John William Gurley, CFA (born May 10, 1966) is a general partner of Benchmark Capital, a Menlo Park, California-based Silicon Valley venture capital firm.
He is a regular on Forbes’ Midas List and is widely regarded as one of the most powerful dealmakers in the technology industry.
On May 10, 1966, in Dickinson, Texas, just outside of Houston, John William Gurley was born. Gurley earned his bachelor’s degree in science from the University of Florida in 1989.
He was a member of the men’s basketball team while attending the University of Florida. Gurley graduated from the University of Texas McCombs School of Business in 1993 with a Master of Business Administration degree.
Gurley’s Career!
Gurley worked as a design engineer at Compaq Computer before entering the investing world, where he worked on devices like the 486/50 and Compaq’s first multi-processor server.
He worked at Advanced Micro Devices’ embedded processor division’s technical marketing group before joining Compaq.
He “has a manner of sizing things up that makes him both engaging and very quotable,” says the author, who has a financial and engineering background.”
At Hummer Winblad Venture Partners, Gurley was a partner. He also worked as a research analyst for four years on Wall Street, three of them at CS First Boston.
“One of Wall Street’s top technology analysts,” he was said to be.” He was the primary analyst on the Amazon.com IPO and covered businesses like Dell, Compaq, and Microsoft.
Gurley’s Net Worth!
Gurley’s estimated net worth in 2021 was $8 billion. After investing $11 million in the company before its IPO in 2011, the investor is thought to own $8 billion worth of Uber stock.
Forbes nominated Gurley to its Midas List of Top Tech Investors for 2021. In 2022, Gurley’s estimated net worth is $6.29 million.
Gurley’s Investments!
Gurley invested in Avamar Technologies (acquired by EMC Corporation), Business.com (acquired by R.H. Donnelley), Clicker.com (acquired by CBS Interactive), Demandforce (acquired by Intuit), Employees (acquired by Automated Data Processing), JAMDAT Mobile (acquired by Electronic Arts), Nordstrom.com (acquired by Nordstrom), Shopping.com (acquired by eBay), The Knot (acquired by Walmart).
With the economic crisis in the fall of 2008, Gurley gained notoriety when he sent a letter to his portfolio firms telling CEOs to be cautious in their spending while looking for and seizing opportunities that arise during difficult times.
“It’s my belief that Silicon Valley and venture-backed enterprises have evolved into a world that is both speculative and unsustainable,” Gurley said of private technology investing in a 2015 interview.
Gurley’s concerns on venture capital expenditure, as well as his article on his own blog, Above the Crowd, have been widely discussed in the sector. He also warns family offices against investing in unicorn businesses.
At TechCrunch’s annual Crunchies awards in March 2016, Gurley was voted VC of the Year.
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