Bill Gurley
Bill Gurley.
  • Tech investors face a radically different landscape after last year's downturn, Bill Gurley said.
  • Higher interest rates and less liquidity mean lower valuations and greater onus on profits, he said.
  • The venture capitalist questioned the metaverse's potential, and praised Jeff Bezos and Amazon.

Technology investors face a reckoning over how they value companies now that interest rates have climbed and funding has dried up, legendary venture capitalist Bill Gurley has said.