Investing at the Edge of Large Markets Under Transformative Pressure

Union Square Ventures turns 20 this year. Brad and Fred began to deploy the first USV fund in 2004. The dot com bubble had recently popped, mod...

Investing at the Edge of Large Markets Under Transformative Pressure Union Square Ventures turns 20 this year. Brad and Fred began to deploy the first USV fund in 2004. The dot com bubble had recently popped, modern smartphones hadn’t been invented, “social media” wasn’t a thing, and the first bitcoin transaction wouldn’t be recorded for another 5 years. Since then, we have raised and invested a total of 14 funds (8 “Core” early stage funds, 2 early stage Climate Funds, and 4 Opportunity Funds), and have made more than 230 investments across many categories & technologies: social media, market

related reading

• About Union Square Ventures | Union Square Venturesusv.com
• USV Thesis 2.0 | Union Square Venturesusv.com
• “Build What’s Fundable” - by Kyle Harrison - Investing 101investing101.substack.com
• A(Junior)VCwhoo.ps
• 2022 Annual Letter - Chamath Palihapitiyachamath.substack.com
• Investment Thesis @USV | Union Square Venturesusv.com
• a16z: The Power Brokers - Not Boring by Packy McCormicknotboring.co
• Go Big or Go Broke – The Middle Ground is Gonelinkedin.com
• USV Thesis 3.0 | Union Square Venturesusv.com
• Heat Death: Venture Capital in the 1980s | Reaction Wheelreactionwheel.net
• 2024 Annual Letterchamath.substack.com
• Stop playing the mark up gamex.com