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Money as a Commons: Basic Income, Demurrage and Crypto Currencies
Albert Wenger – Feb 13, 2017
One of my favorite questions to ask business students is why companies require external financial capital (equity or debt). Answers tend to turn quickly towards some need to invest, e.g. in developing software or building a plant. But that doesn’t [...] Read more
Turning 50
Albert Wenger – Feb 10, 2017
Tomorrow I am turning 50. I don’t normally write about birthdays but in my work with entrepreneurs I often tell them that a big milestone, such as raising a new round of financing, is a good time for reflection. My [...] Read more
Uncertainty Wednesday: Probability (Part 3)
Albert Wenger – Feb 8, 2017
In the last two Uncertainty Wednesdays, we went over the basic math of probability and the definition of events. Today we are going to come back to the underlying framework of reality, explanations and observations which we have modeled as [...] Read more
Value Creation
Albert Wenger – Feb 6, 2017
We spent the first week of our NYU Stern class talking about value creation. The goal is to ask the seemingly simple question as to how a given company creates value. The first step of course is to ask what [...] Read more
Uncertainty Wednesday: Probability (Cont’d)
Albert Wenger – Feb 1, 2017
Today in Uncertainty Wednesday we are continuing with some of the math of probability. As a reminder from last Wednesday, we have two states, A and B and two signal values H and L for four possible elementary events AH, [...] Read more
Teaching Again!
Albert Wenger – Jan 31, 2017
I am super excited about today and woke up in advance of my alarm clock. Why? Because today is the first day of class for the second year of the NYU Stern Course I am co-teaching with Arun Sundararajan (btw, [...] Read more
Matching ACLU Donations TODAY ONLY
Albert Wenger – Jan 29, 2017
susandanziger: (Source: susandanziger, via susandanziger) Read more
Misleading the World on Immigration
Albert Wenger – Jan 28, 2017
I am an immigrant. I came to the US first in 1983 as an exchange student when I was 16. I stayed with a wonderful family in Rochester, Minnesota and fell in love with this country. I returned to Germany [...] Read more
Internal Promotions
Albert Wenger – Jan 27, 2017
When your company is growing you have to add new layers of management. One common mistake is to only look outside the company. This is often promoted by investors who are worried that the early employees are too young and [...] Read more