"I couldn't discover something that got me excited. Slowly, I've come around to an idea that I made up. It's not a career that other people have." - Bill Gurley to Tim Ferriss
Bill Gurley's first principle is "find your passion." But how did Bill actually find his? He didn't have one passion - he had five fascinations pulling in different directions. A love affair with technology, a gambling bug, a deep curiosity about markets, a need to write, and a desire for wealth. Most people would pick one. Bill held all five, with no idea how they'd fit together - and kept building until they did.
This is a Craftsmith Letter, an audio letter to a living craftsperson.
In this letter:
- How growing up on a street of NASA scientists in Dickinson, Texas shaped how Bill learned to think
- The moment his sister's stock options at Compaq showed him a different kind of wealth
- Why Bill was "surprisingly bored" at one of the most exciting companies in tech
- The Palm Pilot move: how he spammed 350 of the most powerful people in tech with his newsletter
- Frank Quattrone's question that changed everything: "What is your dream job?"
- The 10:30 PM walk on the 36th floor of Park Avenue Plaza - and the question he asked himself
- What Bill told Tim Ferriss that reveals the pattern of his entire career: "I made it up. It's not a career that other people have."
- Why boredom isn't ingratitude - it's data about which fascinations aren't being served
Chapters:
- (00:00) - Why This Letter
(00:28) - Bill Gurley’s Big Idea(01:21) - Five Fascinations(02:31) - NASA Roots in Texas(03:48) - Sister’s Compaq Spark(05:07) - Gambling Bug Awakens(06:06) - Writing as Thinking(07:47) - Bored at Compaq(09:23) - MBA and VC Dream(10:19) - Wall Street Detour(11:34) - Palm Pilot Power Move(12:54) - Silicon Valley Breakthrough(13:15) - Boredom Returns Again(14:21) - Finally Venture Capital(16:46) - Permission to Fail(17:28) - Post-Benchmark Restlessness(18:34) - Make It Up Again(19:45) - Lessons on Boredom(20:56) - The Book Needed Permission(21:57) - Invitation and Next Steps(22:07) - Weekly Exercise and ShareReferences:
- Runnin' Down a Dream by Bill Gurley
- Bill Gurley's UT Austin talk - the original "Runnin' Down a Dream" speech
- Above the Crowd - Bill's blog
Source conversations referenced in this letter:
- Bill Gurley on Tetragrammaton with Rick Rubin - where Bill discusses permission and disinhibition
- Bill Gurley on The Tim Ferriss Show #840 - where Bill reveals "I made it up"
Help deliver this letter:
If you think Bill should hear this, send him this episode:
- @bgurley on X
- Bill Gurley on LinkedIn
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Craftsmith is a podcast by Bill Allred about people doing work they love, so you can too.