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Updated: 7 hours 23 min ago

Instant Covid Tests

August 4, 2020 - 5:18am

We are now approaching five months into the Covid pandemic in the US. The world is more like six or seven months in. And while we wait for vaccines and/or therapeutics to end it, we are left with social distancing, mask wearing, testing, and tracing. These tools can and do work well if used rigorously and ubiquitously.

As we prepare to return to NYC in the fall, I am curious about the state of small and portable diagnostic technologies that can deliver an accurate and “real time” result cost effectively. I am thinking of something like a pregnancy test.

There are many things that would benefit from such tests. Schools could be more agressive about re-opening if everyone (teachers and students and staff) could be tested every morning on the way in the door. Offices could re-open too. So could stores and other local businesses.

And it would be easier to go see friends and family if you arrive at their front door with a test in hand and get a negative result before walking in the door.

I know that there are a number of companies working on such tests. What I don’t know is the status of these efforts, how soon they can come to market, and what they will cost. The less expensive the better obviously.

If you know anything about these technologies, please hit the “Discuss On Twitter” button below and share it with all of us. If you want to see what has been shared, hit the “View Discussions” button. If you are reading via email, go here to see these buttons and hit them.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

The Dog Days Of Summer

August 3, 2020 - 4:50am

We are officially in the dog days of summer when vacations and the heat and humidity cause things to slow down.

It used to be true that companies would put financing efforts on hold in late July and August and return to “the market” after labor day.

In recent years, that summer slowdown has not happened as much and we have advised our portfolio companies to keep raising during the summer doldrums.

This year will be interesting as many founders and investors have been working remotely for five months now. Will that change anything this summer?

It is possible that everyone needs a break and things will slow down this month. But I kind of doubt it. This has been a crazy and unpredictable year but the one thing that has been true throughout the year is that the capital markets are working overtime and I suspect that will be true during the dog days of summer too.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

Funding Friday: The Last Fair Deal

July 31, 2020 - 4:31am

Playing cards and listening to the blues is the perfect combo and this deck of cards celebrates that.

I backed this project immediately when I saw it this morning.

It has five days to go and is 70% of the way to its goal. If you love cards and the blues, check it out.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

Repost: Open Up Vs Break Up

July 30, 2020 - 5:37am

I was in a board meeting for most of yesterday so I did not watch the theatrics on Capitol Hill. William told me that there were many calls for breaking up the big tech companies. So I thought I would repost this which I wrote about a year ago.

There have been many calls to break up the large Internet monopolies; Amazon, Google, Facebook, Apple, etc.

Breaking up a large monopoly feels like a very 19th/20th century move to me.

I would prefer that politicians and policy makers think about opening up as the better intervention.

A good way to explain this is to go back to the architecture that Twitter used in its early days when there were many third-party Twitter clients. Imagine if Facebook, Instagram, Twitter, LinkedIn, etc were protocols, not applications, and there were many high-quality clients to participate in these networks.

Then the clients could innovate on things like content filtering, promotion of high quality content, business model, etc

If we are going to “break up” these large social media platforms, I would urge elected officials and regulators to think about pushing them to move from platforms to protocols instead of just ripping them apart.

We could do the same thing with search. Our portfolio company DuckDuckGo has built a nice search business by building a different user interface on top of one of the two leading search indexes. If we made it easier and reliable for others to innovate on top of the core search engine, then there might be many more options in search.

In mobile, a good first step is to open up the app stores and allow the browsers to have the same access to the operating system as native mobile apps.

In commerce, if I could checkout as easily everywhere as easily as I can on Amazon, there would be more competition for my shopping dollars.

I think you get the idea. It is very true that the big Internet services have built centralized monopolies and have consolidated their market positions. We do need more competition in these core services. And the best way to do that is to force them to open up their services, not break them up.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

Is This One For Real?

July 29, 2020 - 5:31am

Crypto has been on a tear in the last week.

Bitcoin is up 18% in the last seven days:

Ethereum is up over 30% in the last week:

But this isn’t the first time we’ve had a bullish run in crypto since the bear market started in early 2018.

If you look at the total market cap of all crypto tokens you can see that this bear market has had several moves up followed by downward price action:

So why will this time be any different? I certainly don’t have a crystal ball, but there are some underlying factors in this run-up that make me think it might be different this time:

1/ There is real fundamental activity in the decentralized finance sector where lending, borrowing, staking, swapping, and yield optimization are all growing significantly in recent months. This chart of the activity on the Uniswap liquidity network is indicative of that:

Categories: Blog articles

Entrepreneurship And The Climate Crisis

July 28, 2020 - 5:29am

Vinod Khosla penned a fantastic blog post this week outlining how a few entrepreneurs have made a material impact on clean energy and reducing our collective carbon footprint in the last decade and how a few more can move the needle even further in the next one.

Vinod starts off with this statement:

12–15 entrepreneurs, driven by entrepreneurial energy and passion for a vision, and a little bit of luck, could change the climate crisis into societal transformation

This is music to our ears as USV has started to back climate-focused entrepreneurs. I hope that we can back one or two of these 12-15 innovators in the coming years. That would be great for society and great for USV too.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

The Startup Community Way

July 27, 2020 - 4:21am

My friend Brad Feld has updated his excellent book on startup ecosystems called Startup Communities. The updated and expanded book is called The Startup Community Way and it is available for pre-order on Amazon. The book comes out tomorrow so you won’t have to wait long for it.

The timing of this book is excellent. The pandemic has shown that you don’t have to live and work in any particular place to be productive and innovative.

This suggests to me that we will see tech entrepreneurship and innovation move even more broadly around the US and around the world this decade and The Startup Community Way can be a playbook for how to make that happen.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

Funding Friday: The Steamchasers

July 24, 2020 - 4:24am

I am a big believer in the saying “you can’t be what you can’t see.” And I have spent a lot of time and energy finding ways for young people to see careers in science, technology, and innovation so that they can put themselves on a course to have one themselves.

I came across a series of books for kids called The Steamchasers on Kickstarter today. These are books about a group of kids, The Steamchasers, who take a scavenger hunt through town finding the contributions Black Americans have had to our everyday lives in the areas of Science, Technology, Engineering, Art, and Math. The first and second books in the series are available on Amazon.

The third edition is being funded on Kickstarter right now and I backed it this morning.

For those of you reading on the web, here is the video. If you are reading on email, you can watch the video here.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

Headgum and Gumball

July 23, 2020 - 6:03am

Podcasts have emerged as a major new category in media/entertainment/news/education etc. We have seen huge deals for big podcast hosts like Bill Simmons and Joe Rogan, both of whom did transactions with Spotify for nine-figure amounts. But as Spotify (and surely others to follow) lock-up top podcast content to strengthen their subscription offerings, we stand to lose something awesome about podcasts which is the ability to listen to them for free on any platform we choose.

But the counter weight to this trend is the growing size of the “live reads” ad market. This is when a podcast host reads out an advertisement on the show. This has been a staple of talk radio for many years. I remember Howard Stern doing live reads for LoJack back when Howard was on CBS Radio. Live reads are powerful and a form of influencer marketing. If you love Howard and he waxes eloquently about LoJack, you love LoJack. Or so it seems.

The live reads ad market for podcasts was in excess of $700mm in 2019 and seems headed to a multi billion dollar ad market in the coming years. So there is certainly a lot of money out there for podcast hosts who want to stay free and independent, or are emerging and building an audience.

And that is where Gumball comes in. Gumball is a marketplace where advertisers post live read ads and podcasters pick them up and read them on their shows. Ad-buying opportunities within podcasts have historically been manual and limited, not unlike the process of purchasing web ads pre-2000. As podcasts continue to gain market share, Gumball’s self-serve ad marketplace has the opportunity to be as transformative to the podcast industry as Google Adwords was for web ads. 

Gumball is a subsidiary of the Headgum podcast network. Headgum is a network of owned and operated comedy podcasts as well as third party podcasts that join the Headgum network for distribution and monetization (via Gumball).

USV has been looking for an opportunity to invest in podcasting that fits with our thesis and we found it with Headgum and Gumball. We like the way that Headgum’s owned and operated content, its Headgum network content, and its monetization platform Gumball all fit together and enhance each other. We made an investment in Headgum recently and blogged about it on the USV blog this morning.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

Open Source Exposure Alerting Apps

July 21, 2020 - 6:35am

The Linux Foundation announced its Linux Foundation Public Health initiative yesterday.

They are starting with two open-source exposure alerting apps called Covid Shield and Covid Green. These are two apps that use the Google Apple Exposure Notification (GAEN) infrastructure. The codebase for both apps has been open-sourced.

The Linux Foundation had this to say:

“To catalyze this open source development, Linux Foundation Public Health is building a global community of leading technology and consulting companies, public health authorities, epidemiologists and other public health specialists, privacy and security experts, and individual developers,” said Dan Kohn, LFPH general manager. “While we’re excited to launch with two very important open source projects, we think our convening function to enable collaboration to battle this pandemic may be our biggest impact.”

https://www.prnewswire.com/news-releases/tech-leaders-and-health-authorities-from-around-the-globe-collaborate-to-combat-covid-19-301096039.html

Countries, states, public health organizations, etc can build on these open source code bases to create exposure alerting and other apps that can help with the Covid pandemic and potentially other public health issues going forward.

I quite like how this is playing out. Google and Apple have built the base level infrastructure, the open source community is coming together to build the application level code base, and governments and public health organizations can take all of that and put applications into the market.

I am hoping we will see applications built this way coming to market in the near future.


USV TEAM POSTS:

Nick Grossman — Jul 31, 2020
Hardware-based Identity

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Categories: Blog articles

Landline Phones

July 20, 2020 - 1:46pm

I know so many people who don’t have landline phones. They simply have their cell phone and use it for everything.

But I also know a lot of people who are working from home (or a rented place, a vacation home, etc) right now and struggling with their cell phone reception and other issues.

I grew up in a time before cell phones and have always had a landline phone. I still use a landline phone. But I have used the power of voice over IP (VOIP) and the cloud to make landline phones work better for me and I thought I’d share that “hack” with all of you.

I’ve ported all of the landline numbers I’ve had over the years to the cloud and host them in a cloud-based PBX called Onsip.

I then use a VOIP phone (my favorite right now is a DECT-based VOIP phone from Yealink) to connect to one or more of those numbers in the cloud.

That way, my landline phone number can follow me from my office, to my home, to my Airbnb, to my wherever.

This also allows us to have different numbers; a home number, a work number, multiple work numbers, and even a number that only a few people have (which I like to call “the batphone”).

If you would like to combine the reliablility of a landline phone with the mobility of a cell phone, try a cloud based PBX and VOIP phones. It’s a great combination and works great for us.


USV TEAM POSTS:

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Nick Grossman — Jul 27, 2020
The Beauty of Focus

Hanel Baveja — Jul 23, 2020
Headgum

Categories: Blog articles

Funding Friday: Skin Deep

July 17, 2020 - 6:29am

This animated short film project showed up in my Kickstarter feed this week and I backed it right away. It’s about kids learning to love who they are. It is a message that we all need to hear right now.


USV TEAM POSTS:

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Nick Grossman — Jul 27, 2020
The Beauty of Focus

Hanel Baveja — Jul 23, 2020
Headgum

Categories: Blog articles

When Do I Create A Board?

July 16, 2020 - 6:24am

I’ve been asked this question a bunch in the last few weeks in response to my post about more diversity on Boards.

My answer to this question is simple.

A Company should have a Board the day it is formed. The Board should contain one Founder (or possibly two) and at least two independent Directors.

I know that many founders want to control their Boards for as long as possible. I would prefer to see a Founder give up control right away but place control in the hands of independent Directors they nominate. That way they can be comfortable that the independent Directors will have both their interests and the Company’s interests at heart.

This will also make it a lot less likely that the Investors will eventually control the Board as the Board will have institutionalized the notion of independent Directors early on and ideally they will remain the majority of the Board forever.

Finally, it’s a great idea to pick diverse candidates for those independent seats day one. Diversity means “not like us” so it could mean gender diversity, racial diversity, industry diversity, experience diversity, or ideally more than one of those things.


USV TEAM POSTS:

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Nick Grossman — Jul 27, 2020
The Beauty of Focus

Hanel Baveja — Jul 23, 2020
Headgum

Categories: Blog articles

Not So Hyperactive

July 15, 2020 - 3:53am

I wrote a blog post last week in which I said:

The second quarter of 2020 is now behind us and we will see the data on it soon. I suspect what we will see is a very active venture capital market, quite the opposite of what was initially expected.

Well the data is out and its not quite as active as I had thought.

Venture deal activity slowed in the second quarter, with $34.3 billion invested across 2,197 deals, a 23% decline in deal count compared to the second quarter of 2019 but only down slightly from 2,298 venture capital deals in the first quarter of this year.

Notable among the figures was a slump in seed deals to 315 in the quarter, way down from an average of 650 deals per quarter over the last year. Angel rounds were roughly steady by comparison in the quarter. The dropping investment in seed rounds is attributed to investors re-evaluating their portfolios and shoring up balance sheets for the quarters to come.

Standing out in the data is a trend for investors to double down on portfolio companies, with follow-on financing activity heavily outweighing first-time financing in the quarter. Likewise, there has not been a drop in late-stage activity as deal count tracked at a higher pace than 2019.

In the quarter there were 57 late-stage megadeals, those of more than $100 million. That brought total megadeals to more than 100 this year, on track to surpass the 175 megadeals closed in 2019. The report notes that some of those deals can be attributed to startups experiencing newfound growth amid the pandemic, while others were forced to raise additional funds to weather the economic turmoil.

https://siliconangle.com/2020/07/14/venture-capital-drops-due-covid-19-second-quarter-started-recover/

So Q2 was down from Q2 2019 but almost flat with Q1 2020. The most interesting thing is that Q2 had a very slow start and a very strong finish.

Different segments of the venture capital market fared differently to others with the biggest overall slump occurring in April amid lockdowns across the U.S. The report notes that through April and into early May, many venture capital firms exercised caution, triaging and focusing primarily on stabilizing their own portfolio companies. But investment started to pick up again by mid-May.

https://siliconangle.com/2020/07/14/venture-capital-drops-due-covid-19-second-quarter-started-recover/

That squares with what I have seen, although USV was quite busy throughout the entire quarter.

The strong finish to Q2 bodes well for the remainder of the year and I think for the most part the venture capital sector is very much open for business in the midst of this pandemic.


USV TEAM POSTS:

Andy Weissman — Jul 28, 2020
Meet Cute (or, one way to create a new media business)

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Nick Grossman — Jul 27, 2020
The Beauty of Focus

Hanel Baveja — Jul 23, 2020
Headgum

Categories: Blog articles

Reading On Paper

July 14, 2020 - 8:14am

I’m staring at a pile of paper on my desk that is my stack of things I found on the Internet that I want to read.

It’s a bit ironic to write this on a blog, but if I come across something on my computer or phone that is longer than a page or two, I print it out and read it on paper.

I have found that when I read on a computer screen or phone, I tend to skim. That’s fine for a short email or a short blog post (as this will be).

But it is not great for an eight page blog post, a white paper on a new crypto project, or a memo from one of my colleagues or portfolio companies.

When I read on paper, I often will use a pen to underline or mark-up the document. I find that leads to better comprehension and retention of the concepts.

I’ve noticed that our children, all of whom are in the mid to late 20s, also read books in paper form and mark them up when reading them. So while reading on paper may be a generational thing, I believe it is also a valuable technique for all ages and all generations.


USV TEAM POSTS:

Albert Wenger — Jul 27, 2020
The Threat of a Trump Dictatorship

Nick Grossman — Jul 27, 2020
The Beauty of Focus

Hanel Baveja — Jul 23, 2020
Headgum

Categories: Blog articles

Haggling

July 13, 2020 - 5:05am

Growing up, I thought the price asked was the price. The only decision was whether or not you wanted to pay it.

As I moved into adulthood, started hanging out with the Gotham Gal and a bunch of friends, and entered the world of business, I learned that the price was what you agreed to pay for something, not what was asked.

When I started out in VC in the mid 80s, the investors usually started the price negotiation. The founder would come in and pitch, and if the investors liked what they heard, an offer would be made.

It is very different now. Founders have an asking price when they walk in the door. And often VCs treat that asking price like I treated prices as a kid. The only decision is whether or not you want to pay it.

The reason for this is that the VC market is highly liquid and there are many buyers out there. Investors understand that even if they won’t pay the asking price, someone will. And so they treat it like it’s “take it or leave it.”

But I am not a fan of that approach. I prefer to have a discussion about the asking price. If a founder says they are thinking of raising $10mm for 20% of the Company, I like to reply with something like “We were thinking of $6mm for 20%”, thereby setting up a discussion of the price.

It doesn’t always work. Many founders reply with something like “I’ve got term sheets at that price already” which basically means “take it or leave it.”

But even then, I have found there is a way to have a price negotiation if both sides are looking to do business with each other.

The key is doing it respectfully and honestly. I feel like the sooner you have the price conversation the better. The worst thing is dragging a founder along in a process with them thinking you are at their price when you are not.

Negotiation is an important part of any business transaction. It reveals something about both parties and helps them understand each other and decide if they want to work together. I would encourage everyone to seek a negotiation and engage in it enthusiastically. Doing a deal without a negotiation feels like a missed opportunity to me.


USV TEAM POSTS:

Albert Wenger — Jul 24, 2020
A Catalog of Excuses

Hanel Baveja — Jul 23, 2020
Headgum

Categories: Blog articles

Funding Friday: Ameelio

July 10, 2020 - 5:38am

Ameelio is a nonprofit tech company seeking to break the prison communications monopolies and provide free communication solutions for prisoners and their friends and families. They have a Kickstarter project up right now and I backed it today.


USV TEAM POSTS:

Hanel Baveja — Jul 23, 2020
Headgum

Albert Wenger — Jul 21, 2020
Help Stop Fascism

Categories: Blog articles

Reviewing The CEO’S Performance

July 9, 2020 - 5:04am

The CEO is an interesting case when it comes to performance reviews. They manage an entire company and they specifically manage the senior leadership team. They do not have a single reporting supervisor. They report to a Board. And that Board may, like the team they manage, have differing views on their performance.

Also, some executives are strong at managing down but weak at managing up. And the reverse is often true, where an exec is great at managing up but weak at managing down.

A failure mode I have seen in CEO reviews is when a Board thinks a CEO is doing well but they are not and that CEO gets a strong review. I’ve seen the opposite when a CEO manages up poorly but down well and they receive a weak review from the Board.

Given all of that, this is what I have learned to do.

1/ Schedule a CEO review cycle with a regular frequency and stick to it.

2/ Review compensation at the same time that performance is reviewed. If performance is reviewed more than once a year it is fine to only review compensation on the annual review cycle. Do not review compensation without doing a performance review at the same time.

3/ Have a third party (a CEO coach or some other skilled facilitator) interview all of the CEO’s direct reports and all of the Board members.

4/ I like to have the facilitator interview the direct reports first and provide that data to the Board prior to interviewing the Board members. This ensures that the CEO’s performance inside the Company informs and colors the Board members’ feedback. This is the best way I have learned to mitigate the “manage up well, manage down poorly” issue.

5/ The third-party facilitator compiles a review report and shares it with one or more Board members. If there is a Board Chair, she should be part of this part of the process.

6/ The Chair and possibly one other Board member (the Comp Chair if there is one) meet with the CEO, go over the performance review in detail, and then address compensation in light of the review.

This is a time intensive process and must be done thoroughly and with care. The stronger and more experienced the third party facilitator is, the better. You cannot skimp on this work. It might be the single most important thing a Board does on an annual basis.

Feedback is so important to ensure that a leader develops in the role and functions at a high level. In my experience, CEO feedback is often an afterthought because no single person owns the responsibility. If there is a Board Chair, she owns this. But otherwise, it can be a shared responsibility that falls through the cracks.

As Board members, we can’t let that happen. We owe it to the CEOs we work with to give them clear, regular, and accurate feedback. And this process (above) works well to do that.


USV TEAM POSTS:

Hanel Baveja — Jul 23, 2020
Headgum

Albert Wenger — Jul 21, 2020
Help Stop Fascism

Categories: Blog articles

Hyperactive?

July 8, 2020 - 4:49am

When the pandemic started, the conventional wisdom was that the capital markets would take a beating, including the venture capital market for startup capital.

The second quarter of 2020 is now behind us and we will see the data on it soon. I suspect what we will see is a very active venture capital market, quite the opposite of what was initially expected.

There are a number of reasons that I think we will see that.

First, venture capital firms raise funds and it is our job to put them to work. If we see interesting opportunities, it is our job to invest in them. We are not paid to hoard the cash.

Second, the stock market for tech companies has been on a tear in the last three months and that weighs on the minds of investors. A bullish stock market leads to a bullish venture capital market.

Third, the pandemic showed that software based businesses, e-commerce, software infrastructure, and other sectors popular in startups and venture capital are resilient and attractive right now.

Fourth, sitting at home all day, not being able to travel, not being able to socialize, creates an efficient work environment for many (but certainly not all).

And finally, there are so many great founders out there coming up with excellent business ideas. The pandemic has not slowed that down. If anything, it has sped it up.

It is possible that some sectors of the venture capital market have slowed. Some areas which have attracted big growth investments over the last few years were quite negatively impacted by the pandemic and I would imagine we will see parts of the growth market negatively impacted as a result.

But looking back on the second quarter of 2020, what I see is a hyperactive venture capital market firing on all cylinders. And that is good news for founders and innovation.


USV TEAM POSTS:
Categories: Blog articles

Doubling Up

July 7, 2020 - 5:42am

Regular AVC readers may have noticed that after blogging about my once a day routine, I posted twice yesterday.

What happened is that I had been planning on blogging about Summer Bridge, a project we’ve been working on for the last few months, first thing Monday morning after the July 4th holiday.

But when I woke up, I had a DM from my friend Jonathan with some data about the content on AVC over the years and got excited to share it and did.

A colleague reminded me about doing the Summer Bridge post and so I published as planned mid-morning.

For those that may have missed my post about Summer Bridge, it is a new youth summer employment program for the neediest kids in NYC. It is a virtual/remote internship program that runs most of the month of August. The City and State are providing the stipends and companies provide remote “workplace challenges” for the kids.

USV is planning a workplace challenge around finding interesting startups working to address the climate crisis. I am excited to work with our teenage interns on that project next month.

If your company wants to work on an interesting problem with inner-city youth this summer, please consider participating in Summer Bridge. You can sign up here.


USV TEAM POSTS:
Categories: Blog articles