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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
I’ve been spending a lot of time recently thinking about networks. By networks, I mean groups of people, connected to one another via the Internet, who are able to do things and solve problems together by way of their direct connections to one another. As seemingly obvious as that definition may be, it’s worth focusing on for a second, because I actually don’t think it’s a great word for describing this phenomenon. It either sounds too generic (like “isn’t that just the internet?”), too trivial (“you mean social networks?”), or too much like the older notion of “networking” (in the political / social climbing / career-building sense). And what I’m trying to describe isn’t any of those things. Take the example of my old refrigerator. I don’t need it anymore, so what do I do? Submitting a request on my city’s website for them to haul it away would be using the Internet to solve my problem (and is certainly convenient), but it’s not solving it in a networked way. If that same request could be seen & responded to by anyone (say, a salvage company, or just someone who wanted an old refrigerator), that would constitute operating as a network. Or, music: buying a track on iTunes or Amazon is using the Internet. Joining a room at Turntable.fm where someone is DJing is using the Network. Or, hotels: reserving a room online is using the Internet. Booking someone’s apartment via AirBnB is using the Network. Etc etc etc. As you can see in these examples, acting as a network isn’t just “being on the Internet”, it’s not just about “social networks”, and it’s not just about “networking” in the classical sense. “Acting as a network” is a unique and profound idea. Network dynamics are unlocking enormous creative, societal and economic opportunity, and they’re are also disruptive and threatening to the old way of doing things (hierarchically, via industrial distribution). Yet the terms used to describe it don’t immediately resonate outside of the land of web thinkers. Is there a better way?
I’ve been spending a lot of time recently thinking about networks. By networks, I mean groups of people, connected to one another via the Internet, who are able to do things and solve problems together by way of their direct connections to one another. As seemingly obvious as that definition may be, it’s worth focusing on for a second, because I actually don’t think it’s a great word for describing this phenomenon. It either sounds too generic (like “isn’t that just the internet?”), too trivial (“you mean social networks?”), or too much like the older notion of “networking” (in the political / social climbing / career-building sense). And what I’m trying to describe isn’t any of those things. Take the example of my old refrigerator. I don’t need it anymore, so what do I do? Submitting a request on my city’s website for them to haul it away would be using the Internet to solve my problem (and is certainly convenient), but it’s not solving it in a networked way. If that same request could be seen & responded to by anyone (say, a salvage company, or just someone who wanted an old refrigerator), that would constitute operating as a network. Or, music: buying a track on iTunes or Amazon is using the Internet. Joining a room at Turntable.fm where someone is DJing is using the Network. Or, hotels: reserving a room online is using the Internet. Booking someone’s apartment via AirBnB is using the Network. Etc etc etc. As you can see in these examples, acting as a network isn’t just “being on the Internet”, it’s not just about “social networks”, and it’s not just about “networking” in the classical sense. “Acting as a network” is a unique and profound idea. Network dynamics are unlocking enormous creative, societal and economic opportunity, and they’re are also disruptive and threatening to the old way of doing things (hierarchically, via industrial distribution). Yet the terms used to describe it don’t immediately resonate outside of the land of web thinkers. Is there a better way?
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