And it’s really just about trying to understand the dynamics of industry. Yet, I would say 80 percent or 90 percent of the entrepreneurs I meet would benefit greatly by reading the first three chapters of this book. There’s a belief in Silicon Valley that an MBA’s worthless and that people shit on it all the time. It’s like extremely well known business book. Could you please explain what this book is and if you still hold that opinion, why you hold that opinion?īill Gurley: If you do go to get an MBA like in the first semester or whatever, they usually make you take a corporate strategy course and it’s the first book assigned. And the first I wanted to get your take on and expansion on is Michael Porter’s book Competitive Strategy: Techniques for Analyzing Industries and Competitors, which you have described I believe as the most efficient short-form MBA that one can find. Tim Ferriss: All right, so I wanted to start with a number of things that I’ve seen pop up repeatedly in various forms in doing prep for this conversation. Bill is a board trustee at the Santa Fe Institute, a research and education center focused on the study and understanding of complex adaptive systems. Bill has BS in computer science from the University of Florida and an MBA from the University of Texas. Over his venture career, he has worked with such companies as GrubHub, Next door, OpenTable, Stitch Fix, Uber and Zillow among many others. Bill also maintains a blog on the evolution and economics of high-technology businesses called Above the Crowd, which you can find at.
Before entering the venture capital business, Bill spent four years on Wall Street as a top ranked research analyst, including three years at Credit - got a little Elmer Fudd, hold on, including three years at Credit Suisse First Boston.
Bill has spent more than 20 years as a general partner at Benchmark. You can find him on Twitter That’s G-U-R-L-E-Y. My guest today, I’m so happy to have him, is Bill Gurley. Welcome to another episode of The Tim Ferriss Show, where it is my job to deconstruct world class performers across many, many disciplines. Tim Ferriss: Hello, boys and girls, ladies and germs.
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