Algorand Launch
Today marks a big milestone for the Algorand Core Team and Algorand Foundation. They conducted the first on-chain Algorand auction and it came off without a hitch. It took a lot to get here and so: huge congratulations to everyone involved! Among other things this [...] Read more
goTenna Series C
We are excited that Founders Fund has led a Series C financing for goTenna. It is a recognition of the tremendous progress the company has made in serving the communication needs of first responders and other professionals. The goTenna Prooffering works with mobile phones [...] Read more
Joining the Libra Association
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?
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
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
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
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
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
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