Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Rebecca Kaden was recorded in February 2019. Rebecca Kaden, General Partner at Union Square Ventures, discusses her firm's capital efficient investment thesis and debates the pros and cons of blitz scaling. Sramana Mitra: Union Square has been around for a while and has been very influential in the entrepreneurship ecosystem. Tell us a bit about where you are today. What is the vision? What is the investment thesis at this point of the game? Rebecca Kaden: Union Square was started a little less than 20 years ago. It's been around for a little while but in the history of venture, it's not all that long. From the beginning, it has really been a thesis-driven venture capital firm. We're a small-team fund. There are six general partners. It's a very flat structure. As a partnership, we subscribe to a thesis which is a set of ideas and beliefs