The Power Law
The Power Law
Sebastian Mallaby
Paul Graham
If you want to understand how venture capital works and the effect it has had on the US economy, this is the book to read. - Paul Graham
Barry Ritholtz
Excellent. - Barry Ritholtz
Patrick Collison
By far the best book I've read on the sector. - Patrick Collison
Trung Phan
About the Venture Capital industry. - Trung Phan
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4
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The Power Law

The Power Law: Venture Capital and the Making of the New Future

Sebastian Mallaby
By
Sebastian Mallaby
4.4
360
ratings on Goodreads

In "The Power Law," Sebastian Mallaby takes readers on a riveting journey into the heart of Silicon Valley's venture capital world, exposing the high-stakes game of innovation and economic transformation. Through unparalleled access to the industry's titans at Sequoia, Kleiner Perkins, Accel, and more, Mallaby unearths the stories behind the tech sector's most seismic events—from the fabled inception of Apple to the tumultuous rises of WeWork and Uber. This narrative is not just a chronicle of financial gambles but a deep dive into the ethos that drives Silicon Valley: the relentless pursuit of the next unicorn startup, underpinned by the belief that the future can't be predicted, only discovered. Mallaby's storytelling reveals the double-edged sword of venture capital's power law: the pursuit of outsized success fosters groundbreaking innovation but also perpetuates systemic biases and fosters a culture of hubris with sometimes catastrophic outcomes. Beyond the drama of Silicon Valley, "The Power Law" offers critical insights into how venture capital's strategies have global repercussions, impacting not just the tech industry but the very fabric of our future economy. As venture capital goes global, with China's burgeoning scene as a prime example, Mallaby's analysis challenges us to consider the implications of this power law, not just for Silicon Valley but for the world at large.

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Released
2022
25 Jan
Length
496
Pages

4

recommendations

recommendation

About the Venture Capital industry. - Trung Phan
Excellent. - Barry Ritholtz
By far the best book I've read on the sector. - Patrick Collison
If you want to understand how venture capital works and the effect it has had on the US economy, this is the book to read. - Paul Graham
Investors who focus on currencies, bonds, and stock markets generally assume a normal distribution of price changes: values jiggle up and down, but extreme moves are unusual. Of course, extreme moves are possible, as financial crashes show. But between 1985 and 2015, the S&P 500 stock index budged less than 3 percent from its starting point on 7,663 out of 7,817 days; in other words, for fully 98 percent of the time, the market is remarkably stable.
— Sebastian Mallaby, The Power Law

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