Many consumer Internet business executives are loyalists of the Lifetime Value model, often referred to as the LTV model or formula. Lifetime value is the net present value of the profit stream of a customer. Bill Gurley businessconsumercustomer share on social
Marketing executives like big budgets, as big budgets make it easier to grow the top line. Bill Gurley bigbudgeteasy Change image and share on social
Facebook has stitched together your social graph. The idea of an interest graph is to bring together everyone that has shared interests. If I can isolate the people who are into mountain biking in Marin, in one place, the ability to put ads against that is really high. Bill Gurley abilitybikebring share on social
I think one of the key differentiators I bring to the table as a venture capitalist is a solid understanding of the public markets and how they operate. Bill Gurley bringcapitalistdifferentiator Change image and share on social
Venture capital is unscalable. Production equals the time each partner has. Bill Gurley capitalequalpartner Change image and share on social
If one asserts that buying customers below what they charge them is a corporate strategy, this is in essence an arbitrage game, and arbitrage games rarely last. Bill Gurley arbitrageassertbuy Change image and share on social
The first time you went to eBay, you probably didn't do a transaction. Bill Gurley ebaytimetransaction Change image and share on social
It's not for everybody to tweet, it's for everybody to follow. The more people figure that out, they see it's RSS-plus. It's literally the place you check for information. Bill Gurley checkfigurefollow Change image and share on social
It's really hard to run a business against somebody who is not acting as if it were in business. Bill Gurley actbusinesshard Change image and share on social
I think one thing that may have happened with both Facebook and Zynga is that they may have waited too long to go public. They got particularly cute on that front. Bill Gurley cutefacebookfront Change image and share on social