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Resource Constraints
Fred Wilson – Aug 23, 2017
Most of the companies I work with tell me that they are resource constrained and do not have enough capital and engineers to do everything they want to do. I tell them that is a blessing not a curse. They [...] Read more
Taking a Break
Albert Wenger – Aug 18, 2017
This will be my last post until Labor Day. I will be spending as little time online as possible, reading books instead, spending time with family and friends and working on World After Capital. I will be disabling all notifications [...] Read more
If You Lie Down With Dogs, You Come Up With Fleas
Fred Wilson – Aug 16, 2017
I don't know enough to say with any confidence that our President is a supremacist. But he made a cold hard political calculation that paid off for him when he made these horrible people the foundation of his political base [...] Read more
Uncertainty Wednesday: Risk Seeking (Jensen’s Inequality Cont’d)
Albert Wenger – Aug 16, 2017
Last Uncertainty Wednesday, we saw how diminishing marginal utility of wealth provides an explanation of risk aversion via Jensen’s inequality. Why would it be then that lots of people seem to like small gambles, like a game of poker among [...] Read more
ICOs and Governance
Albert Wenger – Aug 15, 2017
As has been widely reported, in the last few months ICOs have raised significantly more money for blockchain startups than has come from traditional venture investors. This can be seen as a sign of the long discussed unbundling of venture [...] Read more
MBA Mondays
Fred Wilson – Aug 14, 2017
For almost four years, from Jan 2010 to late 2013, I would write a column every Monday called MBA Mondays where I tried to cover the basics of a business education here at AVC. There are roughly 200 posts in [...] Read more
Founder Friendly
Fred Wilson – Aug 13, 2017
Long time VC watcher, writer, and analyst Dan Primack suggested on Friday that the days of VCs trying to out "founder friendly" each other are now over. It is an interesting observation and was worthy of a reply. The VC [...] Read more
USV Network Guiding Principles
Bethany Crystal – Aug 12, 2017
We expose frameworks and ideas, not prescriptive solutions: As VCs and not operators, we know we don’t have all the answers. We seek to expose a wide variety of options to our companies, but never the only way to do something.We [...] Read more
Preparing for Superintelligence: Living the Values of Humanism Today
Albert Wenger – Aug 12, 2017
In my draft book World After Capital, I write that humans having knowledge is what makes us distinctly human and gives us great power (and hence great responsibility). I define knowledge in this context as science, philosophy, art, music, etc. [...] Read more