Union Square Ventures is widely considered to be one of the top performing venture firms of all time.
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. But even revered USV is not immune to the severe tech market downturn. "This will be the new normal for the next 18 months," said the head of an influential family office who oversees investments at a large number of VC firms, though is not an investor in USV."The smarter guys like USV are going to start doing this and that's going to start a cascade."
They show UTIMCO's investments in USV funds were worth $201 million at the end of February. By the end of May, they plunged to $149 million.
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