At USV, we have been spending a lot of time asking the question of what we would look like if we built the firm from scratch today in an AI-native world. What’s our new OS? The answer is that many of the core principals stay the same: small funds, tight partnership, and a thesis-driven model with specific points of view (the more specific the better.) We still believe in a model that prioritizes relationships with founders, teams, and with each other. That will not change. But we also think a...