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Afford Anything | Make Smart Money Choices

Bill Gurley: The Biggest Career Regret Most People Have

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Business, Investing, Entrepreneurship

4.73.6K Ratings

🗓️ 13 March 2026

⏱️ 81 minutes

🧾️ Download transcript

Summary

#697: Most people regret the things they never tried. Venture capitalist Bill Gurley says that pattern shows up again and again in research on end-of-life regrets — including regret about the careers people never pursued.  In this episode, Gurley joins us to talk about how people actually discover work they enjoy - and why the cliché to “follow your passion” sends people in the wrong direction. We start with a question many listeners wrestle with: what if you reach your forties or fifties and still do not know what you want to do?  Gurley explains that career changes later in life remain possible. Financial flexibility helps. People who spend every dollar they earn limit their ability to shift paths. People who control their spending keep more options open. Gurley argues that “passion” often appears only after someone spends time exploring a field. A better starting point involves fascination - the subjects that pull your attention when nobody assigns the work.  Gurley suggests paying attention to what you study in your free time. If you find yourself reading about a topic instead of watching Netflix, that curiosity may signal a possible career direction. We also discuss how most successful careers involve several stops along the way.  Gurley studied hundreds of success stories and found that many people move through two or three roles before landing their long-term path. That pattern shows up across industries. Gurley began as a computer engineer working at Compaq. Even though he enjoyed the work, his curiosity shifted toward investing and business.  He eventually left engineering, went to business school and started knocking on doors in New York until he landed a job as a Wall Street analyst. That path later led him to Silicon Valley and a 25-year career in venture capital. Throughout the conversation, we talk about continuous learning, side projects that expand career options and how curiosity often shapes a career more than long-term planning. Resources Mentioned: Runnin' Down a Dream by Bill Gurley - https://amzn.to/4loywlQ The Power of Regret by Daniel Pink - https://amzn.to/4sNwZbQ Designing Your Life by Dave Evans & Bill Burnett - https://amzn.to/47yfeov One Up on Wall Street by Peter Lynch - https://amzn.to/4ruPsIX Atomic Habits by James Clear - https://amzn.to/4bj3cjR Interview with James Clear - Afford Anything Episode #638 Interview with David Epstein - Afford Anything Episode #206 Share this episode with a friend, colleagues, and your postal person: https://affordanything.com/episode697 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Are you feeling stuck in your career? A lot of people are not very excited about what they're going to do five days a week. You know, you wake up at 6 a.m. or 7 a.m. and you're going to spend the bulk of your waking hours doing this thing that isn't really that exciting. That kind of sucks. Venture capitalist Bill Gurley joins us to talk about what to do if you feel stuck in your career and you're

0:22.9

not sure what direction you should take. Welcome to the Afford Anything podcast, the show that

0:28.2

knows you can afford anything, not everything. The show covers five pillars, financial psychology,

0:34.6

increasing your income, investing, real estate, and entrepreneurship.

0:38.3

It's double-eye fire.

0:39.3

I'm your host, Paula Pant, and today's episode covers two out of those five.

0:43.3

We talk about increasing your income, which is the natural, organic consequence of doing

0:50.3

something that's more aligned with you, with the real you, the inner you. And then we also talk, I mean, we don't explicitly talk about the letter E, but for many of you, entrepreneurship might come up as the thing that's the right fit. For some of you, it's not. How do you know if a career is the right fit or not? That's what we're going to discuss today. Our guest, Bill Gurley, is a prominent and well-respected venture capitalist. As a

1:13.1

general partner at Benchmark Capital, he made early investments in companies like Uber, Zillow,

1:20.7

Stitch Fix, Grub, Open Table, Next Door, and many, many more. He was-C of the year by TechCrunch in 2016. He was on Uber's

1:32.2

board of directors until 2017. And there was even an actor who played him on a TV show on

1:38.7

showtime called Super Pumped. An actor named Kyle Chandler played a fictionalized version of our guest today, Bill Gurley.

1:47.1

He is also consistently listed on the Forbes Midas list. He shares his story about how he got to the

1:55.4

career that he's been in. He started off as a design engineer working at Compaq. Later, he worked on Wall Street as a research analyst.

2:03.3

So he shares the story of finding work that was a great fit for him and shares advice on how the rest of us can do the same.

2:12.4

Here he is, Bill Gurley.

2:17.7

Hi, Bill. Hey, how are you? Thanks for having me on. Hi, Bill.

2:18.7

Hey, how are you?

2:19.5

Thanks for having me on.

2:20.4

Oh, thank you for joining us.

2:21.9

Yes.

2:22.7

You write a lot about how to discover a career that you love.

...

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