Benchmark General Partner Bill Gurley said out loud what some in Silicon Valley have been whispering about privately.
"All these private valuations are fake," said Gurley, in remarks Tuesday at the Wall Street Journal WSJD Live conference at The Montage in Laguna Beach, Calif.
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That the outspoken venture capital investor sees private company valuations as out of whack is no surprise — a recent New Yorker profile of Andreessen Horowitz co-founder Marc Andreessen referred to Gurley as the investing rival's curmudgeonly Newman from TV's "Seinfeld."