Bill Gurley, a venture capitalist and well-known blogger from Dickinson, Texas, was born in 1957. In addition to being one of the first investors in Uber and other global companies, he has a net worth of $8 billion. Benchmark, a venture capital firm based in Menlo Park, California, employs the self-made billionaire as a general partner. The Forbes Midas List recognized him for his contributions to disruptive technology. Without further ado, let’s take a look at how Joh Gurley made $8 billion.
Life in the Earlier Years
Bill Gurley was born in Dickinson, Texas, on May 10, 1966. In 1989, he graduated with honors from the University of Florida with a degree in biological sciences. Bill Gurley was able to join the university’s men’s basketball team because of his 6-foot-9 height. Gurley attended the University of Texas McCombs School of Business after completing his undergraduate studies at the University of Florida. He earned his Master of Business Administration degree there in 1993.
The combination of Bill Gurley’s education and passion for finance and engineering paid off when he was hired by Advanced Micro Devices as a technical marketing manager. In the future, he worked as a design engineer for Compaq Computer. Worked on the company’s first multi-processor server and products like the 486/50 in his role as a programmer.
Bill Gurley was an early investor in Uber, a ride-share company that transformed from an ordinary transportation company into a global courier delivering rent-out cycles, food and freight, and scooters. He pumped $12 million into Uber in 2011 through his company, Benchmark. He held $8 billion in the company’s stock value at the time this evaluation was written. Bill Gurley also entered Uber’s board of Directors in 2017, a day after the firm announced the then CEO, Travis Kalanick’s resignation. The departure was a major outcry from employees, sparking discussion about the company’s corporate culture. Though they had a personal relationship, Gurley’s function as then Uber’s advisor prompted Kalanick’s resignation.
One of Silicon Valley’s most important venture capital companies is Benchmark, where Gurley serves as a general partner. His tenure with the organization spans 15 years as an executive officer. According to Inc.Africa, he has helped Uber, a ride-sharing service, acquire a net value of $50 billion as a venture capitalist. After investing $21 million, he has helped the company’s net worth rise to $16 million as a general partner.
WeWork, an office-sharing startup, has a net value of $10 billion thanks to Benchmark’s $1 billion investment in the company. Bill Gurley , according to Forbes, has admitted that the $11 million he put in Uber in 2011 and other purchases while at Benchmark helped him raise his net worth to $8 billion. He chose to leave Benchmark because he wasn’t investing in the new funds that his venture capital business, Gurley Capital, was putting up.
Bill Gurley , Benchmark’s longest-serving partner, is well known for his $11 million investment in Uber in 2011. In addition to serving on the boards of Instawork, HackerOne, Solv, Nextdoor (IPO in 2021), and Stitch Fix, he’s been a tireless advocate for the startup community (IPO in 2017). Nextdoor’s intention to go public through a special purpose acquisition company is one of the most remarkable aspects of the neighborhood social network. Because typical IPO pricing was not attractive, this strategy was lauded by Gurley. Khosla Ventures, an affiliate, will be pursuing a SPAC sponsor on behalf of the firm. In addition, Gurley has made several start-up investments, several of which he has since bought.
eBays and its accompanying blog, “Above the Crowd,” were inspired by Gurley’s towering 6’9″ stature. In addition, his Benchmark team and height have been profiled in “The First Inside Account of a Venture Capitalist.” At home in Atherton, California, Gurley is a devoted husband and father to his three children.
Financial and engineering degrees and careers earned by Bill Gurley have contributed to his $8 billion fortune. The numerous businesses he’s worked for or founded with others, as well as the investments he’s made, show that he’s an expert in his field. In an interview, Gurley stated that he intends to scrutinize every firm with whom he has a business relationship. Read his blogs and interviews to learn more about how he has had a worldwide effect on business.