
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
Dani and I have been spending a bunch of time recently thinking about the relationship between applications and infrastructure. It's a little bit of a chicken and egg situation. You need infrastructure to build apps, but often times you don't really know what kind of infrastructure is needed until you build some apps.
For example, we didn't get AWS (the infrastructure) until we had Amazon (the app). Often times, the early innovators need to build all the infrastructure themselves in order to build the app they want to build. And then that helps lead the way for the next generation of infrastructure: taking what was built for a killer app and offering it up to everyone.
One of my favorite books is Steven Johnson's Where Good Ideas Come From -- punchline is: innovation is typically not a single "eureka" moment, but rather an accumulation of many years of cumulative discovery. This blog is an example of one of my favorite ideas in the book, the "slow hunch" reinforced by the "commonplace book". Another idea from the book is the Adjacent Possible: essentially, that we can innovate only with what we can see and touch today. But by innovating at today's edge, we continually stretch the boundary of what's possible:
The strange and beautiful truth about the adjacent possible is that its boundaries grow as you explore them. Each new combination opens up the possibility of other new combinations.
For more on how this concept applies not only to "web 3" (crypto/blockchains) but how it played out looking back at the history of technology (internet 2.0, planes, cars, etc), here is our post.
Dani and I have been spending a bunch of time recently thinking about the relationship between applications and infrastructure. It's a little bit of a chicken and egg situation. You need infrastructure to build apps, but often times you don't really know what kind of infrastructure is needed until you build some apps.
For example, we didn't get AWS (the infrastructure) until we had Amazon (the app). Often times, the early innovators need to build all the infrastructure themselves in order to build the app they want to build. And then that helps lead the way for the next generation of infrastructure: taking what was built for a killer app and offering it up to everyone.
One of my favorite books is Steven Johnson's Where Good Ideas Come From -- punchline is: innovation is typically not a single "eureka" moment, but rather an accumulation of many years of cumulative discovery. This blog is an example of one of my favorite ideas in the book, the "slow hunch" reinforced by the "commonplace book". Another idea from the book is the Adjacent Possible: essentially, that we can innovate only with what we can see and touch today. But by innovating at today's edge, we continually stretch the boundary of what's possible:
The strange and beautiful truth about the adjacent possible is that its boundaries grow as you explore them. Each new combination opens up the possibility of other new combinations.
For more on how this concept applies not only to "web 3" (crypto/blockchains) but how it played out looking back at the history of technology (internet 2.0, planes, cars, etc), here is our post.
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