E889: Union Square Ventures Partner & Co-founder Brad Burnham shares insights on market forces, innovation impinged by dominant players & consolidating network effects, the enduring benefits of open systems, potential for distributed trust, & continued conviction for crypto to create a platform that is not evil

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Union Square Ventures Partner Brad Burnham shares insights on market forces, innovation impinged by dominant players & consolidating network effects, the enduring benefits of open systems, potential for distributed trust, & continued conviction for crypto to create a platform that is not evil

Show notes:

0:45 – Jason introduces Brad Burnham and Union Square Ventures. Brad talks about raising money as an investor in the 90s.

4:21 – Brad talks about the changes in venture capital since the late 80s and over the last 15 years.

11:02 – Jason thanks sponsor Digital Ocean. Sign up at do.co/twist to receive a free $100 credit.

13:22 – Brad shares thoughts on corporate VCs: misaligned incentives, creating synergies, and his experiences at AT&T Ventures.

19:24 – The importance of timing in technology and innovation, and the advantages of current dominant networks (Google, Apple, Facebook, Amazon) over newer startups.

24:55 – Jason thanks sponsor Squarespace. Visit squarespace.com and enter offer code: “twist” to save 10% on your first purchase of a website or domain.

26:39 – Monopoly in the market with Amazon’s low prices and Apple’s high prices.

29:20 – Can VCs capitalize on cryptocurrency and why is crypto good for consumers?

38:20 – ICOs: what Brad was thinking during last year’s crytpo rush, where ICOs are going, and the continuing role for VCs.

47:18 – Jason thanks sponsor Hubspot. Visit hubspot.com/startups/twist to get benefits and learn how to grow your startups!

48:51 – Brad discusses getting returns from Kickstarter if they don’t go public.

55:13 – Jason and Brad discuss secondary transactions with founders.

59:37 – Discussion on how democratic platforms like crypto could disrupt transportation and other verticals by removing shareholders, letting creators and consumers of the value participate in its appreciation instead.

1:02:01 – Inefficiency in the healthcare marketplace, and navigating as an investor in the space.

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