000			02305nam a22002297a 4500
003			JGU
005			20230702020014.0
008			230614b |||||||| |||| 00| 0 eng d
020			_a9780525559993 _qpbk.
040			_beng _cJGU
041			_aeng
100			_aMallaby, Sebastian, _91640549 _eauthor
245			_aThe power law : _bventure capital and the art of disruption / _cSebastian Mallaby.
260			_aLondon : _bPenguin Books, _c2023.
520			_a"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."--
650			_aNew business enterprises--Finance
650			_aVenture capital _947434
650			_aTechnological innovations--Economic aspects _9120038
999			_c3054789 _d3054789