

Emily is amazing

[@walkerlamer]

This mufuga spittin' fire!

[@ImadCodntw]

IT GREET

[@Continentalmunkey88]

VC excluded from network effects irrespective of legal liability etc, ergo bitcoin swiss re

[@BigDataLogin]

cool

[@walterhindman3715]

Not the live music capital of the world even slightly. Nashville has 10x more venues, production and musicians.

[@pjyenn]

Just finished watching the battle for uber after this interview

[@alpfrr]

"Money printers go Brrr"

[@MayorSom]

bu...buuh....but who was "hustle"? loool.... If my pension fund invested in any of these veecees i'd be very worried.

[@Stardusty43]

She pretends to not know how it goes too

[@kauaferrazinilopes3139]

😊

[@rogerlin6197]

Great interview. This is coming from someone who has 0 experience in VC.

[@nattaphonj956]

yoo this guy is so tall

[@Av-fn5wx]

To the Cab Driver who said I lost "$97,000" because of you. Why did you risk so much in stock markets?? Wanted to get rich quick?

[@Amanda-cd6dm]

Eric Gurley....

[@Av-fn5wx]

Emily: Silicon Valley Bank collapsed in 24 hrs, How did we get here? Me: Well, anything is possible with Human Greed. When people only focus on the hustle to make money, they go to any extent!!

[@kristinchong629]

Gosh russia and the dank. Like guys are people paying internet money to see these dudes in real physical space.

[@wadioaja1845]

Bodo amat Untuk apa dan ngapain gue mau peduli dengan urusan dan masalah kalian ? Kan nyatanya selama ini nggak ada hasil dan manfaatnya buat gue ? GOODBYE ALL MY INVEST Sorry I don't like invest again Please all company crash , collapse and bankrupt Please global crissis, inflation and recession continue again and again Welcome global financial frozen Really I like this CONGRATS

[@timbaktuthankgod2737]

Hosts should be less expressive and put less interjections! These people nowadays, especially blacks, talk with so much drama that they it is offensive and disturbing...WHY THE CAMERAMAN IS SHOWING THE HOST 'S PASSIVE expressions?!

[@sumitkar8146]

It’s the “especially blacks” comment for me 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

[@lorenzo4819]

Emily not thanking the servers 🫤