The Bill Gurley Chronicles: Part 2 The Bill Gurley Chronicles: Part 2 By Alex of the Macro Ops Substack What if there was a way to distill all the knowledge that someone’s written over the last 25 years into one, easy-to-read document? And what if that person was a famous venture capital investor known for betting big on companies like Uber, Snapchat, Twitter, Discord, Dropbox, Instagram, and Zillow (to name a few)? Well, that’s what I’ve done with Bill Gurley’s blog Above The Crowd . Gurley is a legendary venture capital investor and partner at Benchmark Capital. His blog oozes valuable insights on VC investing, valuations, growth, and marketplace businesses. This document is past two to the one-stop-shop summary of every blog post Gurley’s ever written, part 1 can be found here . February 2, 2004: The Rise Of Open-Standard Radio: Why 802.11 Is Under-Hyped ( Link ) Summary: WiFi will dominate wireless communications for the same reason Ethernet dominated networking and x86 dominated computing: high switching costs. This wide-scale adoption causes capital to flow into the standard as companies look to differentiate on top of the existing platform.