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Labor Day: UBI versus Job Guarantee

The majority of the 2020 presidential candidates on the Democratic side support a Federal Job Guarantee with Andrew Yang being the lone voice in favor of a Universal Basic Income. Both of these policies are aiming to address the changes [...]  Read more

Labor Shortages

I read last week that there are a growing number of regions around the country where there are labor shortages. Businesses literally cannot find the workers they need to operate their businesses. Today is Labor Day, a day to celebrate [...]  Read more

Scaling In Lower Cost Locations

This is a topic I’ve written about a bunch over the years. I feel like it is becoming more urgent every day. Last week I heard some shocking numbers about salary levels for certain kinds of engineers in the bay [...]  Read more

AVC Stats

As I’ve been working on a new design and approach to this blog/newsletter , I have been diving into the analytics to understand what all of you are doing with it. Here are some charts and tables: 1/ The web [...]  Read more

The Erasure Protocol

Some crypto projects are developed from scratch. Bitcoin, Ethereum, and our portfolio company Algorand are examples of this. The developers have a vision and they go out and build it. Other crypto projects evolve from something else. Kin and Props [...]  Read more

Sometimes it’s OK to yell

I’m normally not the kind of person who yells a lot. I don’t tend to get mad in fights, so much as I get exasperated. I never have those quippy, one-liners ready to go when some jerk makes a passing [...]  Read more

Returning The Fund

I have always felt that every investment in a venture fund should be able to return the fund. That doesn’t mean that they all will. In fact, for many funds I have worked on, only one or two investments work [...]  Read more