The Slow Hunch by Nick Grossman
Nick Grossman
The System-of-Record Network Effect
I was sitting with an investor friend earlier this week, describing the kinds of things that USV likes to invest in. She asked if USV invested much in SaaS (Software as a Service), and I said no, not really. But yes, in certain cases, especially where there is a network to be had, and I mentioned that one kind of network we like to invest in is a system-of-record style network. The canonical example is our portfolio company Carta, which is certainly SaaS, but really, it's system-of-record, gr...
