USV Investment Thesis Archives | Union Square Ventures

We Are in a Moment Where the Future is Both Wildly Exciting and Highly Uncertain

The acceleration of AI has created a new paradigm of possibilities but also fundamental questions we can’t yet answer. Will we continue speeding towards exponentially… Read more

At USV We Describe Ourselves as a “Thesis-Driven Venture Capital Firm”

For our core fund, we have been investing against Thesis 3.0 for some time. Over the last couple of years, we have been developing a separate Climate Thesis, including… Read more

We Believe We Are Still at the Beginning of the Opportunity to Broaden Access

As a result, we decided to revise our thesis into a third version: USV backs trusted brands that broaden access to knowledge, capital, and well-being by leveraging networks, platforms, and protocols. Read more

“Dangerfield Eliminated Everything from His Act but the Setups and Punchlines”

Alex Halberstadt’s essay on Rodney Dangerfield is a masterclass on how to improve by reduction. Dangerfield worked for decades as a comedian until he figured out the thing, his… Read more

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

Venture Firms Operate a Bunch of Different Ways

Some have a geographical focus, others have a sector focus, still others have a stage focus. Union Square Ventures' focus has evolved into what we call a "thesis" but is probably better… Read more

Our Preference for Early Stage Investing

Most of our investment approach is built on top of our foundation as early stage… Read more

Our Thesis Evolves in a Dialogue

A year ago when we first re-launched our web site as a blog, we did so because we felt that the environment was too volatile for a fixed investment thesis. Instead we suggested that our thesis evolves in a dialogue… Read more