“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.”
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More from Albert Wenger
Insight
Albert Wenger: Markets Cannot Guide Attention to Non-Priced Problems
“Some of the most important things that we should be allocating attention to don't have prices associated with them, and cannot have prices associated with them, and so as a result, we cannot be relying on the market mechanism to guide our attention. We have to…”
Albert WengerJan 23, 2023▶ 4:52Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
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 WengerJan 23, 2023▶ 46:54Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
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 WengerJul 11, 2016▶ 15:3220VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
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 WengerJul 11, 2016▶ 17:2720VC: USV's Albert Wenger on Automation Replacing Humans, The Universal Basic Income and The Instalment & The Deployment Phase
Insight
Albert Wenger: Attention, Not Physical Capital, Is Humanity's Primary Constraint
“The constraining factor on humanity isn't how much physical capital there is. We can do amazing things. I mean, look at Germany. Germany just built a whole bunch of LNG terminals in, like, a few months, right? These are projects that people were like, oh, this…”
Albert WengerJan 23, 2023▶ 4:13Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
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 WengerJan 23, 2023▶ 6:51Albert Wenger: Elon & Twitter; Impact of SBF; Income Inequality; Will they ban TikTok? | 20VC #969 · 20VC with Harry Stebbings
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