#92: Sebastian Mallaby – The Power Law – A Brief History of Venture Capital

How did Venture Capital evolve? When did it start? Get the answers right here in the book The Power Law by Sebastian Mallaby.

⭐ In this episode, we talk about:
• Storytelling Methods and a Writers Work Process
• What is Venture Capital – From the Writers Perspective
• How Did Silicon Valley Evolve into the Center of the Innovation World?
• The 3 Most Crucial Moments in the Development of Venture Capital
• The Future of the European Tech Eco-System
• And much, much more

⭐ EPISODE Links:
Today’s speaker is Sebastian Mallaby.
Youtube

📚 Book mentions in the episode:
The Power Law

📖 Memorable Quotes:
(09:39) “In a Content Creators Economy where a lot of people spend a lot of time creating, it is worthwhile to spend 5 years writing a book”
(12:46) “Do Venture Capitalists create innovation, or do they just show up for it?”
(18:51) “Europe is fundamentally full of great engineers. It is a great market. Why wouldn’t it rival the United States if it got the right Venture Capital to take the risk.”
(23:10) “The European culture is not as risk-friendly as the US. But it’s changing fast.”
(27:45) “Genentech was the beginning of staged investments.”

⏰ Timestamps:
(00:00) Speaker and Book Intro
(02.25) Storytelling Methods and a Writer’s Work Process
(08:00) Development of the Methodology – From Nelson Mandela to Venture Capital
(10:33) What is Venture Capital – From the Writer’s Perspective
(16:00) How Did Silicon Valley Evolve into the Center of the Innovation World?
(19:39) Why Cover the Majority of the Stories about the US and Asia and very few stories about Europe?
(27:41) The 3 Most Crucial Moments in the Development of Venture Capital
(29:45) How Sequoia got into the hot tub with Atari
(32:00) Softbank – Everybody Needs a 100 Million
(39:00) Alibaba
(43:45) The Future of Venture Capital
(47:15) The Future of the European Tech Eco-System

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Sebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). An experienced journalist and public speaker, Mallaby contributes to a variety of publications, including Foreign Affairs, the Atlantic, the Washington Post, and the Financial Times, where he spent two years as a contributing editor. He is the author of five books, most recently The Power Law: Venture Capital and the Making of the New Future.

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