From Crypto-Native to Crypto-Enabled
I’m not one to make big annual predictions, but one thing that seems likely to me is that 2024 will mark the emergence of mainstream apps powered by ...

Bitcoin as Battery
One of my favorite things about crypto is that, every so often, your conception of what it is changes.Bitcoin at first was "weird internet money...

The Butter Thesis
At USV, we talk a lot about our investment thesis. The USV thesis is a set of ideas that has guided our investing over the years. It is a tool we u...

Subscribe to The Slow Hunch by Nick Grossman
Investing @ USV. Student of cities and the internet.
Share Dialog
Over the past few weeks, the future of the open internet has come into sharp focus, as the FCC’s 2010 open internet rules were struck down in court, and then plans for new rules from the FCC came into public view. Amidst fears that the internet is f**ked, debate has raged about what this all means for internet users, entrepreneurs and investors. Today, we are joining a group of about fifty over 100 VCs and angel investors to voice our concern to the FCC as they consider how to proceed -- specifically, regarding the impact that we expect a retreat from open internet rules to have on internet innovation. It’s undeniably clear that the Internet has been an insanely fertile platform for innovation and investment over the past ten years. It’s less well understood that during that time, internet access providers have operated under a de-facto state of open internet policy (dating from this 2005 FCC memo), even before the 2010 formalized open internet rules were announced. This open market environment has made it possible for tiny startups to build global platforms. For example, it allowed Foursquare to get to 100,000 users on $25,000 dollars and Tumblr to reach millions before they hired their 10th employee. They were able to compete on equal terms with the largest incumbents, and gain the love of users purely on the merits of their service. And we’ve seen how the shift in the mobile landscape from a carrier-controlled market to an app platform market, with the launch of the iPhone in 2007, has blown open the mobile market for innovation and investment. We’ve also seen how, as mobile app platforms exert more control and restrict access to the market,
Over the past few weeks, the future of the open internet has come into sharp focus, as the FCC’s 2010 open internet rules were struck down in court, and then plans for new rules from the FCC came into public view. Amidst fears that the internet is f**ked, debate has raged about what this all means for internet users, entrepreneurs and investors. Today, we are joining a group of about fifty over 100 VCs and angel investors to voice our concern to the FCC as they consider how to proceed -- specifically, regarding the impact that we expect a retreat from open internet rules to have on internet innovation. It’s undeniably clear that the Internet has been an insanely fertile platform for innovation and investment over the past ten years. It’s less well understood that during that time, internet access providers have operated under a de-facto state of open internet policy (dating from this 2005 FCC memo), even before the 2010 formalized open internet rules were announced. This open market environment has made it possible for tiny startups to build global platforms. For example, it allowed Foursquare to get to 100,000 users on $25,000 dollars and Tumblr to reach millions before they hired their 10th employee. They were able to compete on equal terms with the largest incumbents, and gain the love of users purely on the merits of their service. And we’ve seen how the shift in the mobile landscape from a carrier-controlled market to an app platform market, with the launch of the iPhone in 2007, has blown open the mobile market for innovation and investment. We’ve also seen how, as mobile app platforms exert more control and restrict access to the market,
From Crypto-Native to Crypto-Enabled
I’m not one to make big annual predictions, but one thing that seems likely to me is that 2024 will mark the emergence of mainstream apps powered by ...

Bitcoin as Battery
One of my favorite things about crypto is that, every so often, your conception of what it is changes.Bitcoin at first was "weird internet money...

The Butter Thesis
At USV, we talk a lot about our investment thesis. The USV thesis is a set of ideas that has guided our investing over the years. It is a tool we u...
Share Dialog
>1.2K subscribers
>1.2K subscribers
No activity yet