Albert Wenger is one managing partners at Union Square Ventures.
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He has been with the firm since 2008, and he has led investments into some of the more notable names in their portfolio. Albert is a macro investor, and from our research, you can tell that his acumen comes from thinking about technology through a 30,000 foot view.
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He was an early blockchain proponent, and most of his recent writing revolves around the secondary impact of AI.
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Here are some of our favorite lessons, quotes, and additional reading from studying Albert.
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“Quantity is easy to measure, quality is difficult to measure.”
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“The number one challenge in building a great company is understanding yourself.”
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“Every age of humanity has a defining scarcity. Humanity invents new technology, and that technology defines what that scarcity is.”
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“Each time, the โspace of the possibleโ expands dramatically, the defining constraint for humanity shiftsโmeaning the allocation problem that most fundamentally needs to be solved in order to meet humanityโs basic needs changes. Digital technology is now shifting scarcity from capital to attention.”
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“To be a good operator requires really good people skills and a high degree of focus on a very narrow field.”
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“Your best prediction for how long something will be around is how long it has been around.”
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We started our careers in venture. After about a week, we had a realization.
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We had no idea what we were doing.
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Turns out, we werenโt along.
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Junior VCs donโt get training. Youโre forced to figure it out on your own.
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Learning the rules, tools, and players takes FOREVER to learn. Thatโs why we made the ultimate VC resource library to speed up the learning curve.
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