MIB: Albert Wenger, Union Square Ventures

This week, we talk with Albert Wenger, managing partner at Union Square Ventures. He co-founded 5 companies and was President of del.icio.us through the sale of the company to Yahoo and was an angel investor in Etsy and Tumblr. Wenger is the author of World After Capital, Describe the transition to a “knowledge age” and its implications for business and society.

We discuss how Union Squares works and how the entrepreneurial scene has shifted from Silicon Valley to New York City and the rest of the country. A USV is an early seed investor that puts capital at risk very early in a company’s life. This means that almost all of their companies are more likely to fail, but it also suggests that its winners will be 100X or better.

He explains why we need wartime action to address the challenge of climate change. His favorite data point is that we are adding the equivalent of 4 Hiroshima-sized nuclear bombs to the atmosphere every second. This is a potential extinction level threat to humans as a species.

Here is a list of his favorite books; A transcript of our conversation on Monday is available here.

You can stream and download our entire conversation with podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All our previous podcasts on your favorite podcast host can be found here.

Be sure to check out our Masters in Business with Steve Case next week at America Online (AOL), founder of the VC Firm Revolution and The Rise of the Rest: How Entrepreneurs in Surprising Places is Building the New American Dream.

Book by Albert Wenger

The World After Capital: Economic Freedom, Information Freedom, and Psychological Freedom By Albert Wenger

Albert Wenger’s favorite book

The Beginning of Eternity: The Explanation That Transforms the World By David German

Perhaps they are By Ada Palmer

Ministry for the Future: by Kim Stanley Robinson

Barry mentions the book

Pop!: Why bubbles are great for the economy By Daniel Gross

How to Invent Everything: A Survival Guide for the Stranded Time Traveler By Ryan North

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