Book Review - The Power Law
Sebastian Mallaby’s “The Power Law” traces the early history of the venture capital industry up to the present day, highlighting its significant impact on the development of technology. Contrary to common claims that venture capitalists (VCs) are merely opportunistic lemmings following trends, the book argues that venture capital requires genuine skill and provides various examples to support this claim. It covers successful venture capital investments in tech giants like Amazon, Apple, Facebook, and Google, as well as notable failures such as WeWork and Theranos....