We are in a transition from capital scarcity to attention scarcity. That changes everything about how economies work.

Network effects are the most powerful force in technology. Every investment we make at USV starts with that question.

Universal basic income isn't charity. It's infrastructure for a knowledge economy. You can't innovate if you're worried about rent.

Most VCs write blog posts about their portfolios. I write about the future of civilization. I think mine is more useful.

Coinbase was obvious to us because we believed crypto networks would be as important as the internet itself.