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I really like Fred Wilson's blog. But I'm wondering - he reckons there's a bubble in startups at the moment, should he be trying to exit USV investments [1]?
by alex_martin 15y ago
I really like Fred Wilson's blog. But I'm wondering - he reckons there's a bubble in startups at the moment, should he be trying to exit USV investments [1]? I understand his complaints from a series-A investor perspective, but many of their portfolio companies are well established (Twitter, Meetup, Covestor etc.), why aren't they making a move for an exit?
[1] http://www.usv.com/investments/ http://www.usv.com/investments/
- suking 15y agoI'm pretty sure he hasn't denied exiting Twitter via SecondMarket.
- yakto 15y agoI'm pretty sure he has: http://news.ycombinator.com/item?id=2650977 http://news.ycombinator.com/item?id=2650977
- suking 15y agoThat only denies SecondMarket - I think what he is saying is they might have sold to later stage VC/PE firms in an organized round and doesn't appear to be denying that he somehow exited. Honestly, don't blame him for at least cashing some out on 20X+ home run.