Elliot Noss Comments on USV Investment

PrintIn a blog post  written by Union Square Ventures (USV) Managing Partner Brad Burnham on the USV blog, the New York City-based venture capital firm announced that it “made a substantial investment in Tucows.” The VC firm did not mention how much it invested in the company, but the amount may eventually be revealed since Tucows is a NASDAQ-listed publicly traded company (TCX). You should have a look at the blog post to see all of the reasons USV made this investment.

I reached out to Tucows President  and CEO Elliot Noss to ask for his reaction to seeing the confidence USV has in what his company has achieved  and the  company’s plans going forward. Elliot was kind enough to reply and had this to say:

I have been bugging Brad to join the board for years. Of course I love all of the folks at USV, but this is really about Brad. As they noted, this is not their typical investment (at all). In fact it is the mirror image in many ways. That being said we have lots to learn from each other and we are both excited to start working on things together. And it is nice to have a sexy VC in the domains space! 🙂

Investing in Tucows is a pretty solid endorsement of the company by a leading VC firm. Union Square Ventures has quite a few winners in its portfolio of funded companies dating back over ten years. Among the companies USV has listed under exits are Tumblr (Seed), Twitter (Series A), Zynga (Series A), Delicious (Seed), and Etsy (Seed). Some of its current investments include Stripe, Stack Overflow, CloudFlare, Coinbase, and Duck Duck Go.

Fred Wilson, Managing Partner at Union Square Ventures, has written about domain names before on his AVC.com blog. In 2011, I wrote about his comments regarding the purchase price of domain names and how companies should spend up to $50,000 to buy a great domain name. It would be interesting to see how he feels now. Based on his company’s investment in Tucows, it would seem that USV  is confident in the health of the domain name industry.

With Tucows’ recent acquisition of eNom, the company is now the second largest domain registrar in the world. Based on the comments shared in the USV blog post, the company has a lot going on in addition to its domain name business.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Squadhelp Adds Escrow.com as a Payment Option

1
Squadhelp has added Escrow.com as a payment option for buyers. The addition of the Escrow.com option was shared by ARIYAS on X this morning: 👍...

Some Thoughts on .AI Domain Names

19
There is no question that .AI domain names have become a hot topic of late. With considerable amounts of venture funding flowing into AI...

Handoff to Dan on Imported Leads Can be Confusing

0
I've been using the lead import option at Dan.com more regularly. Although the 5% commission is not ideal, transactions tend to move more quickly...

ArtificialIntelligence.com Goes Up for Sale

11
I tried to buy the ArtificialIntelligence.com domain name multiple times over the last 10 years. The emails I sent to the registrant went unanswered,...

EU Gives More IP Protection to Food & Drink Producers

0
Did you know that some well-known food and drink varieties are protected intellectual property regulations? Popular types of drinks and foods that are protected...