Union Square Ventures

Union Square Ventures (USV) is an American venture capital firm. Based in New York City, the firm manages assets totaling $1 billion as of March 2016.[1]

Union Square Ventures
Type of businessPrivate company
Type of site
Venture Capital, startups
Founded2003
Headquarters
New York City, New York
,
US
Created byFred Wilson, Brad Burnham
Key peopleAlbert Wenger
Andy Weissman
URLwww.usv.com

History

Union Square Ventures (USV) was founded in 2003 by Fred Wilson (a former partner of Flatiron Partners) and Brad Burnham (a former Executor in Residence with AT&T Ventures). They created USV with the intent of investing in and fostering the development of early-stage companies.[2] Their investments are "mostly U.S.-based Internet and mobile companies considered to be ‘disruptive’".[3] Since its establishment, USV is one of the companies that are regularly included in Red Herring’s lists of top venture capital firms.[4] As of 2016, USV had 7 billion dollar exits including Twitter in 2013 and Twilio in 2016.[5]

In 2007, Albert Wenger, the former president of del.icio.us, joined the firm as a managing partner.[6] In 2011, Betaworks co-founder Andy Weissman joined USV.[7] The same year, USV was chosen as the best-performing venture capital firm the United States, based on investment return rate.[8] In 2018, Rebecca Kaden, previously a General Partner at Maveron joined USV.[9] In 2019, USV announced two new partners joined the firm – Gillian Munson, formerly the CFO of XO Group, and Nick Grossman, who had previously worked at USV on special projects such as policy and crypto.[10]

References
  1. Union Square Ventures Site,"About Page" March 17, 2016
  2. "New York Times"A New Kind of Venture Capitalist Makes Small Bets on Young Firms" September 22, 2008
  3. Wall Street Journal,"Union Square Ventures Rides Twitter and Tumblr Exits on Fundraising Trail" November 21, 2013
  4. Red Herring "Maximizing Venture Capital Investments" May 1, 2012
  5. "Union Square Ventures is Really F'n Good". June 23, 2016.
  6. Alex Wilhelm (April 10, 2020). "Listen to our midweek chat with USV's Albert Wenger". TechCrunch. Retrieved May 24, 2020.
  7. Jay Yarow. "Betaworks Cofounder Andy Weissman Jumps To Union Square Ventures". Business Insider. Retrieved May 24, 2020.
  8. Business Insider "It's Official: Union Square Ventures Is The Top VC in the World" April 9, 2011
  9. Polina Marinova (March 28, 2018). "Meet Union Square Ventures' First Female General Partner". Fortune. Retrieved May 24, 2020.
  10. "USV closes two funds, adds two partners". PitchBook Data. May 1, 2019. Retrieved May 24, 2020.
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