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The Power Law - Venture Capital and the Art of Disruption (Paperback)
Price: R341
Discovery Miles 3 410
You Save: R39
(10%)
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The Power Law - Venture Capital and the Art of Disruption (Paperback)
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List price R380
Price R341
Discovery Miles 3 410
You Save R39 (10%)
Expected to ship within 5 - 7 working days
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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 world's 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
industry's notorious lack of women and ethnic minorities. Now the
power law echoes around the world: it has transformed China's
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.
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