# Mental Models That Change How You Think | Bill Gurley

> Source: <https://fs.blog/knowledge-project-podcast/bill-gurley/>
> Published: 2026-06-04 09:30:00+00:00

Bill Gurley spent years on Wall Street, built his career as a partner at Benchmark, worked through Uber’s hypergrowth era, and now serves on the board of the Santa Fe Institute, where he studies complexity and systems thinking.

## Public Release: June 9.

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[Transcript](https://fs.blog/knowledge-project-podcast-transcripts/bill-gurley/)In this episode, Bill shares the mental models he returns to most, including systems thinking, second and third-order effects, and the importance of understanding both the bedrock of your field and the bleeding edge.

He explains what separates great founders, why storytelling and product instincts matter, how he uses AI across different models, and what he sees coming in open source, China, stablecoins, tokenization, payments, and venture capital.

+ Check out *Runnin’ Down a Dream: How to Thrive in a Career You Actually Love*