I kicked off the second topic of the week discussion on usv.com today with a post about community ownership of Internet applications and services.
If you want to read the post and/or join the discussion, go here and do that.
Here’s a teaser to get you interested in doing that:
With more and more web and mobile applications deriving their value mostly or completely from their user base (Facebook, Twitter, eBay, Etsy, Reddit, Kickstarter, Uber, etc, etc), there is a growing sense that the community could or should have some real ownership in these businesses.
I go on to explain a bit about why this has not happened except in very rare cases and what needs to get figured out to make it happen more frequently.
There’s a lot going on, including approaches unleashed by blockchain technology, to make this easier to do and we think this is a trend worth watching and discussing. That’s why we made it the topic of the week.
