This Week in Startups Evaluating founder ambition, tools vs platforms + USV's Albert Wenger: post-capital world | E1569
Sep 25, 2022
Albert Wenger, Managing Partner at Union Square Ventures and author of "The World After Capital," dives into the urgency of investing in climate solutions with USV's $162M climate fund. He discusses the dual nature of climate change as both a significant threat and a viable investment opportunity, emphasizing the evolution of climate investments. Wenger also explores the human attention problem in a post-capitalist world and how shifting focus from mere economic growth to meaningful pursuits can drive innovation and fulfillment.
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Ambitious Problem Solving
- Founders should identify the core problem they're solving.
- Then, consider building a completely new platform, not just a tool.
Evaluating Founder Ambition
- VCs assess founder ambition to identify outliers.
- They seek founders who aim for outsized returns, not just good ones.
Tools vs. Platforms: TAM and Growth
- Tools built on platforms have a TAM limited by the platform's users.
- Growth can be challenging due to copycats and platform changes.
