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Albert Wenger

Albert Wenger

Albert Wenger is a German-Amercian businessman, venture capitalist, author, and entrepreneur. He is the founder of DailyLit, managing partner at Union Square Ventures, and the author of World After Capital.

Dr.Albert Edmund Wenger, Ph.D., is a German-American businessman, venture capitalist, author, and entrepreneur that was born in Nuremberg, Germany. Wenger later immigrated to the United States to live in New York City, New York He is the founder of DailyLit, managing partner at Union Square Ventures (USV), and author of World After Capital. The most notable companies in his portfolio with USV are: Twitter, Tumblr, Foursquare, Etsy, Kickstarter, and Shapeways.

He is also the founder or co-founder of five companies: a company for reading books by email or RSS feed that he co-founded with his wife Susan Danziger called DailyLit, a managing consulting firm, a hosted data analytics company, a technology subsidiary for E*Tradebank, and an early-stage investment firm.

Education
Dietrich-Bonhoeffer-Gymnasium Oberasbach

Albert Wenger attended high school in Oberasbach, Bavaria, Germany at the Dietrich-Bonhoeffer-Gymnasium. When Wenger was 18 years old, he won the German National Computer Science Competition.

Harvard University

Albert Wenger attended Harvard University from 1987 to 1990. He graduated summa cum laude (with the highest distinction) in 1990 with a bachelors degree in economics and computer science.

Massachusetts Institute of Technology

After completing his undergraduate degree at Harvard University, Albert Wenger attended the Massachusetts Institute of Technology (MIT) Sloan School of Management from 1993 to 1996 where he studied information technology.

Wenger graduated from MIT Sloan School of Management with a Ph.D in information technology in 1996 under the supervision of Erik Brynjolfsson. He published his thesis paper titled "Three Essays on the Influence of Information Technology on the Organization of Firms" in 1999. Wengers thesis paper focused on how information technology affects the organization of firms by analyzing the role information technology plays in firm size, hybrid organizations, and the cost of communication for firms.

World After Capital

World After Capital is a book written by Albert Wenger that is available for free online at Worldaftercapital.org. The book discusses how the progress of technology is shifting society's focus from competing for scarce resources such as food, land, and capital, to a society competing for the scarce resource of attention.

Wenger wrote the book with the goal of contributing to the dialog surrounding how to pro-actively choose the best use for technological advances. The book is an ongoing work in projects that is still being updated by Wenger as of July, 2019. Wenger is using Gitbook and Github to track versions of the book's website and different versions of the book itself.

Entrepreneurship
DailyLit

In August 2006, Albert Wenger, and his wife Susan Danziger founded DailyLit. On February 13, 2013 DailyLit was acquired by Plympton for an undisclosed amount of money.

Board memberships

Albert Wenger served on the following company boards:

Board Memberships

Company name
Title
Date

AMEE

Director

January 2009 - November 2015 (6 years and 11 months)

Director

February 2012 - December 2012 (11 months)

Director

November 2014 - present

Director

April 2007 - June 2012 (5 years and 3 months)

Clue by Biowink

Director

October 2015 - present

...
Career and employment history
Union Square Ventures

In February 2008, Albert Wenger became a managing partner at Union Square Ventures. He is still currently serving as a managing partner.

Eckford Group

From January 2003 to January 2008 (5 years and 1 month), Albert Wenger served as a partner at Eckford Group.

Del.icio.us

From May 2005 to January 2006 (10 months), Albert Wenger served as the President for Del.icio.us. Wenger was president during the sale of Del.icio.us on December 5, 2005 to Yahoo.

Family

Albert Wenger is married to Susan Danziger, and they have 3 children together.

Timeline

February 13, 2013
Plympton acquires DailyLit

On February 13, 2013 DailyLit was acquired by Plympton for an undisclosed amount of money.

February 2008
Managing partner at Union Square Ventures

In February 2008, Albert Wenger became a managing partner at Union Square Ventures.

August 2006
Founded DailyLit

In August 2006, Albert Wenger, and his wife Susan Danziger founded DailyLit.

May 2005
President of Del.icio.us

From May 2005 to January 2006 (10 months), Albert Wenger served as the President for Del.icio.us.

January 2003
Parter at Eckford Group

From January 2003 to January 2008 (5 years and 1 month), Albert Wenger served as a partner at Eckford Group.

1993
Attended Massachusetts Institute of Technology

After completing his undergraduate degree at Harvard University, Albert Wenger attended the Massachusetts Institute of Technology (MIT) Sloan School of Management from 1993 to 1996 where he studied information technology.

1987
Attended Harvard University

Albert Wenger attended Harvard University from 1987 to 1990. He graduated summa cum laude (with the highest distinction) in 1990 with a bachelors degree in economics and computer science.

Invested in

Patents

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

"No One Really Knows" - No Need for Alarm about How Neural Nets Work

Albert Wenger

Web

April 17, 2017

#TakeAKnee: Symbolic Protest Meme is Antifragile

Albert Wenger

Web

September 26, 2017

2017

Albert Wenger

Web

January 2, 2017

3,000 Piece Puzzle: A Lesson in Complexity

Albert Wenger

Web

January 7, 2019

9/11

Albert Wenger

Web

September 11, 2017

...

Documentaries, videos and podcasts

Title
Date
Link

#14 Albert Wenger, USV: A Blockchain World After Capital (S1 Ep1)

October 26, 2017

A BIG idea, a bot idea -- How smart policy will advance tech | Albert Wenger | TEDxNewYork

January 15, 2015

ALBERT WENGER - World after Capital | Rise of AI conference 2019

July 3, 2019

Albert Wenger, Union Square Ventures - Gel 2016

June 30, 2016

Ask Albert Anything Answer #3

December 6, 2015

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Connie Loizos
July 5, 2021
TechCrunch
This year, TechCrunch is proudly hosting the Extreme Tech Challenge Global Finals on July 22. The event is among the world's largest purpose-driven startup competitions that are aiming to solve global challenges based on the United Nations' 17 sustainability goals. If you want to catch an array of innovative startups across a range of categories, [...]
Erin Griffith and David McCabe
April 27, 2020
www.nytimes.com
Some young companies have turned to the government loans not for day-to-day survival but simply to buy useful time.
Alex Wilhelm
April 10, 2020
TechCrunch
Earlier this week TechCrunch caught up with Union Square Ventures' (USV) Albert Wenger. Wenger, a managing partner at the venture firm, is well-known in the New York startup scene. USV has invested in former startups like Twitter, Twilio, Etsy and Cloudflare. TechCrunch is touching base with a number of investors during the COVID-19-driven economic slowdown. [...]
Jordan Crook
April 8, 2020
TechCrunch
Startups big and small, across all industries, are affected by the novel coronavirus pandemic. From Etsy to MongoDB, from Twilio to Foursquare, these companies are looking for ways to capitalize and ultimately thrive in what has become a survivalist landscape. These companies also happen to be portfolio companies of one, Albert Wenger . We're excited [...]

References

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