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The Tim Ferriss Show

#651: Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More

The Tim Ferriss Show

Tim Ferriss: Bestselling Author, Human Guinea Pig

Lifestyle Design, Business, The 4-hour Workweek, Productivity, Timothy Ferriss Show, Startups, Tim Ferris, Entrepreneurship, Longform Interviews, Tools Of Titans, Timothy Ferriss, The Tim Ferriss Show, Tim Ferriss

4.617.4K Ratings

🗓️ 25 January 2023

⏱️ 137 minutes

🧾️ Download transcript

Summary

Brought to you by Protekt's REST sleep supplement, Athletic Greens's AG1 all-in-one nutritional supplement, and Shopify global commerce platform providing tools to start, grow, market, and manage a retail business. 

Bill Gurley (@bgurley) has spent more than 20 years as a general partner at Benchmark. Before entering the venture capital business, Bill spent four years on Wall Street as a top-ranked research analyst, including three years at Credit Suisse First Boston.

Bill also maintains a blog on the evolution and economics of high technology businesses called Above the Crowd.

Over his venture career, he has worked with such companies as GrubHub, Nextdoor, OpenTable, Stitch Fix, Uber, and Zillow

Bill has a BS in computer science from the University of Florida and an MBA from the University of Texas. He is also a chartered financial analyst. 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.

Please enjoy!

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This episode is brought to you by ShopifyShopify is one of my favorite platforms and one of my favorite companies. Shopify is designed for anyone to sell anywhere, giving entrepreneurs the resources once reserved for big business. In no time flat, you can have a great-looking online store that brings your ideas to life, and you can have the tools to manage your day-to-day and drive sales. No coding or design experience required.

Go to shopify.com/tim to sign up for a one dollar per month trial period. It’s a great deal for a great service, so I encourage you to check it out. Take your business to the next level today by visiting shopify.com/tim.

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This episode is also brought to you by Protekt’s REST supplement! Protekt's REST is a new take on getting deeper, more restorative sleep. Protekt's REST supplement helps provide consistent, restful sleep without any habit-forming ingredients or groggy side effects. Simply add it to your last glass of water before bed, and it goes to work.

REST has no added sugars, artificial sweeteners, or artificial ingredients. Protekt is veteran-owned, and they make all of their products right here in the USA. Protekt is offering you 30% off both flavors of their REST formula! Visit Protekt.com/Tim to claim this special offer today and use code TIM at checkout.

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This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1 by Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. 

Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula (and five free travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.

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Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Protect's rest supplement, a new take on getting deeper and more restorative sleep.

0:05.7

I was introduced to this by former Navy SEAL Nick Norris who has been on this podcast and as a mutual friend of ours put it to me

0:12.5

It's very annoying that Nick has no physical weaknesses. This is somebody who can climb

0:19.3

Like a spider. He has incredible abilities as a rock climber

0:23.6

He is incredibly strong and can also run ultra marathon. It's quite something to behold

0:28.5

And this is one of the tools that he uses. So Protect's rest supplement helps provide consistent restful sleep without any habit forming

0:35.5

Greetings or groggy side effects simply add it to your last glass of water before bed and it goes to work

0:40.9

So I tried this after I mentioned to Nick that I was avoiding melatonin due to next day sluggishness and it's possible effects on

0:48.5

To stickular function. So I was trying to weed myself off of things like that

0:52.0

This rest cocktail has worked wonders and I've made it part of my sleep toolkit

0:58.1

It's literally on a counter about 20 feet from where I'm recording this right now

1:02.9

Pro tip number one if you have trouble opening the packets just use scissors. No make it hard

1:07.3

Pro tip number two mix the packets with water do not skip that step and shug it alone

1:13.1

I've learned from experience rest has no added sugars artificial sweeteners or artificial ingredients

1:18.8

Protect is veteran owned and they make all of their products right here in the USA and right now protect is offering you

1:25.2

30% off both flavors of their rest formula visit protect.com slash Tim that spelled

1:31.2

p-r-o-t-e-k-t

1:33.3

calm slash Tim to claim the special offer today one more time protect.com slash Tim

1:38.8

PRO TK T for 30% off use code Tim at checkout and

1:44.3

And just to remind you protect.com that's protect with a K.com slash Tim and code Tim

1:56.3

This episode is brought to you by Shopify Shopify is one of my favorite companies out there one of my favorite platforms ever and

2:03.7

Let's get into it Shopify is a platform as I mentioned designed for anyone to sell anything anywhere

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