{"id":3391,"date":"2023-07-19T20:45:01","date_gmt":"2023-07-20T00:45:01","guid":{"rendered":"https:\/\/parmaks.com\/Resources\/bill-gurley-interviews-tim-ferriss-reflecting-on-20-years-of-life-and-business-experiments-682\/"},"modified":"2023-07-19T20:45:01","modified_gmt":"2023-07-20T00:45:01","slug":"bill-gurley-interviews-tim-ferriss-reflecting-on-20-years-of-life-and-business-experiments-682","status":"publish","type":"post","link":"https:\/\/parmaks.com\/Resources\/bill-gurley-interviews-tim-ferriss-reflecting-on-20-years-of-life-and-business-experiments-682\/","title":{"rendered":"Bill Gurley Interviews Tim Ferriss \u2014 Reflecting on 20+ Years of Life and Business Experiments (#682)"},"content":{"rendered":"<p> <a href=\"https:\/\/hop.clickbank.net\/?affiliate=infohatch&amp;vendor=J1R2C\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10614 aligncenter\" src=\"http:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px.png\" alt=\"Profit Gen\" width=\"400\" height=\"217\" srcset=\"https:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px.png 400w, https:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px-300x163.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><br \/>\n<\/p>\n<div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"480\" alt=\"\" class=\"wp-image-68342 jetpack-lazy-image\" data-recalc-dims=\"1\" srcset=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=1024%2C819&amp;ssl=1 1024w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=300%2C240&amp;ssl=1 300w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=768%2C614&amp;ssl=1 768w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=1536%2C1229&amp;ssl=1 1536w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=2048%2C1638&amp;ssl=1 2048w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?w=1200&amp;ssl=1 1200w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?w=1800&amp;ssl=1 1800w\" data-lazy-sizes=\"(max-width: 767px) 90vw, 600px\" src=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley-.jpeg?resize=600%2C480&amp;is-pending-load=1#038;ssl=1\"\/><noscript><img loading=\"lazy\" data-lazy-fallback=\"1\" decoding=\"async\" width=\"600\" height=\"480\" src=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley-.jpeg?resize=600%2C480&amp;ssl=1\" alt=\"\" class=\"wp-image-68342\" srcset=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=1024%2C819&amp;ssl=1 1024w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=300%2C240&amp;ssl=1 300w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=768%2C614&amp;ssl=1 768w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=1536%2C1229&amp;ssl=1 1536w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?resize=2048%2C1638&amp;ssl=1 2048w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?w=1200&amp;ssl=1 1200w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/07\/Tim-Ferriss-and-Bill-Gurley--scaled.jpeg?w=1800&amp;ssl=1 1800w\" sizes=\"auto, (max-width: 767px) 90vw, 600px\" data-recalc-dims=\"1\"\/><\/noscript><figcaption class=\"wp-element-caption\">Illustration via <a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"http:\/\/99designs.com\/tim\">99designs<\/a><\/figcaption><\/figure>\n<p>Welcome to another episode of\u00a0<a href=\"http:\/\/tim.blog\/podcast\" rel=\"noreferrer noopener\" target=\"_blank\"><em>The Tim Ferriss Show<\/em><\/a>, where it is usually my job to deconstruct world-class performers to tease out the routines, habits, et cetera that you can apply to your own lives.\u00a0<\/p>\n<p>This is a special episode and a turning of the tables.\u00a0<strong>This time, legendary investor Bill Gurley interviews me, and the recording is from earlier this year at SXSW in Austin, TX.\u00a0<\/strong>The conversation explores some of my lessons learned and favorite findings over the last two decades in areas like entrepreneurship, tech, and podcasting. I throw in some favorite books and other spice to keep things interesting.<\/p>\n<p>Bill Gurley (<a href=\"https:\/\/twitter.com\/bgurley\" rel=\"nofollow external noopener noreferrer\" target=\"_blank\">@bgurley<\/a>) has spent more than 20 years as a general partner at Benchmark. Before entering the venture-capital business, Bill spent four years on Wall Street as a top-ranked research analyst, including three years at Credit Suisse First Boston. Over his venture career, he has worked with such companies as\u00a0<a href=\"http:\/\/www.grubhub.com\/\" rel=\"nofollow external noopener noreferrer\" target=\"_blank\">GrubHub<\/a>,\u00a0<a href=\"https:\/\/nextdoor.com\/\" rel=\"nofollow external noopener noreferrer\" target=\"_blank\">Nextdoor<\/a>,\u00a0<a href=\"http:\/\/www.opentable.com\/san-francisco-restaurants\" rel=\"nofollow external noopener noreferrer\" target=\"_blank\">OpenTable<\/a>,\u00a0<a href=\"http:\/\/www.stitchfix.com\/\" rel=\"nofollow external noopener noreferrer\" target=\"_blank\">Stitch Fix<\/a>,\u00a0<a href=\"https:\/\/www.uber.com\/\" rel=\"nofollow external noopener noreferrer\" target=\"_blank\">Uber<\/a>, and\u00a0<a href=\"http:\/\/www.zillow.com\/\" rel=\"nofollow external noopener noreferrer\" target=\"_blank\">Zillow<\/a>.<\/p>\n<p>For more takeaways from his incredible investing career, you can find my interview with Bill at\u00a0<a href=\"https:\/\/tim.blog\/billgurley\" rel=\"noreferrer noopener\" target=\"_blank\">tim.blog\/billgurley<\/a>.\u00a0<\/p>\n<p>As a side note, my 2007 SXSW speech that I mention in the interview was what started it all, in many senses. It\u2019s what put my first book,\u00a0<a href=\"https:\/\/www.amazon.com\/4-Hour-Workweek-Escape-Live-Anywhere\/dp\/0307465357\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><em>The 4-Hour Workweek<\/em><\/a><em>,<\/em>\u00a0on the radar of influential bloggers and bigger media outlets, ultimately landing it on <em>The New York Times <\/em>Best Sellers list, where it stayed, more or less, for the next seven years. It\u2019s been a wild ride.\u00a0<\/p>\n<p>You can hear that 2007 presentation at\u00a0<a href=\"http:\/\/tim.blog\/sxsw\" rel=\"noreferrer noopener\" target=\"_blank\">tim.blog\/sxsw<\/a>.<\/p>\n<p>One last thing:\u00a0<a href=\"https:\/\/twitter.com\/hugh_w_forrest\" rel=\"nofollow external noopener noreferrer\" target=\"_blank\">Hugh Forrest<\/a>, if you\u2019re listening, thank you again for giving me a shot way back in the day!\u00a0<\/p>\n<p>Please enjoy!<\/p>\n<p><strong><em><strong><em>Listen to the episode on <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/682-bill-gurley-interviews-tim-ferriss-reflecting-on\/id863897795?i=1000621665352\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Apple Podcasts<\/a>, <a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"https:\/\/open.spotify.com\/episode\/1LEGXVZFCzMpSs0wPxGbcP?si=nuq8-NAcSQC5TLd3Zx7BgA\">Spotify<\/a>, <a href=\"https:\/\/overcast.fm\/+KebtCKIZE\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Overcast<\/a>, <a href=\"https:\/\/podcastaddict.com\/podcast\/2031148#\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Podcast Addict<\/a>, <a href=\"https:\/\/pca.st\/timferriss\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Pocket Casts<\/a>, <a href=\"https:\/\/castbox.fm\/channel\/id1059468?country=us\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Castbox<\/a>, <a href=\"https:\/\/podcasts.google.com\/?feed=aHR0cHM6Ly9yc3MuYXJ0MTkuY29tL3RpbS1mZXJyaXNzLXNob3c&amp;ved=0CAAQ4aUDahcKEwjI_ezXzuDnAhUAAAAAHQAAAAAQAQ\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Google Podcasts<\/a>, <strong><em><strong><em><a href=\"https:\/\/music.amazon.com\/podcasts\/9814f3cc-1dc5-4003-b816-44a8eb6bf666\/the-tim-ferriss-show\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Amazon Music<\/a>,\u00a0<\/em><\/strong><\/em><\/strong>or on your favorite podcast platform<\/em><\/strong><\/em><\/strong><em><strong>.<\/strong><\/em> <\/p>\n<p><strong><em><strong><em><strong><strong><em><strong><em>Brought to you by\u00a0<\/em><\/strong><a href=\"https:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong><em>Eight Sleep\u2019s Pod Cover<\/em><\/strong><\/a><strong><em>\u00a0sleeping solution for dynamic cooling and heating,\u00a0<\/em><\/strong><a href=\"https:\/\/secureframe.com\/?utm_source=partner&amp;utm_medium=podcast&amp;utm_campaign=TimFerriss\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong><em>Secureframe<\/em><\/strong><\/a><strong><em>\u00a0automated security and privacy compliance platform, and\u00a0<\/em><\/strong><a href=\"https:\/\/drinkag1.com\/tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong><em>AG1<\/em><\/strong><\/a><strong><em>\u00a0all-in-one nutritional supplement.\u00a0<\/em><\/strong><\/em><\/strong><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n<div class=\"wp-block-tim-podcast-link-main podcast-block wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a class=\"podcast-block__link\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/682-bill-gurley-interviews-tim-ferriss-reflecting-on\/id863897795?i=1000621665352\"><img decoding=\"async\" class=\"podcast-block__link-icon jetpack-lazy-image\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/apple-podcast.png?w=600&amp;is-pending-load=1#038;ssl=1\" srcset=\"https:\/\/tim.blog\/data:image\/gif;base64,https:\/\/tim.blog\/R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"\/><noscript><img data-lazy-fallback=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/apple-podcast.png?w=600&amp;ssl=1\" class=\"podcast-block__link-icon\" data-recalc-dims=\"1\"\/><\/noscript><span class=\"podcast-block__link-text-top\">Listen on<\/span><span class=\"podcast-block__link-text\">Apple Podcasts<\/span><\/a><\/div>\n<div class=\"wp-block-tim-podcast-link-main podcast-block wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a class=\"podcast-block__link\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" href=\"https:\/\/open.spotify.com\/episode\/1LEGXVZFCzMpSs0wPxGbcP?si=nuq8-NAcSQC5TLd3Zx7BgA\"><img loading=\"lazy\" width=\"167\" height=\"167\" decoding=\"async\" class=\"podcast-block__link-icon jetpack-lazy-image\" src=\"https:\/\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/spotify.svg?is-pending-load=1\" srcset=\"https:\/\/tim.blog\/data:image\/gif;base64,https:\/\/tim.blog\/R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"\/><noscript><img data-lazy-fallback=\"1\" decoding=\"async\" src=\"https:\/\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/spotify.svg\" class=\"podcast-block__link-icon\"\/><\/noscript><span class=\"podcast-block__link-text-top\">Listen on<\/span><span class=\"podcast-block__link-text\">Spotify<\/span><\/a><\/div>\n<div class=\"wp-block-tim-podcast-link-main podcast-block wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a class=\"podcast-block__link\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" href=\"https:\/\/overcast.fm\/+KebtCKIZE\"><img loading=\"lazy\" width=\"1000\" height=\"1000\" decoding=\"async\" class=\"podcast-block__link-icon jetpack-lazy-image\" src=\"https:\/\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/overcast.svg?is-pending-load=1\" srcset=\"https:\/\/tim.blog\/data:image\/gif;base64,https:\/\/tim.blog\/R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\"\/><noscript><img data-lazy-fallback=\"1\" decoding=\"async\" src=\"https:\/\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/overcast.svg\" class=\"podcast-block__link-icon\"\/><\/noscript><span class=\"podcast-block__link-text-top\">Listen on<\/span><span class=\"podcast-block__link-text\">Overcast<\/span><\/a><\/div>\n<div class=\"podcast-player\">\n<div class=\"podcast-player-inner-wrap\">\n<p>#682: Bill Gurley Interviews Tim Ferriss \u2014 Reflecting on 20+ Years of Life and Business Experiments<\/p>\n<p><noscript><iframe src=\"https:\/\/www.art19.com\/shows\/58dacbdc-646e-4585-9914-19c3de11d1ba\/episodes\/ce739454-3549-4e74-ae9f-23ac46795a52\/embed?type=micro\" style=\"width: 100%; height: 30px; border: 0 none;\" scrolling=\"no\"><\/iframe><\/noscript><\/div>\n<\/div>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group__inner-container\">\n<p><strong>This episode is brought to you by\u00a0<\/strong><a href=\"https:\/\/secureframe.com\/?utm_source=partner&amp;utm_medium=podcast&amp;utm_campaign=TimFerriss\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong>Secureframe<\/strong><\/a><strong>!<\/strong>\u00a0Secureframe\u2019s industry-leading compliance automation platform, paired with their in-house compliance experts and former auditors, helps you\u00a0<strong>get audit-ready in weeks<\/strong>, not months, so you can close more deals faster.\u00a0<\/p>\n<p><a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"https:\/\/secureframe.com\/?utm_source=partner&amp;utm_medium=podcast&amp;utm_campaign=TimFerriss\">Secureframe<\/a> simplifies and streamlines the process of getting and staying compliant to the most rigorous global privacy and security standards. They help thousands of businesses\u00a0<strong>achieve compliance with security and privacy frameworks including SOC 2, ISO 27001, HIPAA, PCI, and GDPR<\/strong>.\u00a0<strong>Schedule a demo today at\u00a0<\/strong><a href=\"https:\/\/secureframe.com\/?utm_source=partner&amp;utm_medium=podcast&amp;utm_campaign=TimFerriss\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong>Secureframe.com<\/strong><\/a><strong>, and tell them during the demo that Tim Ferriss sent you to unlock 10% off for your first year.<\/strong><\/p>\n<\/div>\n<\/div>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><strong>This episode is brought to you by <a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"https:\/\/drinkag1.com\/tim\">AG1<\/a>!<\/strong>\u00a0I get asked all the time, \u201cIf you could use only one supplement, what would it be?\u201d My answer is usually\u00a0<a href=\"https:\/\/drinkag1.com\/tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">AG1<\/a>, my all-in-one nutritional insurance. I recommended it in\u00a0<em>The 4-Hour Body<\/em>\u00a0in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but\u00a0<a href=\"https:\/\/drinkag1.com\/tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">AG1<\/a>\u00a0further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.\u00a0<\/p>\n<p><strong>Right now,\u00a0you\u2019ll get their Vitamin D Liquid Formula free with your first subscription purchase<\/strong>\u2014a vital nutrient for a strong immune system and strong bones.\u00a0<strong>Visit\u00a0<a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"https:\/\/drinkag1.com\/tim\">DrinkAG1.com\/Tim<\/a>\u00a0to claim this special offer today and receive the free Vitamin D Liquid Formula (and 5 free AG1 travel packs) with your first subscription purchase!\u00a0<\/strong>That\u2019s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><strong>This episode is brought to you by <\/strong><a href=\"http:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong>Eight Sleep<\/strong><\/a><strong>!<\/strong> <a href=\"http:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Eight Sleep\u2019s <strong>Pod Cover<\/strong><\/a> is the <strong>easiest and fastest way to sleep at the perfect temperature<\/strong>. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add <a href=\"http:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">the Pod Cover<\/a> to your current mattress and start sleeping as cool as 55\u00b0F or as hot as 110\u00b0F. It also splits your bed in half, so your partner can choose a totally different temperature.<\/p>\n<p><strong><strong>Go to <\/strong><a href=\"http:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong>EightSleep.com\/Tim<\/strong><\/a><strong> and save $250 on the Eight Sleep Pod Cover. Eight Sleep currently ships within the USA, Canada, the UK, select countries in the EU, and Australia.<\/strong><\/strong><\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><strong><a href=\"https:\/\/tim.blog\/2023\/01\/25\/bill-gurley\/\" target=\"_blank\" rel=\"noreferrer noopener\">Want to hear<\/a> the last time Bill Gurley was on this podcast and <em>I<\/em> was the one asking all the questions?<\/strong> <a href=\"https:\/\/tim.blog\/2023\/01\/25\/bill-gurley\/\" target=\"_blank\" rel=\"noreferrer noopener\">Listen to our conversation<\/a> in which we discussed the most efficient short-form MBA one can find, sell-side analysts vs. buy-side analysts, repurposing good ideas for alternative applications, undervalued competitive advantages, the Santa Fe Institute, how to cultivate anti-tribalism, problems open source can solve, <a href=\"https:\/\/tim.blog\/2023\/01\/25\/bill-gurley\/\" target=\"_blank\" rel=\"noreferrer noopener\">and much more<\/a>.<\/p>\n<div class=\"podcast-player\">\n<div class=\"podcast-player-inner-wrap\">\n<p>#651: Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More<\/p>\n<p><noscript><iframe src=\"https:\/\/www.art19.com\/shows\/58dacbdc-646e-4585-9914-19c3de11d1ba\/episodes\/b40d5b98-f215-42fc-8b67-446d540ff94c\/embed?type=micro\" style=\"width: 100%; height: 30px; border: 0 none;\" scrolling=\"no\"><\/iframe><\/noscript><\/div>\n<\/div>\n<p><strong>What was your favorite quote or lesson from this episode? Please let me know <a href=\"https:\/\/tim.blog\/2023\/07\/19\/bill-gurley-interviews-tim-ferriss\/#respond\">in the comments<\/a>.<\/strong><\/p>\n<p><strong>SCROLL BELOW FOR LINKS AND SHOW NOTES\u2026<\/strong><\/p>\n<p><span id=\"more-68340\"\/><\/p>\n<h3 class=\"wp-block-heading\" id=\"hhs\">SELECTED LINKS FROM THE EPISODE<\/h3>\n<ul>\n<li>Connect with <strong>Bill Gurley<\/strong>:<\/li>\n<\/ul>\n<p class=\"has-text-align-center\"><a href=\"https:\/\/twitter.com\/bgurley\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Twitter<\/a> | <a href=\"http:\/\/www.linkedin.com\/in\/billgurley\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">LinkedIn<\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/schedule.sxsw.com\/2023\/events\/PP1143497\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Featured Session: Turning the Tables on Tim Ferriss: A Conversation with Bill Gurley | SXSW 2023<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2023\/01\/25\/bill-gurley\/\" target=\"_blank\" rel=\"noreferrer noopener\">Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More | The Tim Ferriss Show #651<\/a><\/li>\n<li><a href=\"https:\/\/eas.princeton.edu\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Department of East Asian Studies | Princeton University<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/4-Hour-Workweek-Escape-Live-Anywhere\/dp\/0307465357\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.yelp.com\/biz\/hobees-stanford-palo-alto\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Hobee\u2019s Stanford | Yelp<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/gp\/product\/030746363X\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The 4-Hour Body: An Uncommon Guide to Rapid Fat Loss, Incredible Sex, and Becoming Superhuman by Timothy Ferriss | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.theglobeandmail.com\/report-on-business\/small-business\/sb-money\/timothy-ferriss-and-the-4-hour-exit\/article626659\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Timothy Ferriss and the \u20184-Hour\u2019 Exit | The Globe and Mail<\/a><\/li>\n<li><a href=\"https:\/\/www.nerdwallet.com\/article\/investing\/angel-investing\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Angel Investing: What It Is and How to Start | NerdWallet<\/a><\/li>\n<li><a href=\"https:\/\/signal.nfx.com\/investors\/tim-ferriss\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tim Ferriss\u2019 Angel Investing Profile | Signal<\/a><\/li>\n<li><a href=\"https:\/\/www.theverge.com\/2018\/5\/24\/17389230\/stumbleupon-shut-down-internet-discovery\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Goodbye, StumbleUpon, One of the Last Great Ways to Find Good Things Online | The Verge<\/a><\/li>\n<li><a href=\"https:\/\/www.bizjournals.com\/bizjournals\/video\/6082076253001\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tim Ferriss\u2019s Favorite Investment Is Uber (Video) | The Business Journals<\/a><\/li>\n<li><a href=\"https:\/\/www.codusoperandi.com\/posts\/increasing-your-luck-surface-area\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">How to Increase Your Luck Surface Area | Codus Operandi<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/from-sf-shenzhen-how-tech-hubs-built-tanay-jaeel\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">From SF to Shenzhen: How Tech Hubs Are Built by Tanay Jaeel | LinkedIn<\/a><\/li>\n<li><a href=\"https:\/\/www.scottandzelda.com\/the-lost-generation\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Lost Generation: Paris, 1920s | Scott and Zelda<\/a><\/li>\n<li><a href=\"https:\/\/cockpunch.com\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">A Fictional World Built for These Chaotic Times | The Legend of C\u00d8CKPUNCH<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2021\/11\/18\/sxsw-presentation-2007-the-4-hour-workweek\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Lost Presentation That Launched The 4-Hour Workweek \u2014 \u201cSecrets of Doing More with Less in a Digital World\u201d from SXSW 2007 | The Tim Ferriss Show #548<\/a><\/li>\n<li><a href=\"https:\/\/wordpress.org\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Blog Tool, Publishing Platform, and CMS | WordPress<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/gp\/product\/1328519163\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The 4-Hour Chef: The Simple Path to Cooking Like a Pro, Learning Anything, and Living the Good Life by Timothy Ferriss | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.jrepodcast.com\/guest\/tim-ferriss\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tim Ferriss Episodes | The Joe Rogan Podcast<\/a><\/li>\n<li><a href=\"https:\/\/id10t.com\/podcast\/episode-72-tim-ferriss\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tim Ferriss | ID10T (Formerly The Nerdist Podcast) Episode 72<\/a><\/li>\n<li><a href=\"http:\/\/www.wtfpod.com\/podcast\/tag\/Tim+Ferriss\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tim Ferriss | WTF with Marc Maron Episode 355<\/a><\/li>\n<li><a href=\"https:\/\/adamcarolla.com\/tim-ferriss\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tim Ferriss | The Adam Carolla Show<\/a><\/li>\n<li><a href=\"http:\/\/www.sixdegreestojoerogan.com\/podcasts\/99\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Entrepreneurial Thought Leaders | Six Degrees to Joe Rogan: A Podcast Network Analysis<\/a><\/li>\n<li><a href=\"https:\/\/www.dancarlin.com\/hardcore-history-series\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Dan Carlin\u2019s Hardcore History Podcast<\/a><\/li>\n<li><a href=\"https:\/\/www.bravotv.com\/inside-the-actors-studio\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Inside the Actors Studio | Bravo TV<\/a><\/li>\n<li><a href=\"https:\/\/screenrant.com\/best-movies-about-toxic-influencer-culture\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">10 Best Films That Tackle Toxic Influencer Culture | Screen Rant<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/welcome-to-5-bullet-friday\/\" target=\"_blank\" rel=\"noreferrer noopener\">Welcome to 5-Bullet Friday | Tim Ferriss<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Dungeons-Dragons-Art-Arcana-History\/dp\/0399580948\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Dungeons &amp; Dragons Art &amp; Arcana: A Visual History by Michael Witwer, Kyle Newman, Jon Peterson, and Sam Witwer | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/battellemedia.com\/archives\/2014\/02\/to-be-clear-do-not-build-your-brand-house-on-land-you-dont-own\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">To Be Clear: Do Not Build Your Brand House on Land You Don\u2019t Own | John Battelle\u2019s Search Blog<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2020\/01\/20\/one-decision-that-removes-100-decisions\/\" target=\"_blank\" rel=\"noreferrer noopener\">Finding the One Decision That Removes 100 Decisions (or, Why I\u2019m Reading No New Books in 2020) | Tim Ferriss<\/a><\/li>\n<li><a href=\"https:\/\/wondery.com\/shows\/how-i-built-this\/?_branch_match_id=954145392455540855&amp;utm_source=npr&amp;utm_medium=web&amp;_branch_referrer=H4sIAAAAAAAAA8soKSkottLXL8%2FPS0ktqtRLLCjQy8nMy9aPtHAprSzwLbXISwIAhWiAICQAAAA%3D\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">How I Built This with Guy Raz | Wondery<\/a><\/li>\n<li><a href=\"https:\/\/www.thisamericanlife.org\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">This American Life<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/22-Immutable-Laws-Marketing-Violate\/dp\/0887306667\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The 22 Immutable Laws of Marketing by Al Ries and Jack Trout | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/lexfridman.com\/podcast\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Lex Fridman Podcast<\/a><\/li>\n<li><a href=\"https:\/\/www.joincolossus.com\/episodes?prod-episode-release-desc%5BrefinementList%5D%5BpodcastName%5D%5B0%5D=Invest%20Like%20the%20Best\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Invest Like the Best with Patrick O\u2019Shaughnessy<\/a><\/li>\n<li><a href=\"https:\/\/newsroom.spotify.com\/2023-06-05\/an-update-on-changes-to-spotifys-podcast-business-june-2023\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">An Update on Changes to Spotify\u2019s Podcast Business, June 2023 | Spotify<\/a><\/li>\n<li><a href=\"https:\/\/www.theverge.com\/23768886\/spotify-podcast-strategy-mistakes-joe-rogan-exclusives-trevor-noah\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">How Spotify\u2019s Podcast Plan Went off the Rails | The Verge<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/tferriss\/status\/674677882476630017\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">\u201cI\u2019ll DM You Now\u201d | Tim Ferriss, Twitter<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Tribe-Mentors-Short-Advice-World\/dp\/1328994961\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tribe of Mentors: Short Life Advice from the Best in the World by Timothy Ferriss | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/business.linkedin.com\/marketing-solutions\/cx\/18\/01\/email-marketing-sem-desktop\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Sponsored InMail | LinkedIn Marketing Solutions<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Complexity-Emerging-Science-Order-Chaos-ebook\/dp\/B07WVV5J2R\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Complexity: The Emerging Science at the Edge of Order and Chaos by M. Mitchell Waldrop | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.santafe.edu\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Science for a Complex World | Santa Fe Institute<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Mr-China-Memoir-Tim-Clissold\/dp\/0060761407\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Mr. China: A Memoir by Tim Clissold | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2017\/07\/06\/tao-of-seneca\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Tao of Seneca: Letters from a Stoic Master (aka The Moral Letters to Lucilius) | Tim Ferriss<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Awareness-Opportunities-Reality-Anthony-Mello\/dp\/0385249373\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Awareness: The Perils and Opportunities of Reality by Anthony de Mello | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Angels-Knocking-Tavern-Door-Thirty\/dp\/0061138843\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Angels Knocking on the Tavern Door: Thirty Poems of Hafez | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/nymag.com\/strategist\/article\/best-nail-clippers.html\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Eight of the Very Best Nail Clippers 2023 | The Strategist<\/a><\/li>\n<li><a href=\"https:\/\/www.mayoclinic.org\/diseases-conditions\/raynauds-disease\/symptoms-causes\/syc-20363571\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Raynaud\u2019s Disease Symptoms and Causes | Mayo Clinic<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/HotHands-Hand-Warmers-Odorless-Activated\/dp\/B0007ZF4OA\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">HotHands Hand Warmers | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/s?k=mittens&amp;s=review-rank&amp;language=en_US&amp;ds=v1%3AqX6Es8neE7yD9KgNg1enbCZTXsuIWPHlE5SFoimjBus&amp;crid=E9RGC7NA8XKQ&amp;linkCode=ll2&amp;linkId=81d30c31d40ca6c2325045094f458435&amp;qid=1689801567&amp;sprefix=mitten%2Caps%2C536&amp;tag=offsitoftimfe-20&amp;ref=as_li_ss_tl\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Mittens | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/observer.com\/2016\/02\/the-truth-about-the-new-york-times-and-wall-street-journal-bestseller-lists\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Truth About the New York Times and WSJ Bestseller Lists | Observer<\/a><\/li>\n<li><a href=\"https:\/\/www.npd.com\/industry-expertise\/books\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Publishing Industry Data | NPD BookScan<\/a><\/li>\n<li><a href=\"https:\/\/scobleizer.blog\/2007\/05\/08\/todays-book-the-4-hour-workweek\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Today\u2019s Book: The 4-Hour Workweek | Scobleizer<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Nonviolent-Communication-audiobook\/dp\/B00TKMBJKE\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Nonviolent Communication: Create Your Life, Your Relationships, and Your World in Harmony with Your Values by Marshall B. Rosenberg | Amazon<\/a><\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">SHOW NOTES<\/h3>\n<ul>\n<li>[06:32] From Princeton to podcasting.<\/li>\n<li>[07:39] How a disenchanted entrepreneur became a reluctant author.<\/li>\n<li>[14:22] Angel investing and <em>The 4-Hour Body<\/em>.<\/li>\n<li>[16:40] Investing rulesets and takeaways.<\/li>\n<li>[19:09] How a choice location maximizes serendipity.<\/li>\n<li>[20:42] Why did I back away from angel investing?<\/li>\n<li>[22:28] Entering the blogosphere.<\/li>\n<li>[27:02] Why podcasting?<\/li>\n<li>[28:33] Early and enduring lessons for improving the craft.<\/li>\n<li>[31:37] What makes a successful podcaster?<\/li>\n<li>[34:57] The power of direct communication with one\u2019s audience.<\/li>\n<li>[38:48] Leveraging a lean infrastructure.<\/li>\n<li>[40:34] Helpful steps for effective interview prep.<\/li>\n<li>[45:08] Respected podcasting peers.<\/li>\n<li>[48:00] Spotify\u2019s foray into podcasting territory.<\/li>\n<li>[50:09] Twitter and LinkedIn.<\/li>\n<li>[53:15] Books most gifted.<\/li>\n<li>[55:31] Most positively effective purchase of $100 or less.<\/li>\n<li>[55:30] Favorite failure.<\/li>\n<li>[57:50] Billboard.<\/li>\n<li>[58:49] Best investment ever made.<\/li>\n<li>[59:30] Most life-improving new belief, behavior, or habit.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">PEOPLE MENTIONED<\/h3>\n<p><h3 class=\"jp-relatedposts-headline\"><em>Related and Recommended<\/em><\/h3>\n<\/p>\n<p><em><a href=\"https:\/\/tim.blog\/podcast\"><strong>The Tim Ferriss Show<\/strong><\/a> <\/em><span>is one <\/span>of the most popular podcasts in the world with more than 900 million downloads. It has been selected for &#8220;Best of Apple Podcasts&#8221; three times, it is often the #1 interview podcast across all of Apple Podcasts, and it&#8217;s been ranked #1 out of 400,000+ podcasts on many occasions. To listen to any of the past episodes for free, check out <strong><a href=\"https:\/\/tim.blog\/podcast\">this page<\/a><\/strong>.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/hop.clickbank.net\/?affiliate=infohatch&amp;vendor=J1R2C\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10614 aligncenter\" src=\"http:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px.png\" alt=\"Profit Gen\" width=\"400\" height=\"217\" srcset=\"https:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px.png 400w, https:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px-300x163.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Illustration via 99designs Welcome to another episode of\u00a0The Tim Ferriss Show, where it is usually my job to deconstruct world-class performers to tease out the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth"],"_links":{"self":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/3391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/comments?post=3391"}],"version-history":[{"count":0,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/3391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media\/3392"}],"wp:attachment":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media?parent=3391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/categories?post=3391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/tags?post=3391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}