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The Founder Resolve

A VC: Musings of a VC in NYC

Facebook went on a year-long effort to become a “mobile-first” company and also acquired Instagram that year. This all happened in Facebook’s first year as a public company. Disclosure: I am a Director of and our family is a large shareholder of Coinbase. Investing in founder-led businesses is comforting to me.

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Founder Led Companies

A VC: Musings of a VC in NYC

I remember about fifteen years ago, a well-known VC said to me “you need to sell a company within a few years of the founder leaving. Companies can’t sustain their innovation after a founder leaves.” However, there is a special something that founders provide companies.

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Taking A Long Term View Of Web3

A VC: Musings of a VC in NYC

As longtime investors in web3 and board members (also individual shareholders) of Coinbase, one of the oldest and best-known companies in the space, we thought we might share some thoughts. These companies and their activities have given web3 a bad name. Web3 is a software-driven innovation that has a built-in financial system.

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Negative Social Proof

A VC: Musings of a VC in NYC

Most of USV’s big wins have been in companies where we were the first institutional VC to talk to the company or where we had way more conviction about the opportunity than other investors at the time of our investment. ” and I replied “I like Coinbase. You can call it negative social proof.

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Coinbase + Tagomi

A VC: Musings of a VC in NYC

Our portfolio company Coinbase announced yesterda y that it will acquire Tagomi to build out its institutional prime brokerage business. Tagomi will bring those kinds of offerings to Coinbase and that will make it easier and better for institutions like USV to trade with Coinbase.

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USDC

A VC: Musings of a VC in NYC

These US Dollar assets are called USDC and they are issued by an industry consortium called Centre , led by Circle and our portfolio company Coinbase. I expect many other companies will join the Centre consortium in the coming months and years. I have been waiting to buy USDC for quite a while.

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Coinbase & Uniswap: How 7 Key Benchmarks Stack Up

Tomasz Tunguz

Coinbase and Uniswap are two of the leading crypto exchanges. The market values COIN, Coinbase’s stock, and UNI, Uniswap’s token at about 3x trailing 12-month revenues. Coinbase and Uniswap generate billions in revenue. Coinbase’s trailing revenue in Q1 2022 approached $7.5b Uniswap recorded $1.7b

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