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Joining the Libra Association
Albert Wenger – Jun 18, 2019
Today we announced that we have joined the Libra Association, the governance for a global stable coin. Nick has written a post on the USV blog explaining our decision. I have argued before that we don’t really know what path [...] Read more
Timing of World After Capital: An Echo of Keynes?
Albert Wenger – Jun 17, 2019
After a vacation, I am resuming work on World After Capital. I have been struck by the possibility that my book may suffer a fate similar to Keynes’s essay titled “Economic Possibilities for our Grandchildren.” Written in 1930, during the [...] Read more
Vacation Insights
Albert Wenger – Jun 10, 2019
I just spent nearly two weeks in Israel and Jordan on a family vacation. We saw amazing sights and met fascinating people. More than with other travel, and maybe due to some recent reading, the trip crystallized three insights for [...] Read more
Blogging Break
Albert Wenger – May 20, 2019
I have been on a bit of a blogging break which is likely to go on for a few more weeks. The break has been the result of a confluence of several factors, starting with a lot of work. Historically, [...] Read more
Uncertainty Wednesday: Valuations and Inflation Risk
Albert Wenger – May 8, 2019
Today’s Uncertainty Wednesday is about the risk of inflation. I spend much of my time thinking about company valuations, both as we make new investments and also as we try to mark valuations in existing companies. Of course valuations for [...] Read more
A Brief Note on Email Introductions
Albert Wenger – May 3, 2019
I wrote a post a few years ago titled “Some Things I Have Learned About Email” which among other things advocates for double opt-in introductions. These have by now thankfully become fairly standard and when people don’t follow the protocol [...] Read more
USV 2019 Funds
Albert Wenger – Apr 30, 2019
We are pleased to announce that we have raised two new funds. The 2019 Core Fund has commitments of $200 million (up slightly from our last few core funds which were $175 million) and the 2019 Opportunity Fund is at [...] Read more
Current IPO Crop
Albert Wenger – Apr 26, 2019
It is the season of mega tech IPOs including the recent offerings by Pinterest and the upcoming one by Uber. A key question to be answered is how well will these companies perform in the public markets over time? So [...] Read more
Code Climate Velocity 2.0
Albert Wenger – Apr 24, 2019
About a year ago Code Climate announced its Velocity offering which provides engineering insights. Today they are taking the wraps off Version 2.0 for everyone. Existing customers have already had access to many of the new features. I am writing about this today [...] Read more