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Union Square Ventures has made a lot of big bets on big networks of highly engaged users without a clear biz model. Tumblr and Twitter are the most obvious. Co
by bproper 15y ago
Union Square Ventures has made a lot of big bets on big networks of highly engaged users without a clear biz model. Tumblr and Twitter are the most obvious.
Course, they sold a stake in Twitter on secondary markets already...
- fredwilson 15y agowe did not sell twitter on "secondary markets" we do not participate in the "secondary markets" if we sell, we sell in a financing organized or facilitated by the company we have invested in