The Power Law Venture Capital and the Making of the New Future
The Power Law. The stunningly open and intimate narrative of Silicon Valley’s major venture-capital firms?and how their strategies and fates have influenced the direction of innovation and the global economy?from the bestselling author of More Money Than God.
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Understanding the Power Rules of Exponents
Experts” are rarely the source of new ideas. Before starting Tesla, Elon Musk was not an “electric car person.” A prominent tech VC once told Sebastian Mallaby that the future could not be foreseen; it can only be discovered for implausible discoveries.
Most attempts at discovery fail due to the nature of venture capital, but a select few succeed on such a large scale that they more than compensate for everything else. The power law that drives the venture capital business, Silicon Valley, the broader IT sector, and, by extension, the world is that extraordinary ratio of success and failure.
Sebastian Mallaby has turned unprecedented access to the most famous venture capitalists of all time?key figures at Sequoia, Kleiner Perkins, Accel, Benchmark, and Andreessen Horowitz.
As well as Chinese partnerships like Qiming and Capital Today?into a riveting blend of storytelling and analysis in The Power Law, which unravels the history of tech incubation in the Valley and eventually around the world.
From the comedy of mistakes at the creation of Apple to the avalanche of venture capital that fueled hubris at WeWork and Uber, we hear the unvarnished truth, often for the first time, about some of the Valley’s most iconic triumphs and infamous failures.
The constant pursuit of grand slams by venture capitalists breeds a fixation with the notion of the lone entrepreneur-genius. Firms deemed “unicorns” are lavished with power, sometimes fatal repercussions. On a more structural level, the pressure to make large bets on unproven talent encourages bias.
With women and minorities remaining underrepresented. This has ramifications beyond social justice: as Mallaby points out, China’s native venture capital business is growing, with more women VC luminaries than the United States has ever had.
Despite this, Silicon Valley VC remains the world’s leading incubator of business innovation?not it’s so much where ideas come from as it is where they go to become the products and businesses that shape the future. The Power Law lets us think about our destiny through the perspective of VCs by immersing us so fully in their game.
The Power Rules Release Date
|Book Name:||Long Live the Pumpkin Queen|
|Publishing Date||(February 1, 2022)|
|File Size: / Pages||496 pages|
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About Author: To the Power of Rules
Sebastian Mallaby is the author of The Power Law, More Money Than God, The Man Who Knew, and The World’s Banker, among other works. Mallaby is the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations. He was a former Financial Times contributing editor and a two-time Pulitzer Prize finalist.
Conclusion: The Power Law Venture Capital and the Making of the New Future
In January, novelist Sebastian Mallaby returns to the realm of business with The Power Law (Allen Lane), in which he delves into the world of venture capital and the unusual group of financiers behind some of the most successful companies. It’s a story of victories and enormous setbacks, as well as hubris and jaw-dropping weirdness.
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