
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...
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 ...
You Never Know When You've Had a Good Day
Many years ago, when I had just started working at USV, I remember there was kind of a complicated situation that unfolded in a seemingly bad way, and I'll never forget what Brad said in response. He said:you never know when you've had a good dayI didn't really understand what that meant, so he told me a story that went something like: back around the year 2000 at the height of the dot-com boom, there was a guy who was a senior exec at a successful startup. That person had a falling out with ...

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...
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 ...
You Never Know When You've Had a Good Day
Many years ago, when I had just started working at USV, I remember there was kind of a complicated situation that unfolded in a seemingly bad way, and I'll never forget what Brad said in response. He said:you never know when you've had a good dayI didn't really understand what that meant, so he told me a story that went something like: back around the year 2000 at the height of the dot-com boom, there was a guy who was a senior exec at a successful startup. That person had a falling out with ...
Share Dialog
Share Dialog
One of my favorite things to do is get my hands into something and figure out how it works, whether that's an app, or a gadget, or a house.
For example, over the past few months I have been renovating our basement, turning an unfinished, dank storage area into a playroom for the kids. Here is my friend Ned, and my son, as we were pouring the new concrete floor over the summer:

I get completely enraptured by a project when my hands are into it. There are so many details to figure out, and enjoying the final result, when you know exactly how much work went into it, is so satisfying.
Perhaps most importantly, getting hands on with anything is (for me at least) the best way to learn. When I learned programming, it was in the context of building apps and websites with friends -- I learned as I went, and got deeper and deeper and deeper. Same goes for every single thing I've learned over the years (deeper in tech, legal, investing, crypto, etc). The more hands-on I am, the more fun I have, and the more I learn.
I have been thinking about this in the context of investing. Looking back over the years, at the times when I have felt the strongest sense of conviction about an opportunity, it's the times when I was the most hands-on that I felt it the strongest.
At USV, we try to be users of every new platform that we invest in (in some cases this is easier than others). It is easy to say that, but also easy to forget it sometimes, especially in areas that are really new. But there is just no substitute for approaching things that way, for me at least.
One of my favorite things to do is get my hands into something and figure out how it works, whether that's an app, or a gadget, or a house.
For example, over the past few months I have been renovating our basement, turning an unfinished, dank storage area into a playroom for the kids. Here is my friend Ned, and my son, as we were pouring the new concrete floor over the summer:

I get completely enraptured by a project when my hands are into it. There are so many details to figure out, and enjoying the final result, when you know exactly how much work went into it, is so satisfying.
Perhaps most importantly, getting hands on with anything is (for me at least) the best way to learn. When I learned programming, it was in the context of building apps and websites with friends -- I learned as I went, and got deeper and deeper and deeper. Same goes for every single thing I've learned over the years (deeper in tech, legal, investing, crypto, etc). The more hands-on I am, the more fun I have, and the more I learn.
I have been thinking about this in the context of investing. Looking back over the years, at the times when I have felt the strongest sense of conviction about an opportunity, it's the times when I was the most hands-on that I felt it the strongest.
At USV, we try to be users of every new platform that we invest in (in some cases this is easier than others). It is easy to say that, but also easy to forget it sometimes, especially in areas that are really new. But there is just no substitute for approaching things that way, for me at least.
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