Video

2,851 Miles (regulatory capture and startups)

Bill Gurley · YouTube Free Advanced

2,851 Miles (regulatory capture and startups)

Gurley explains why incumbents welcome regulation and use it to freeze competition, which is exactly why a fresh rule creates room for someone faster. Understanding regulatory capture helps you see where slow incumbents are exposed the moment the rules move. It is a sharp, memorable talk that reframes regulation from a wall into a map of who is stuck.

  • Incumbents often lobby for regulation because it locks out newcomers.
  • A rule change briefly levels a field the incumbent thought it owned.
  • Watch who is slow to comply, because that is where the opening sits.
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The question it answers

  1. A regulation or policy just changed in my sector. How do I read it as an opportunity instead of just a headache?

Read with it

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  4. A tighter, spoken version of Burfield's thinking, useful if you want the core ideas in an hour instead of a full book. It walks... a16z Podcast Podcast The Art of the Regulatory Hack Andreessen Horowitz
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