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What Is Bill Gurley's "2,851 Miles" Talk About?
The Benchmark partner argued at the All-In Summit that industries often shape the rules that govern them.
Bill Gurley's "2,851 Miles" talk is about regulatory capture, the risk that rules are shaped by the industries they govern. He gave it at the All-In Summit in Los Angeles in September 2023.
Before joining Benchmark, Gurley worked as a research analyst covering the technology sector at firms like CS First Boston and Deutsche Bank. He is also recognized for his writings on technology and venture capital, including his influential blog "Above the Crowd."
Gurley's contributions to the technology and venture capital industries have made him a highly respected figure, and he continues to be an active investor and advisor in the startup ecosystem.
Watch the talk below:
What does 2,851 miles refer to?
It is the distance between Silicon Valley and Washington, D.C. Gurley credited that distance for much of the region's success.
Who is Bill Gurley?
He is a venture capitalist, a former Wall Street equity research analyst, and a general partner at Benchmark.
What did he say about AI?
He argued that AI incumbents were promoting negative views of open-source AI because it threatens them. He praised Meta's Llama 2 and called for faster disclosure of political money.
Quick answers
What is the talk about? Regulatory capture.
Where was it given? The All-In Summit in Los Angeles.
What does 2,851 miles measure? The distance from Silicon Valley to Washington, D.C.
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