Albert Wenger | Union Square Ventures | Page 42 of 170

Aug 18, 2017

This will be my last post until Labor Day. I will be spending as little time online as possible, reading books instead, spending time with family and friends and working on World After Capital. I will be disabling all notifications [...] Read more

Aug 16, 2017

Last Uncertainty Wednesday, we saw how diminishing marginal utility of wealth provides an explanation of risk aversion via Jensen’s inequality. Why would it be then that lots of people seem to like small gambles, like a game of poker among [...]
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Aug 15, 2017

As has been widely reported, in the last few months ICOs have raised significantly more money for blockchain startups than has come from traditional venture investors. This can be seen as a sign of the long discussed unbundling of venture [...]
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Aug 12, 2017

In my draft book World After Capital, I write that humans having knowledge is what makes us distinctly human and gives us great power (and hence great responsibility). I define knowledge in this context as science, philosophy, art, music, etc. [...]
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Aug 9, 2017

Last Uncertainty Wednesday, I introduced Jensen’s Inequality. I mentioned briefly that it explains a lot of things and today we will look at the first one of these, which goes by the name of risk aversion. This is simply economists [...]
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Aug 6, 2017

In my draft book World After Capital, I write about how digital technology has given us the possibility to leave the Industrial Age behind and enter the Knowledge Age. In an early chapter on Optimism, I argue against economic, historical [...]
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Aug 2, 2017

Last week in Uncertainty Wednesday, I introduced functions of random variables as the third level in measuring uncertainty. Today I will introduce a beautiful result known as Jensen’s inequality. Let me start by stating the inequality: f[EV(X)] ≤ EV[f(X)] where [...]
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Jul 31, 2017

In my draft book “World After Capital” I have a section on the need for increased “Informational Freedom.” There I write: As well as: Virtual Private Networks (or VPNs) are a way for citizens to circumvent these artificial restrictions imposed [...]
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Jul 28, 2017

There is lots wrong with the healthcare and health insurance system in the US. One can also have a rational debate of the pros and cons of the Affordable Care Act and how we might proceed from here. What should [...]
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