Thinks 579

The Generalist writes about Union Square Ventures’ three theses for investing through the years: “Thesis 1.0. Large networks of engaged users, differentiated through user experience, and defensible through network effects. Thesis 2.0. As the market matures, we look for less obvious network effects, infrastructure for the new economy, and enablers of open decentralized data. Thesis 3.0. Enabling trusted brands that broaden access to knowledge, capital, and well-being by leveraging networks, platforms, and protocols.”

Scott Galloway: “When you start a business in a recession, it’s cheaper — everything from real estate to employees to technology is less expensive. It sounds kind of counterintuitive, but building a business during a recession stress-tests the quality of the business early. It’s like when you want soldiers who have been through combat — a business that starts in a recession, if it survives a recession, it kind of battle-tests that it’s a viable business. Then you have the winds of recovery at your back. And coming out of a recession, companies and consumers re-evaluate their purchases and are much more open to new ideas and new vendors.”

Maria Bustillos: “Blockchain, the technology that makes cryptocurrency possible, has the potential to be just as transformative as the internet innovations on which we depend every day, and industries like supply chain management, finance and pharma have already begun to find uses for it. It’s possible to imagine a future where you might look up the fate of every tax dollar you’ve paid, and government corruption becomes all but impossible; where beautiful and important stories and music, games and art would never disappear from the internet; where, instead of being forced to rely on a big power company, you might buy and sell surplus solar energy from or to your own neighbors, and never face another blackout. Wherever tamper-proof, independent record-keeping is needed, blockchain could keep all the receipts, available and safe, for anyone to see.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.

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