The Ledger
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USV does not vote on investment decisions, relying on consensus
“Well, as a firm, we do not vote. We have a conversation, and that conversation leads to a point where everyone is comfortable with the parameters of an investment”
Andy Weissman: USV's fund structure has not changed in 30 years
“Because what we do is, in a way, we're very conservative in the structure, and we look like this, we look like the same VC, way VC firms looked 30 or 40 years ago. Our structure has not changed at all.”
USV has invested in quantitative funding models like CircleUp and Numerai
“We have made investments in other sectors where we believe the answer to that question may be yes. We've done that in consumer products with CircleUp. We've done it in quantitative hedge type financing with Numeri.”
Andy Weissman: USV operates from one office to keep partners together
“So for example, I believe this is a methodology that works best when everyone is in the same room, so therefore we only have one office.”
Andy Weissman: USV invests in 8 to 10 companies annually
“So we view ourselves, and we don't invest a lot, you know, maybe eight or 10 times a year, so we're long-term, very engaged partners, so that means we reserve full amounts for our companies, and we generally keep investing in them.”