Making Butter with Jam
At its best, building a product with others is a joyful, magical process. It’s like being on a championship team and getting into the zone. Or hosting an epic jam session where the band comes together and music flows like [...] Read more
Setting Off On Your Own
I read Alex Konrad’s profile of Fred Ehrsam and Matt Huang of Paradigm yesterday and was reminded of my own career. In 1996, after almost a decade at Euclid Partners, I left to start Flatiron Partners with Jerry Colonna . [...] Read more
How Much Clothing is Enough? A Personal Experiment
One of the core ideas in my book The World After Capital is that we have sufficient physical capital in the world to meet everyone’s needs. To help establish this I provide a fairly detailed analysis of what our needs [...] Read more
Funding Friday: Westbeth
The Gotham Gal and I have lived a block away from Westbeth for almost fifteen years. Westbeth is a treasure. It was Bell Labs for most of the first half of the twentieth century and became an artist community in [...] Read more
A Failing Grade
I wrote yesterday , about the quarterly numbers for VC investing activity: If this was a student coming home with a report card, it would be straight As. Well, I missed something in the data that was subsequently reported on [...] Read more
Venture Funding Trends Intact
The NVCA and Pitch Book are out with their Q3 report on the VC industry and what they report is that the VC industry continues to be very active throughout the pandemic. Deal counts and deal values are stable to [...] Read more
Numerai Signals
Our portfolio company Numerai , which operates the crowdsourced Numerai Hedge Fund and is the creator of the Numeraire crypto token introduced their latest effort, Numerai Signals , with this video yesterday: USV TEAM POSTS: Albert Wenger — Oct 10, [...] Read more
The De-Carbonization Of The Economy
Over the last decade, the Gotham Gal and I have moved away from oil and gas in our homes and have installed solar panels for electricity and heat pumps for heating and cooling. It has gotten less expensive to do [...] Read more
Innovation Upends Extrapolation: Urbanization
One of my favorite example of a mindless extrapolation was a headline I saw a few years back that said “By 2100 We Will All Live In Cities” (sadly I can’t find it anymore and failed to bookmark it). It [...] Read more