A historical collection of our writing.
In the past year, we've roughly doubled the size of our team at USV — not by hiring more people, but by building AI agents that work alongside us. These agents research companies, review legal documents, write code & build apps, maintain our internal databases and much more. They aren't just […] Read more
There is a heated debate about what an AGI-level economy might look like. On one side are pessimists who foresee extreme wealth concentration and a permanent precariat: people with no meaningful economic role, dependent on whatever crumbs fall from the table of capital owners. On the other are […] Read more (opens Continuations in a new tab)
By 
Spencer Yen & Nick Grossman
There’s a great story in Stewart Brand’s How Buildings Learn about how a temporary wooden structure left over from World War II became one of the most loved buildings at MIT. During the war, MIT needed a new building to house the urgent classified development of radar technology. They hastily built […] Read more
Are we in an AI bubble or not? As someone who lived through the dotcom bubble as an investor there are many parallels and also significant differences. By many metrics we are in obvious bubble territory with fantastically extended valuations and lots of roundtripping happening with NVIDIA at the […] Read more (opens Continuations in a new tab)
By 
Andy Weissman & Nikhil Raman
It is said that while history doesn’t repeat, it does rhyme. This is a pattern we’ve observed before in the Internet era. When a novel technology arrives, early infrastructure is controlled (or attempted to be controlled) by a small number of players who prefer to create and extract value inside […] Read more
The world is becoming programmable and, increasingly, easy to program. But the underlying and consistent current running through this massive and systemic wave is a need for abundant, efficient energy. The rate of change makes what’s possible feel unbounded but energy is the prime constraint. For a […] Read more
