Union Square Ventures is widely considered to be one of the top performing venture firms of all time.
USV marked down seven of its funds by nearly 26% this year, a far steeper writedown than other firms.
Union Square Ventures — an early backer of Robinhood, Coinbase, and Etsy— is widely considered to be one of the top performing venture firms of all time.
Venture firms are required to value their holdings at fair market value, but assessing the value of illiquid assets leaves considerable room for discretion.
USV's 2004 fund returned more than $305 million in cash from a $22 million UTIMCO investment, with an IRR of 66%.
Persons:
USV, —, VCs, Vincent Harrison, Combinator, Fred Wilson, Wilson
Organizations:
Square Ventures, Union Square Ventures, UTIMCO, University of Texas, Venture, Bay, Sequoia, Twitter, Zynga
Locations:
Robinhood, Texas, USV