Very famous VC Bill Gurley says startup boardrooms are now just filled with *clapping hand noise*


Fresh off a public spat between Uber investor Benchmark Capital and former Uber CEO Travis Kalanick, Benchmark general partner Bill Gurley took the stage in front of a large room of bankerfolk at the Goldman Sachs Internet and Technology Conference to talk about how startup boardrooms are now filled with a lot of cheerleaders that aren’t holding founders accountable.

“There’s a systematic problem in Silicon Valley, the venture capitalist board members are finding harder and harder to speak up and hold entrepreneurs responsible for financial performance,” Gurley said. “Our business has gotten super competitive. What the venture capitals is afraid of is losing the next big one. If they get a reputation — years ago [some of the best venture capitalists] were known for…

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