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The Management Rights Letter

A friend asked me over the weekend “why do VCs ask for a management rights letter when they make an investment?” A management rights letter is a short agreement between a company and an investor to allow them certain “management [...]  Read more

Peak Decade

I read this post on Bloomberg about a theme this week at Davos (never been) about the 2020s being a “Peak Decade”: Peak Globalization (tighter borders in the coming years) Peak Capitalism (the emergence of “stakeholder capitalism”) Peak Inequality (the [...]  Read more

Digital Bearer Assets

I spent time over the past few days with several entrepreneurs who are building crypto or “web 3” applications well outside of the financial space. One of the takeaways for me was of the important role that digital “bearer” assets [...]  Read more

Funding Friday:

I love this project and backed it instantly when a friend showed it to me last week. USV TEAM POSTS: Zapier Bot — Jan 16, 2020 Explaining the rules of a game? Start with the goals Nick Grossman — Jan [...]  Read more

USV’s Climate Thesis

My partner Albert wrote a bit about how USV is investing in the climate/sustainability sector today . The high-level summary is “not very differently than we have and are investing in other sectors”. At USV, we like certain businesss models, [...]  Read more

Broadening Access

I spent the morning today at MTA headquarters, judging the “Accessibility” category of the NYC Transit Tech Lab competition , organized by the Partnership for NYC . Here is the view from the 20th floor of MTA HQ at Bowling [...]  Read more

The Crucible Of Leadership

Yesterday evening, the Gotham Gal and I went to see Jerry Colonna do a reading from his recent book , Reboot: Leadership and the Art of Growing Up . As we were standing around chatting waiting for Jerry to go [...]  Read more