Sebastian Mallaby

La verdadera historia tras las empresasáde capital de riesgo de Silicon Valley yácómo sus estrategias han dado forma aála innovación y la economía global.En estas páginas, Sebastian Mallaby nosáentrega un apasionante relato sobre comoase fundaron algunas de las compañias masaexitosas del mundo, a traves del analisisade grandes empresas de capital de riesgoacomo Sequoia, Kleiner Perkins, Accel,aBenchmark y Andreessen Horowitz, oasociedades chinas como Qiming yaCapital Today.En una equilibrada combinacion deanarracion y analisis, Mallaby nos explicaacomo se gesto el desarrollo tecnologico enaSilicon Valley para conocer la verdad sobrealos exitos y fracasos mas emblematicos deafirmas como Apple, WeWork o Uber.Gracias a este libro entenderemos comoafuncionan las mentes de las personas detrasade las empresas de capital de riesgo y comoaesta informacion nos puede ayudar a veracon otros ojos nuestro propio futuro.

Shortlisted for the Financial Times Business Book of the Year"A gripping fly-on-the-wall story of the rise of this unique and important industry based on extensive interviews with some of the most successful venture capitalists." - Daniel Rasmussen, Wall Street Journal"A must-read for anyone seeking to understand modern-day Silicon Valley and even our economy writ large." -Bethany McLean, The Washington PostA rare and unsettling look inside a subculture of unparalleled influence." --Jane MayerA classic...A book of exceptional reporting, analysis and storytelling." --Charles DuhiggFrom the New York Times bestselling author of More Money Than God comes the astonishingly frank and intimate story of Silicon Valley's dominant venture-capital firms--and how their strategies and fates have shaped the path of innovation and the global economyInnovations rarely come from "experts." Elon Musk was not an "electric car person" before he started Tesla. When it comes to improbable innovations, a legendary tech VC told Sebastian Mallaby, the future cannot be predicted, it can only be discovered. It is the nature of the venture-capital game that most attempts at discovery fail, but a very few succeed at such a scale that they more than make up for everything else. That extreme ratio of success and failure is the power law that drives the VC business, all of Silicon Valley, the wider tech sector, and, by extension, the world.In The Power Law, Sebastian Mallaby has parlayed unprecedented access to the most celebrated venture capitalists of all time--the key figures at Sequoia, Kleiner Perkins, Accel, Benchmark, and Andreessen Horowitz, as well as Chinese partnerships such as Qiming and Capital Today--into a riveting blend of storytelling and analysis that unfurls the history of tech incubation, in the Valley and ultimately worldwide. We learn the unvarnished truth, often for the first time, about some of the most iconic triumphs and infamous disasters in Valley history, from the comedy of errors at the birth of Apple to the avalanche of venture money that fostered hubris at WeWork and Uber.VCs' relentless search for grand slams brews an obsession with the ideal of the lone entrepreneur-genius, and companies seen as potential "unicorns" are given intoxicating amounts of power, with sometimes disastrous results. On a more systemic level, the need to make outsized bets on unproven talent reinforces bias, with women and minorities still represented at woefully low levels. This does not just have social justice implications: as Mallaby relates, China's homegrown VC sector, having learned at the Valley's feet, is exploding and now has more women VC luminaries than America has ever had. Still, Silicon Valley VC remains the top incubator of business innovation anywhere--it is not where ideas come from so much as where they go to become the products and companies that create the future. By taking us so deeply into the VCs' game, The Power Law helps us think about our own future through their eyes.

From an award-winning financial historian comes the gripping, character-driven story of venture capital and the world it made. innovations rarely come from experts. jeff bezos was not a bookseller; elon musk was not in the auto industry. when it comes to innovation, a legendary venture capitalist told sebastian mallaby, the future cannot be predicted, it can only be discovered. most attempts at discovery fail, but a few succeed at such a scale that they more than make up for everything else. that extreme ratio of success and failure is the power law that drives venture capital, silicon valley, the tech sector, and, by extension, the world.. drawing on unprecedented access to the most celebrated venture capitalists of all time, award-winning financial historian sebastian mallaby tells the story of this strange tribe of financiers who have funded the worlds most successful companies, from google to spacex to alibaba. with a riveting blend of storytelling and analysis, the power law makes sense of the seeming randomness of success in venture capital, an industry that relies, for good and ill, on gut instinct and personality rather than spreadsheets and data. we learn the unvarnished truth about some of the most iconic triumphs and infamous disasters in the history of tech, from the comedy of errors that was the birth of apple to the venture funding that fostered hubris at wework and uber to the industrys notorious lack of women and ethnic minorities.. now the power law echoes around the world: it has transformed chinas digital economy beyond recognition, and london is one of the top cities for venture capital investment. by taking us so deeply into the vcs game, the power law helps us think about our own future through their eyes.