Firebase
Arthur C. Clarke famously wrote that "any sufficiently advanced technology is indistinguishable from magic." I have always had mixed feelings about this quote because as an engineer my reaction to something really advanced like self driving cars is to want [...] Read more
Auxmoney
Today we are delighted to announce that we have made an investment in Auxmoney, an online credit marketplace in Germany. The CEO, Raffael Johnen was in London last week and appeared on a LeWeb panel with the CEOs of two [...] Read more
Yahoo acquires Tumblr
Yahoo announced today that they will acquire our portfolio company Tumblr. In September of 2007 we, together with Spark Capital, invested in a 3 person start-up founded by David Karp, a 21 year old coder who had not finished high [...] Read more
The Patent Quality Improvement Act
This week, Senator Schumer introduced legislation that would take a whack at patent trolls: the Patent Quality Improvement Act aims to make it easier and cheaper for companies facing spurious infringement suits to defend themselves. This is not a complete [...] Read more
Coinbase
We have been thinking about and looking to make an investment in the Bitcoin ecosystem for several years. Today, we are happy to be able to talk about our first investment in the sector. We have made an investment in [...] Read more
CircleUp
As venture capitalists, we understand how valuable an injection of capital into an early-stage, fast-growing business can be. But our industry has a particular set of economics, one that has skewed the availability of equity investment towards startups in the [...] Read more