Albert Wenger | Union Square Ventures | Page 47 of 170
May 3, 2017
In the last two installments of Uncertainty Wednesday we looked at the concept of independence and concluded that it was actually quite a strong assumption. Now as one of the comments pointed out, independence is normally introduced in the context [...] Read more
May 1, 2017
Last Friday morning I appeared on a panel about the future of work. This is of course a topic I have covered extensively here on Continuations and is a central subject of my draft book World After Capital. One of [...] Read more
Apr 24, 2017
At Union Square Ventures, network effects have been central to our investment thesis for a decade. From an investor perspective network effects are one of the few, possibly the only, source of sustainable competitive advantage in a world where almost [...] Read more
Apr 21, 2017
A long time ago when I worked as a management consultant, I did a study for Lafarge which has a huge cement business. The study involved real sleuthing as we were trying to determine the operational capacity of cement plants [...] Read more
Apr 19, 2017
Last week, I provided a recap of what we have covered so far in Uncertainty Wednesday. To go on from here we need to introduce some more concepts that are usually covered earlier but that I believe will make more [...] Read more
Apr 14, 2017
Yesterday Instagram announced that it has 200 million users for stories, which exceeds Snapchat’s 160 million users from their S-1 filing. Never mind that nobody outside these companies knows what those user definitions really mean or how to compare them. [...] Read more
Apr 13, 2017
Disruptive innovations often start out as worse versions of something that already exists. Worse along all dimensions except for one, but one that turns out to really matter because it unlocks a new use case for which the incumbent does not work at all or is not affordable. The PC was slower, had less memory and less storage than a minicomputer. But it was massively more affordable and could be set up and run without the help of the centralized IT department [...] Read more
Apr 12, 2017
Today in Uncertainty Wednesday I want to provide a big recap of the series which I started last August. The key takeaways so far should be that Reality itself is not directly accessible to us. All we have to go [...] Read more
Apr 10, 2017
One of the criticisms leveled against Universal Basic Income is that it is too big a change. But if anything it is not enough of a change. Why? Because it is just one part that needs to change and human [...] Read more