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.

 

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About Rakesh Agrawal

Rakesh Agrawal is Senior Director of product at Amazon (Audible). Previously, he launched local and mobile products for Microsoft and AOL. He tweets at @rakeshlobster.
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