Mignano: Small venture funds must focus deeply on a few thesis areas
Mike Mignano · Why Now is the Time for the App Layer | Why Startups Should be TokenMaxxing | Mike Mignano, USV · 20VC with Harry Stebbings · Jul 6, 2026 · at 37:46
Mike Mignano, General Partner at Union Square Ventures (USV), explains how USV's thesis-driven sourcing strategy differs from larger venture firms like Lightspeed.
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“And I think when you're small, you kind of have to pick Your spots. You have to have constraints and focus on a small number of things, and so I think to the extent that we see things different, it's because we focus really, really deeply, and for a period of time, we may only look at a couple of different areas that we have theses on.”
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