Gurley: VCs Avoid Replacing Founder CEOs Due to 50% Failure Rate
Bill Gurley · The Gift and The Curse of Staying Private with Bill Gurley · Invest Like The Best · Jun 10, 2025 · at 1:20:59
Bill Gurley (Benchmark) reflects on a classic essay by Ben Horowitz about backing founders who manage their companies all the way to scale.
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“It's actually true of every venture capitalist in the world because you got a 50 50 shot when you change the CEO. And why would you put that risk on on your portfolio?”
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