Albert Wenger

33 statements across 4 episodes · 14 bullish · 5 bearish · 3 people on the record · first statement Jul 11, 2016 by Albert Wenger · said 50 times in 21 episodes since 2015 · across every show →

On the record as a speaker too: Albert Wenger's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (34), Ed Cooke (4), Bing Gordon (3), Jude Gomila (2), Jeff Lawson (2), Jonathan Libov (1), Ethan Kurzweil (1), David Tisch (1)

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035201520162017201820192020202120222023episodes it came up in
0022.545201520162017201820192020202120222023episodesmentions per episode
2023 6 mentions in 2 episodes 3 per episode
2021 5 mentions in 3 episodes 2 per episode
2020 2 mentions in 1 episode
2018 6 mentions in 4 episodes 2 per episode
2017 16 mentions in 5 episodes 3 per episode
2016 14 mentions in 5 episodes 3 per episode
2015 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Albert Wenger, oldest first

Jul 11, 2016 positive
Insight
Wenger: Universal Basic Income is essential to unlock future economic innovation
“The basic income, which is the idea of everybody getting enough money to be able to cover basic needs such as food, clothing, shelter I believe is what's necessary to make people free economic actors in the labor market, and I think that's essential for innova…”
Albert Wenger Jul 11, 2016 ▶ 15:32 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 positive
Insight
Wenger: UBI raises manual labor costs and forces automation of dirty jobs
“And one of the criticisms that people raise is, well, who will do these sort of dirty jobs? And I think the answer to that is it means that the price that has to get paid for somebody to say clean bathrooms will go up. And that's a good thing because when the …”
Albert Wenger Jul 11, 2016 ▶ 17:27 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 negative
Insight
Wenger: Smartphone owners subsidize extended compute power for centralized tech platforms
“On mobile, it's a lot less clear, because on mobile, you're downloading these apps that are controlled by the companies, and you're downloading them onto a phone, where nominally you control the But because you don't control the apps, you're really, by buying …”
Albert Wenger Jul 11, 2016 ▶ 21:13 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016
Disclosure
Wenger had multiple failed attempts entering VC before joining USV
“I first tried to start a venture capital arm for Telebank, and then Telebank got acquired by E-Trade, and then I started my own incubator with very bad timing at the sort of height of the bubble, just before the bubble burst, and then I tried to start a ventur…”
Albert Wenger Jul 11, 2016 ▶ 3:11 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 positive
Insight
Wenger: Speculative tech bubbles benefit society by rapidly funding foundational infrastructure
“These sort of frothiness in the installation phase is good from a social perspective, because it means that A lot of capital is allocated very rapidly to a sector, and then subsequently you can build interesting things on top of that.”
Albert Wenger Jul 11, 2016 ▶ 8:30 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 positive
Prediction Not checkable as stated
Wenger: Service automation will shift human work toward knowledge and caretaking
“And now I think we can automate a lot of, not just industrial production, but also a lot of services whether that's shopping services or insurance services or transportation services. We can now automate those and that will free us up to participate more in kn…”
Albert Wenger Jul 11, 2016 ▶ 16:29 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016
Insight
Wenger: Passionate pursuits will remain infinite, but paid labor will not
“No, absolutely. We will never run out of things to do. We'll never run out of things that we will pursue passionately, but that's very different from being able to get paid for it.”
Albert Wenger Jul 11, 2016 ▶ 20:09 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 bullish
Disclosure
USV backed Clue because smartphones will outscale traditional birth control access
“Invested in a company called Clue, based in Berlin, an app that lets women track their health and their fertility, and said yes because there are more women in the world who will have smartphones than have access to traditional birth control, and there's a hug…”
Albert Wenger Jul 11, 2016 ▶ 24:34 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 neutral
Prediction Not checkable as stated
Wenger predicts only a small number of self-driving car companies will survive
“If you think about self-driving cars, how many self-driving car companies will there ultimately be? It's probably not a large number, and so if you're in the installation phase, you know, you have to get very lucky to pick the winner, and then even within pick…”
Albert Wenger Jul 11, 2016 ▶ 9:08 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 positive
Disclosure
Wenger angel invested in Tumblr and Etsy before bringing them to USV
“Started making some angel investments, some of which became USV investments, and some of which were USV investments, so it's an angel in Tumblr, and it's an angel in Etsy, and I brought that deal to Union Square Ventures”
Albert Wenger Jul 11, 2016 ▶ 4:31 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 negative
Opinion
Wenger refuses to use an iPhone due to Apple's centralized gatekeeping
“My primary phone is, is not an Apple phone because I think that the idea that I could have a supercomputer in my pocket that's connected to the entire world through the internet, and in order to install software on it, I really have to go through a single comp…”
Albert Wenger Jul 11, 2016 ▶ 21:49 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 11, 2016 neutral
Insight
Wenger: Cultural and intellectual inertia is the biggest barrier to UBI
“I think the biggest challenge to getting to basic income is purely a intellectual and cultural challenge that has to do with Having constructed a system for over a hundred years or so, or several generations that, you know, has a specific perception of how the…”
Albert Wenger Jul 11, 2016 ▶ 17:55 20VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Jul 13, 2016 positive
Disclosure
USV Created Venture Partner Role for Albert Wenger for Sourcing Etsy
“Been very actively involved in Etsy early on and brought Etsy to the partnership. And we created a venture partner role for Albert to, you know, to sort of compensate him for having brought Etsy to the partnership.”
Brad Burnham Jul 13, 2016 ▶ 7:17 20VC: USV's Brad Burnham on Co-Founding USV with Fred Wilson, What They Look For In Potential Partners & Whether We Are Entering a Period of Consolidation or Expansion
Nov 27, 2017 positive
Assertion Partly supported
Gordon: USV led edtech discourse years before making edtech investments
“And then Albert Wenger, he created the meme of hacking education, which I'm a fanboy of. And that was probably in oh nine or oh 10. He convened leading thinkers. And interestingly enough, they didn't invest in any learning and Companies for several years after…”
Bing Gordon Nov 27, 2017 ▶ 14:27 20VC: Kleiner Perkins' Bing Gordon on Lessons From Serving On Amazon & Zynga's Board, Why The Best Investors Are Good Listeners and Sceptical Optimists & The Most Important Value Add A VC Can Provide
Jan 23, 2023 negative
Insight
Wenger: Social media server architecture creates an unacceptable power imbalance
“As long as I am basically reduced to, like, my thumbs and the sort of wetware between my ears while somebody else on the other end is operating millions of servers, that's just the wrong balance of power.”
Albert Wenger Jan 23, 2023 ▶ 44:42 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Insight
Wenger: Cash flow positivity is the only safe place for high-valuation startups
“If you have raised at a high valuation, you, and you have a lot of money in the bank, you have to get a cash flow positive. It's the only safe place. Literally the only safe place is cash flow positive.”
Albert Wenger Jan 23, 2023 ▶ 45:28 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 neutral
Opinion
Wenger: TikTok, Twitter, and Facebook must be user-programmable
“I don't feel different about TikTok than I feel about Twitter or Facebook for that matter. These systems need to become programmable. If they're not programmable, we're being programmed by them.”
Albert Wenger Jan 23, 2023 ▶ 44:25 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 negative
Prediction Not checkable as stated
Wenger: Political effort to preserve industrial age will worsen societal transition
“I think it's politicians misreading where we are and trying to keep us in the industrial, trying to fix the industrial age that is going to make this transition bad.”
Albert Wenger Jan 23, 2023 ▶ 8:48 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 positive
Insight
Wenger: Developing nations will leapfrog legacy energy grids like mobile banking
“I think that developing nations can leapfrog. They don't have much of an existing infrastructure that needs, like, If you look in big parts of Africa, they don't have a grit. They can lean right into decentralized energy production. Just like, you know, why do…”
Albert Wenger Jan 23, 2023 ▶ 27:49 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 negative
Opinion
Wenger: Trudeau's freezing of truckers' accounts set a dangerous precedent
“I mean, I thought it was a very, very bad precedent for Trudeau to freeze the accounts of the truckers during the sort of trucker demonstration.”
Albert Wenger Jan 23, 2023 ▶ 36:50 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Prediction Not checkable as stated
Wenger: Tech downturn will bring back pay-to-play structures and startup failures
“We'll see all sorts of structure and pay to play and everything else, but we'll also just see some businesses just blow up and people will be like, you know what, I've got better things to do.”
Albert Wenger Jan 23, 2023 ▶ 46:24 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Insight
Wenger: VC generational transitions fail when senior partners hog the economics
“By not hogging the economics.”
Albert Wenger Jan 23, 2023 ▶ 47:37 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Insight
Wenger: Every startup investment needs a clear, one-sentence thesis
“Best investment advice is to have one clear thesis about an investment. Like, why, like, what is the one sentence thing, why this investment makes sense?”
Albert Wenger Jan 23, 2023 ▶ 47:48 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 bullish
Opinion
Wenger: January 2023 is the second-best time ever to invest in crypto
“And I said the best time to have been in crypto was January, 2009. And that was when the Bitcoin network launched. And the second best time is January of 2023.”
Albert Wenger Jan 23, 2023 ▶ 40:11 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 positive
Prediction Not checkable as stated
Wenger predicts politicians will get elected on radical climate platforms
“And I believe that climate will be that kind of thing. It'll go from something where politicians feel, oh, I can't really talk about it. There's not enough voters. I'm not going to get elected and so forth. I think it's going to go from that to something where…”
Albert Wenger Jan 23, 2023 ▶ 23:42 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Insight
Wenger: Effective operators require singular focus and managing people
“To be a good operator, you have to really stay on one thing with a kind of a singular focus for a prolonged period of time, and you also have to deal a lot with people, and I'm not really a people person at the end of the day.”
Albert Wenger Jan 23, 2023 ▶ 0:54 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Insight
Wenger: The mantra "strong opinions weakly held" is a corrosive attitude
“Because it puts the burden on others to talk you out of it instead of, like, trying to get smarter yourself.”
Albert Wenger Jan 23, 2023 ▶ 46:54 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 positive
Disclosure
Albert Wenger funds universal basic income trial in Hudson, New York
“And Susan, my wife and I have been long-term advocates for universal basic income. We are funding a universal basic income trial in the city of Hudson in the state of New York. And we've contributed to other universal basic income campaigns and trials.”
Albert Wenger Jan 23, 2023 ▶ 6:51 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 bullish
Prediction Not checkable as stated
Wenger: The collapse of FTX will be a temporary blip for crypto
“I think it'll be a blip in the long term, and it'll be a blip, you know, much like, you know, web van imploding, or a flooz.com, or whatever, you know, pick your favorite .com, you know, thing that imploded.”
Albert Wenger Jan 23, 2023 ▶ 39:16 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Assertion Supported
Wenger: Earth traps 4 to 7 Hiroshima bombs of heat per second
“The reality is it's four to seven per second, right? So of every second, of every minute, of every hour, of every day, it's like four to seven Hiroshima-sized nuclear bombs worth of heat.”
Albert Wenger Jan 23, 2023 ▶ 30:22 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Insight
Wenger: Achieving massive success on your very first endeavor warps you
“I think the people where the very first thing that they ever did became a monster success I think that's really warps you.”
Albert Wenger Jan 23, 2023 ▶ 48:42 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023
Assertion Supported
Wenger: Downrounds are incredibly hard; he has done three in 30 years
“I've been doing this for nearly 30 years, and I've done, like, three downrounds in that entire time period. Downrounds are incredibly hard to pull off.”
Albert Wenger Jan 23, 2023 ▶ 45:56 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
Jan 23, 2023 positive
Opinion
Wenger: Twitter is hard to kill because it's a network of networks
“I still believe that there's an opportunity today, even after all the damage that has been done both by the prior regime and by the current one, I still think it's not too late because Twitter is Hard to kill. It's a network of networks.”
Albert Wenger Jan 23, 2023 ▶ 41:24 Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
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