Who is Bill Gurley and what is his background?

Bill Gurley is a venture capitalist with over 15 years of experience, having worked with companies like GrubHub, Uber, and Zillow. He holds a BS in Computer Science and an MBA.

How did Bobby Knight achieve success in coaching?

Bobby Knight became head coach at Indiana University at age 31 and went on to win three national championships and 11 Big Ten titles.

How did Bob Dylan achieve success in music?

Bob Dylan became a successful musician by studying folk music, releasing albums, and winning numerous awards, including the Nobel Prize in Literature.

How did Danny Meyer become successful in the restaurant industry?

Danny Meyer became successful by studying icons in the industry, gaining knowledge through travel and working in restaurants, and eventually opening multiple high-end restaurants and Shake Shack.

What is the importance of mentors and relationships in achieving success?

It is important to find mentors in your field, treat them with respect, and develop relationships with peers to learn, innovate, and advance in your career.

Succeed & Thrive in Your Dream Career - Bill Gurley 9/14/2018

Name: Succeed & Thrive in Your Dream Career - Bill Gurley 9/14/2018
Uploaded: 2023-02-08 18:43:03
Description: Gathering information, respecting mentors, and pursuing passions can lead to success in any field.

This article is a summary of a YouTube video "Runnin' Down a Dream: How to Succeed and Thrive in a Career You Love - Bill Gurley 9/14/2018" by Bill Gurley

TLDR Gathering information, respecting mentors, and pursuing passions can lead to success in any field.

Key insights

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Pursuing your dream job may require taking ambitious actions, such as hitchhiking 1,200 miles with just a guitar, suitcase, and $10.
🏋️‍♂️

The true test of pursuing your dream job is whether you enjoy the preparation and practice, not just the end result of winning.
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Constantly honing your craft is crucial for success in any career, and requires being obsessive about learning and understanding everything about your field.
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Greatness isn't random, it's earned through hard work and dedication to mastering a craft.
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Finding mentors in your field can be crucial to success: "Mentors take every chance you can to find somebody who can teach you about the fields you want to excel in and you can work your way up the stack."
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Mentors are important in one's career, as seen in the examples of successful luminaries having mentors who played a significant role in their success.
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Developing relationships with peers in your field and having discussions and arguments with them is the way to learn, share ideas, and innovate.
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Follow your compass towards your dream job, even if you can't go for it today for whatever reason.

Q&A

Who is Bill Gurley and what is his background?

— Bill Gurley is a venture capitalist with over 15 years of experience, having worked with companies like GrubHub, Uber, and Zillow. He holds a BS in Computer Science and an MBA.
How did Bobby Knight achieve success in coaching?

— Bobby Knight became head coach at Indiana University at age 31 and went on to win three national championships and 11 Big Ten titles.
How did Bob Dylan achieve success in music?

— Bob Dylan became a successful musician by studying folk music, releasing albums, and winning numerous awards, including the Nobel Prize in Literature.
How did Danny Meyer become successful in the restaurant industry?

— Danny Meyer became successful by studying icons in the industry, gaining knowledge through travel and working in restaurants, and eventually opening multiple high-end restaurants and Shake Shack.
What is the importance of mentors and relationships in achieving success?

— It is important to find mentors in your field, treat them with respect, and develop relationships with peers to learn, innovate, and advance in your career.

Timestamped Summary

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00:00
Bill Gurley, a venture capital expert with 15+ years of experience, is back on campus to share his knowledge and experience with MBA students.
🎉

04:26
Robert Montgomery won a national championship with Ohio State, Joe Hammond discovered Bob Dylan, and Bobby Knight won 3 national championships and 902 victories at Indiana University.
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13:14
Danny Meyer worked hard to open 16 high-end restaurants in NYC, eventually leading to the success of Shake Shack, now worth 2.2 billion.
🔍

20:23
Gather as much information as you can and go to where the greats are to become an expert in your field.
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28:31
Respect and document what you learn from mentors, peers, and experts in your field, and thank them for their help.
🤔

35:21
Sam Hickey used his MBA degree to pivot into success, eventually becoming the General Manager of the Philadelphia 76ers and implementing the "Trust the Process" strategy which led to the drafting of Joel Embiid and the Astros winning the World Series.
💡

43:44
Katrina Lake used her MBA to launch a personal shopper company, Stitch Fix, which uses data science to pick five items from an inventory of many based on a shopper's profile.
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49:14
Pursuing your passions and working hard can lead to success, even if it means pushing through fear and anxiety.