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The Carlota Perez Framework

I was reading William’s post on the potential crash in the Bitcoin sector this morning and I thought of Carlota Perez. Longtime readers of this blog will know that I...

My Interview With Carlota Perez

There are many people who should get credit for Union Square Ventures' investment strategy.  The community here at AVC is certainly on that list. But possibly at the top of...

Drinking From The Crypto Firehose

It is my view and our view at USV that the crypto market is in what Carlota Perez calls the installation phase. We believe that we are still putting the...

USV Thesis 3.0

At USV, we are thesis-drivenĀ investors. We state clearly and concisely what we want to invest in and, implicitly, decide not to invest in anything else. That is a good thing...

What Happened In 2017

As has become my practice, I celebrate the end of a year and the start of a new one here at AVC with back to back posts focusing on what...

I Scam Yous

I read a Nathaniel Popper piece in the NY Times today about celebrities endorsing ICOs. It made me want to throw up. Readers know that I have been and continue...

The Hard Raise

In the summer of 2003, Brad Burnham and I set out to raise a $100mm early stage venture capital fund. We had both been successful VCs in other firms and...

In Defense Of Bubbles

There is nothing the tech media and the broader press likes to ask me about more than bubbles. “Is Snapchat a bubble?” “Is Uber a bubble?” “Is Facebook a bubble?”...