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SigFig
John Buttrick – Jul 3, 2013
Investment management is an increasingly important problem. With the decline of defined benefit plans and the increasingly shaky social security system, most people will have to rely primarily on their savings and retirement accounts to fund living expenses after they [...] Read more
Firebase
Albert Wenger – Jun 20, 2013
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
John Buttrick – Jun 11, 2013
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
Brad Burnham – May 20, 2013
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
Nick Grossman – May 9, 2013
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
Fred Wilson – May 8, 2013
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