fredwilson

So much?

All of it

yes, without all of downsides of traditional DRM solutions

that is not accurate. we did not invest in Uber because we passed on the opportunity in the Srs B.

my comments about Uber have nothing to do with that decision, which sure looks foolish in hindsight.

my comments are more about what i think is going on now.

i hope that clarifies things

Yup

Yes

Thanks for laying all of this out. I guess we will have to do more of this to get this crew here to understand what I'm trying to explain

This is not a pro VC argument. You may want to believe that. But that's not what I'm trying to say

I wrote this from the heart. You can ascribe whatever agenda you want to believe. But I wrote this for founders and it is based on thirty plus years of working with founders. I don't want to see them get screwed and notes screw them over a lot

we (USV) are the VCs who invested in DDG. we are very patient. and are happy to wait and see where this goes. this was a very small investment for us so there is no pressure on them from us.

it asks a question. or several. so i can learn. it was not designed to say anything. it was designed to stimulate conversation so i can learn and others can learn alongside of me.

i pimp everything, so i guess that means everything is a dud. i am an equal opportunity pimper. i plan on pimping again tomorrow on AVC

i accept your criticism even though i don't agree with it. but i can assure you that i have not hosted any obama dinners :)

yup. that is all i wanted to say. i agree with the president.

I agree and we are betting on that with the investments we've made in the past four or five years since we stopped making broad horizontal investments

But I feel that even more dramatic upside is available in the less developed world

my blog is my public diary. i write it for myself for the most part. if people choose to read it, that's their choice.

Benchmark has been on a tear in VC not seen since KP did it in the mid/late 90s. they are absolutely the best in the business right now

that is a great question. there are two sides to this argument. one side says if they block you, you should block them. the other side says blocking trade backfires and that open markets create more opportunity even if you can't sell into their market

correct

yes, absolutely. when you do something every day for 25 years, you get good at. i could not do it one bit when i started out. it's a learned skill not something you are born with

ha! that's great. i don't think i'm going to do that though.

because the greater fool theory doesn't really work. and often you turn out to be the greater fool.

better to focus on building something of lasting value. then when you exit doesn't matter very much

you left out the transactions part which is in the same sentence as the ads part. i would imagine, if this fable were true, that dentistry.com would make maybe 20-30% of its revenue from ads and 70-80% from transactions. that's about the ratio at Etsy. ads drive transactions so it's a good model for everyone.

they aren't always the same and its important to recognize when they aren't and be honest and open about it

it's a fable. it's meant to explain how we think about the world. it's not meant to be reality.

Good criticism. I saw an opportunity to make a point I've been wanting to make and jumped on it

through senate staffers i know, i made sure Senator Manchin sees my post and also my partner's post http://www.usv.com/posts/when-did-america-become-to-afraid-t...

Yeah. I could have tried harder to come up with less frivolous ideas but I wrote this in about five minutes and I just went with the first ideas that were mobile bandwidth reliant I could come up with

I am "the author" and I do understand that but the point of my post was to simplify the issue for the vast majority of folks who don't get the net neutrality issue

neither me, my wife, or USV has an investment in Hackpad. i always try to disclose such things and mostly do that. when i fail to, my comment community lets me know so i can fix it

yes we do think it will be different

but only time will tell if we are right about that