Writing

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Kickstarter, PBC

I recall meeting Perry Chen for the first time in the old USV offices on the 14th floor back in 2009 shortly after Kickstarter launched. He and his partners Yancey and Charles were onto something, I was sure of that. [...]  Read more

La Ruche qui dit Oui!

La Ruche qui dit Oui! (the hive that says yes) is a marketplace that connects farmers to people who want farm fresh food in their kitchens and on their tables. We got to know the company last winter when my [...]  Read more

DroneBase

A couple years ago, in early 2013, I started writing a lot about Drones. I have always thought that Drones represent the leading edge of a robotics age. There are a host of reasons for that but the main ones [...]  Read more

The 40% Rule

I was catching up on Brad Feld's blog this morning and saw that he had posted about the "40% rule" for SAAS companies. I was at the same board meeting as Brad and came away similarly impressed by the simplicity [...]  Read more

The Carlota Perez Framework

I was reading William's post on the potential crash in the Bitcoin sector this morning and I thought of Carlota Perez. Longtime readers of this blog will know that I am a huge fan of Carlota's work, her research around [...]  Read more

Seed Investing At USV

In our most recent fund, USV 2014, five of our first six investments, have been seed investments. That is probably surprising to many people as USV is not thought of as a seed investor. I wrote a post today explaining [...]  Read more

Revenue Multiples And Growth

When you say "the stock is trading at 20x revenues" people rightly shake their head and say "that is nuts." I got a lot of tweets like that in reaction to my comments about the Uber valuation in the LeWeb [...]  Read more

Revenue Multiples And Growth

When you say “the stock is trading at 20x revenues” people rightly shake their head and say “that is nuts.” I got a lot of tweets like that in reaction to my comments about the Uber valuation in the LeWeb [...]  Read more