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Numerai

Today, we're excited to announce that USV is leading the Series A round of financing in Numerai’s management company. Read more

Fat Protocols

Note: see the 2020 follow-up post here: Thin Applications Here's one way to think about the differences between the Internet and the Blockchain. The previous generation of shared protocols (TCP/IP, HTTP, SMTP, etc.) produced immeasurable amounts of value, but most [...]  Read more

Mediachain

"This picture of Justin Bieber getting choked at a nightclub looks like a Renaissance painting" This photograph, and its caption, were posted on Imgur on April 17th. It quickly made it to the front page of Reddit, ultimately garnering over [...]  Read more

USV Thesis 2.0

Union Square Ventures has always been a “thesis” driven firm. We maintain specific principles about the internet that guide our investment decisions. While other things like stage and to a lesser extent geography, also matter, our thesis or point of [...]  Read more

Introducing OB1

We have said many times that we believe in emergent, decentralized, start-up innovation. Institutions public and private, no matter how well intentioned, tend to protect their institutional interests, whether is it a current revenue stream, or a position of market [...]  Read more

Onename

In discussing bitcoin we have always emphasized that payment is only one potential application of blockchain technology. The decentralized public ledger is a new protocol that enables a fundamenatlly new class of systems: logically centralized but with decentralized control. What does that [...]  Read more

Bitcoin As Protocol

We owe many of the innovations that we use every day -- from our favorite longstanding websites to the latest mobile applications -- to the existence of underlying highly technical protocols.  Endusers don't need to understand these any more than [...]  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

Introducing Bug Labs

The two things we respect most in an entrepreneur are experience and passion. In entrepreneurship, as in life, they do not always go together. So we are thrilled to be working with Peter Semmelhack, the founder of Bug Labs, our [...]  Read more