Business
What’s up everyone! Joining me this week is Albert Wenger, businessman, venture capitalist, managing partner of Union Square Ventures, and author of World After Capital. The #1 thing that I've learned is to invest in things that I love Albert combines over 10 years of entrepreneurial experience with an in-depth technology background. He founded and co-founded various companies in the field of consulting and data analytics. In his book World of Capital, he shares the importance of figuring out how to live in a World After Capital in which the only scarcity is attention. In this episode, Albert and I talk about investment mistakes and tips, convex vs. concave bets, the knowledge age, and frameworks for attention allocation. Episode Quotes "Convexity and concavity are inherent to different business models." "The number one thing that I've learned is to invest in things that I love." "The biggest mistake to make is to try and copy what others are doing." "In this knowledge age, knowledge is the place to go look and find purpose." Listen to Learn 01:16 - Investing: Convex vs. Concave 15:13 - Establishing convexity features 18:16 - Investment mistakes and lessons learned 22:17 - Biggest mistakes VCs make 29:20 - The knowledge age, Frameworks for attention allocation 37:24 - End notes and links