000			a
999			_c32337 _d32337
008			230903b xxu||||| |||| 00| 0 eng d
020			_a9780141988948
082			_a332.041540973 _bMAL
100			_aMallaby, Sebastian
245			_aPower law : venture capital and the art of disruption
260			_bPenguin Books, _c2022 _aLondon :
300			_a482 p. ; _b16 pages of unnumbered plates, _c20 cm
365			_b699.00 _cINR _d01
504			_aIncludes bibliographical references and index.
520			_aInnovations 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, 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.
650			_aCalifornia San Francisco Bay Area
650			_aHigh technology industries Finance
650			_aNew business enterprises Finance
650			_aTechnological innovations
650			_aEconomic aspects
650			_aVenture capital
942			_2ddc _cBK