Bill Gurley

And...

you end up with these situations where each competitor is armed with 400, 500, $600 million, maybe more.

And it's not, you know, I say it's not your father's venture capital.

This is a sport of King's world we've evolved into.

And it's fight to the death.

live through it with the Uber Lyft situation, but it, I wouldn't wish it on anybody, but it's the reality right now.

And if you sit back and say, well, I'm not going to be, I'm not going to raise as much money.

I'm going to be, you know, disciplined.

Well, if, if, if you're the discipline one and there's six players with $500 million each hiring salespeople, you're, you're not going to matter.

So the game on the field is kind of forced people to do this thing I don't love.

I'll say seven.

But part of it's me reacting to the fact that so many people in the entrepreneurial world make fun of it.

There's a lot of people that shit on MBAs in the founder world.

And the problem is...

Some of them, I think, take that to the level of dismissing the notion of business learning, which I think is really dangerous.

You know, if you don't know how to do a forecast on Excel spreadsheet, that could be a real problem.

And so, I just worry that the vilification of it is not good for the founders themselves because...

there are resources they need to understand.

It doesn't mean they have to go get an MBA, but they should read Michael Porter's Competitive Strategy.

They should read Innovator's Dilemma.