What’s Going On?
A lot, to be honest. It’s Crypto Week in NYC this week.
The last two weeks have been a blur, with so many things happening that I can’t keep up or write about all of them.
But, here are a few
1/ The Rockets ended the sweep nonsense talk going on in the bay area with a trompsing of the Ws last night in Houston. Thank God.
2/ The Celtics are showing how great a job Danny Ainge and Brad Stevens are doing running that team.
3/ Our portfolio company Blockstack launched a Dapp Store yesterday, featuring Dapps across all of the competing chains. When I saw that on Twitter, I said this:
An app store for Dapps across many competing platforms. That’s how the decentralized web rolls https://t.co/tI2d7jelCE
— Fred Wilson (@fredwilson) May 16, 2018
4/ I will spend the day at William and Nick’s Token Summit and will chat on stage with the CriptoKitties folks at 3pm today.
5/ My friend Steven Johnson, who wrote the seminal mainstream piece on blockchain for the NY Times last year, and I are going to talk crypto tonight at the NY Hall Of Science. Talking with Steven is one of my favorite things to do.
6/ We have completed our Employee Equity Project and are now vetting the data with the USV portfolio companies before publishing it more widely. But I can tell you that the salary multiples that I shared in 2010 in the original Employee Equity – How Much? blog post have risen at least 3x since over the last eight years. I have added a note to that original blog post alerting readers that the multiple table in that post is not accurate anymore.
7/ The Gotham Gal pointed out on her blog yesterday that buying convertible notes in angel rounds delays the start of the clock ticking on the QSBS capital gains exclusion. A great point and one that I have not seen made in the ongoing argument to “convert those notes!”.
8/ Paul Vigna of the WSJ and co-author of a great book on crypto interviewed me and Balaji Srinivasan, CTO of Coinbase, on stage at Consensus yesterday. It was a fun talk, featuring a high five between us at one point. The video will be online at some point soon and I will blog it. But until then, here’s a fun drawing of the talk.
USV TEAM POSTS:
Lauren Maz — May 16, 2018
The Mosaic Series at Yieldmo
Albert Wenger — May 16, 2018
Uncertainty Wednesday: Updating (Intro)