Fred Wilson

Fred Wilson co-founded Union Square Ventures (USV) in 2003 with Brad Burnham. USV developed a distinctive investment thesis focused on large networks of engaged users — platforms that create value through user participation and network effects rather than simply through proprietary technology or distribution. This thesis led to early investments in Twitter, Tumblr, Zynga, Foursquare, Kickstarter, and Coinbase, making USV one of the most influential early-stage venture funds of its era. Wilson was among the earliest major institutional investors to embrace Bitcoin and cryptocurrency through USV's investment in Coinbase, Kraken, and the firm's broader thesis about decentralized networks. His daily blog "AVC" (A Venture Capitalist) is one of the most widely read blogs in the venture and startup world — notable for its consistent daily cadence, intellectual openness, and willingness to engage with readers. Wilson is particularly identified with the New York tech ecosystem, where USV has been one of the most prominent builders and investors.