All-In with Chamath, Jason, Sacks & Friedberg · Saturday, September 19, 2026
Bill Gurley used the Champlain Towers collapse as a case study in institutional failure, highlighting design errors, poor maintenance, and the condominium board's disregard for inspection reports. He mentioned that 98 people died in the June 2021 incident.
“98 people died. What happened? There were design errors from the very beginning. There's poor maintenance schedule. And then the the board of the condominium did not listen to an inspection report that said they needed to take care of this. Three different things. That's kind of the institutional failure.”
“It turned out the pool deck was exposed to saltwater air, corroded the pool deck collapsed into the basement, which took out the structural columns, and the building came down.”