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Being in Motion

I find myself today flying across the Upper Peninsula of Michigan, en route to Denver for ETH Denver followed by LA for the Upfront Summit .  I often end up writing blog posts on planes — partially because of the [...]  Read more

The VC’s Customer

I saw Dan Primack assert that the venture capitalist’s customer is their limited partners in this tweet about the Citizen app, the recap, and their VCs: Regular reminder that, ultimately, VC funds works for their limited partners, not for their [...]  Read more

What Does “Native” Mean

When a new technology comes to market, we often look for “native” applications of that technology. What is a “native” AI application? What is a “native” Web3 application? I have not seen a better articulation of “native” than my partner [...]  Read more

Building Out the Climate Capital Stack

Co-authored by Mona We recently announced that we have started to invest from our second climate fund. Much like our first climate fund this is an early stage fund, making initial investments at the seed and Series A stages. Generally [...]  Read more

The 83b Election

First and foremost, this is not tax advice. I am not a tax advisor and you should never take anything you read here as tax advice. If you read something here that makes you think you should take some tax-related [...]  Read more

The Rebrand

I’d guess that upwards of half of USV’s portfolio companies have changed the name of their company during their lifetime. It is not hard to understand why. Founders start out with an idea and not much more. By the time [...]  Read more

Welcoming Liza Landsman to Stash

When I first met Brandon and Ed, Co-Founders of Stash, in 2016 it was clear that they were approaching the consumer fintech whirlwind with a different perspective. At the time an early app and idea, the goal was to build [...]  Read more