Nurx is a great example of how technology is helping to reshape how healthcare is delivered. I’ve written a bit about our portfolio company Nurx since we made the investment back in 2016. That is kind of amazing to me given how much innovation we have seen in and around financial and investing services in the last decade. That’s what I was hoping we would see emerge when I wrote that blog post six and a half years ago and we still have not seen it happen. One would expect that there would be registries/registrars that would onboard an entity (a person, an investment fund, etc) and then when that entity planed to subscribe to an investment, it would just authenticate with the registry and that would be that. It is certainly a bit easier to complete them online and once you have done that, there is no need to scan and email.īut I remain confounded by the fact that we complete the exact same form time and time again, answering the exact same questions. Many/most subscription agreements are now sent digitally via Docusign or Adobe. One great thing has happened on this issue in those six and a half years. I wrote about the frustration of having to complete this identical form again and again six and a half years ago here on AVC. This form is called a subscription agreement. I just finished completing a thirty page form for an investment my wife and I are making in a limited partnership. The entire report is worth a read and it is only ten pages. These are just two of the interesting data points in the report. It also seems that subjects like math tend to work better in an online environment. So the US has not reacted to the shift to online learning nearly as successfully as many other countries around the world. did not return to normal study engagement levels. high school student visits dropped, and even as students tried to finishout the school year and regained some of their study habits back, the U.S. As shelter in place orders came into effect, U.S. however, was far less prepared than many other countries to pivot and engage their students online through the rest of the school year. This was especially true in countries, such as Singapore, where the national government mandated classes to resume and provided guidance on the structure and tools to use in a remote setting. In fact, across Quizlet’s top 50 markets, we saw a 200 to 400percent increase in new students and teachers signing up to use the platform as schools moved to distance learning models. Quizlet explains this chart in their report this way:Īlthough no country was prepared for the quick pivot to remote learning, most were able to not only return to their pre-COVID-19 online study levels, but actually became more engaged than before. There are some very interesting data points in the report: Quizlet wrote a blog post about it as well. Our portfolio company Quizlet put out a “ State of Remote Learning Report” this week based on what they are seeing across their global learning platform during the pandemic. I am not a horse rider, but I get the adage and agree with it. It’s that old adage about getting back on the horse that tossed you. It was something new that I could throw myself at, that was different, and that was working. Crypto was helpful for me back in 20 when I was going through one of those periods. I’ve gotten out of these periods of burnout by turning my attention to something else. And the more the investment is of yourself, your time, your enthusiasm, the worse it is. If you are heavily invested in something that doesn’t work, it hurts. I’ve watched others navigate that similarly. I’ve gone through a few periods of burnout in my career and it was usually brought on by a string of painful failures. It happens regularly in the startup world. So it makes sense that someone could come along and make your idea work after you failed with it. And investments that don’t work are often failures of execution. Good ideas will eventually be executed successfully. The “if only we had done it differently” part. I met the founders and was happy for them. Then I found out that the creators of this new game had received venture capital funding and were going to turn it into a business. It was as fun to play it as it was to play Turntable back in the day. In the dream, someone had created a new version of the game that was basically identical to the original version. I woke up to a dream this morning where I was playing a game that was very similar to Turntable.fm, a failed effort to create a social music experience that had a moment back in 2011 and that I had invested in via USV.
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