It’s 2020. Time to look forward to the decade that is upon us. One of my favorite quotes, attributed to Bill Gates, is that people overestimate what will happen in a year and underestimate what will...

Dan Primack wrote in his friday newsletter: Public market investors have become less willing to leave their comfort zones, and it’s manifesting most obviously in the IPO market.Novel disruption has...

We have been seeing quite a few seed rounds getting done in and around $100mm post-money and that concerns me for a few reasons: Seed stage is when a company has a good team, a good idea, but has not...

I have worked in three venture capital firms in the thirty-six years I have been doing venture capital investing. They have all been small partnerships, between three and seven investing partners,...

There is a lot of negativity around NYC right now. Bloggers writing sensational headlines. That sort of thing. It makes me want to go out and buy a ton of NYC stock right now. It is certainly the...

I want to focus this post on the macro environment for tech, startups, web3, and climate because that is where my head is at right now. I believe that sometime in the first half of 2023, the central...

Back in 2014, USV got subpoenaed by the New York State Department of Financial Services (DFS) over our web3 investing activities. We hired a law firm, answered the subpoena, and that ultimately...

As I have written about here on AVC many times, early stage venture portfolios produce a wide range of outcomes. A few investments produce the vast majority of the returns while many investments...

The last six months have been a challenging time for tech and tech startups. Macro events have weighed on the sector, valuations have come crashing down, revenue growth has slowed (or stopped), and...