USV’s Albert Wegner talks about the state of Internet investing

I had a chance to sit down with Albert Wegner of Union Square Ventures yesterday as part of a book I’m working on.

Wegner is a gracious and brilliant man. He offered his insights on a wide range of topics. It’s a must listen for any entrepreneur or investor. If you’re not already a reader of his blog, Continuations, you should be. It’s fantastic.

I will be using this content for a book as well as blog posts. But in the spirit of the Internet, I’m making the audio available in advance.

Among the topics we covered:

• Current valuations in private markets.
• The rise of mobile.
• Network effects businesses.
• Advice for public market investors thinking about Internet companies.
• Decline of newspaper industry.
• Groupon.
• JOBS Act.
• Kozmo vs. Postmates.
• How the IPO process can be improved.
• Agency problems between GPs and LPs.

I don’t have the time right now to transcribe this. So I’m going to start an experiment: I’ve created a Google Doc. Anyone is welcome to edit it.