Albert Wenger on the World After Capital

Albert Wenger (Managing Partner, Union Square Ventures) is imaginative, focused, and passionate. We talk about his book “The World After Capital” where he argues that technological progress has shifted scarcity for humanity. When we were foragers, food was scarce. During the agrarian age, it was land. Following the industrial revolution, capital became scarce. With digital technologies scarcity is shifting once more. We need to figure out how to live in The World After Capital in which the only scarcity is our attention. Union Square Ventures is a thesis-driven venture capital firm. Since 2003, the firm has invested in over 100 companies that use the power of the internet to re-shape markets, like Twitter, Tumblr, Foursquare, Etsy, Kickstarter and Shapeways. Before joining USV, Albert was the president of del.icio.us through the company’s sale to Yahoo and an angel investor. He previously founded or co-founded several companies, including a management consulting firm and an early hosted data analytics company. Albert graduated from Harvard in economics and computer science and holds a Ph.D. in Information Technology from MIT.