Podcasts about mallaby

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Best podcasts about mallaby

Latest podcast episodes about mallaby

New Books Network
Alan Greenspan: “The man who knew”

New Books Network

Play Episode Listen Later May 1, 2025 49:08


More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

New Books in Political Science
Alan Greenspan: “The man who knew”

New Books in Political Science

Play Episode Listen Later May 1, 2025 49:08


More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

New Books in Biography
Alan Greenspan: “The man who knew”

New Books in Biography

Play Episode Listen Later May 1, 2025 49:08


More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/biography

New Books in Economics
Alan Greenspan: “The man who knew”

New Books in Economics

Play Episode Listen Later May 1, 2025 49:08


More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

New Books in Finance
Alan Greenspan: “The man who knew”

New Books in Finance

Play Episode Listen Later May 1, 2025 49:08


More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

New Books in American Politics
Alan Greenspan: “The man who knew”

New Books in American Politics

Play Episode Listen Later May 1, 2025 49:08


More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The first episode of the second series explores Alan Greenspan, the chairman who followed Paul Volcker and ran the Fed from 1987 until 2006. Once bestowed with “Maestro” status, Greenspan – who turns 100 in March 2026 – has seen his reputation deflate in the wake of the post-2008 financial crisis. To discuss the fallen Maestro, Tim is joined by Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan (Bloomsbury, 2016). “Greenspan was the man who knew,” says Mallaby. “He was the man who knew that bubbles were extremely destructive, and yet he was not the man who acted against those bubbles. So, whilst he was great on inflation and on stabilising the price of eggs, he was not good on asset-price inflation or stabilising the price of nest eggs”. A former journalist at The Economist and the Washington Post, Mallaby is the prize-winning author of The World's Banker – a portrait of the World Bank under James Wolfensohn – and More Money Than God: Hedge Funds and the Making of a New Elite. He is now the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Learn more about your ad choices. Visit megaphone.fm/adchoices

We Study Billionaires - The Investor’s Podcast Network
TIP693: The Power Law: Unlocking Venture Capital's Secrets w/ Clay Finck

We Study Billionaires - The Investor’s Podcast Network

Play Episode Listen Later Jan 24, 2025 79:52


In this episode, Clay explores The Power Law by Sebastian Mallaby and uncovers the secret behind venture capital's astonishing success. The Power Law is a fundamental law of the universe that explains why just a handful of disruptive companies, like Google and Tesla, generate the lion's share of returns. To win in the world of venture capital, investors must seek out bold, unconventional founders to back the next big idea. Tune in to learn how understanding the Power Law can transform your perspective on investing and help you spot tomorrow's breakout winners. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 01:53 - The critical role of the Power Law in venture capital and why a few outliers drive most of the returns. 30:54 - How venture capitalists identify and back bold, unconventional founders like Steve Jobs and Elon Musk. 30:54 - The fascinating history behind the rise of venture capital firms like Sequoia Capital and their game-changing investments. 36:22 - Why early-stage companies delay going public and the shift in bargaining power from VCs to founders. 01:06:47 - Insights into the mistakes investors make when exiting too early or dismissing "crazy" ideas that turn into trillion-dollar companies. 01:08:16 - Lessons for public equity investors on spotting disruption and understanding the potential of emerging innovators. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Mallaby's book: The Power Law. Jim Sinegal's interview with the Motley Fool. The Science of Hitting Blog. Email Shawn at shawn@theinvestorspodcast.com to attend our free events in Omaha or visit this page. Related Episode: Listen to TIP481: Our Story w/ Stig Brodersen & Clay Finck. Related Episode: Listen to TIP686: Big Tech Stocks w/ Adam Seessel. Related Episode: Listen to TIP417: The Incredible Story of the PayPal Mafia w/ Jimmy Soni. Related Episode: Listen to TIP667: Why Most Stocks Will Lose You Money w/ Hendrik Bessembinder. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter. Check out our We Study Billionaires Starter Packs. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Hardblock Found Unchained Fintool The Bitcoin Way Onramp Bluehost Vanta PrizePicks Fundrise TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

unSILOed with Greg LaBlanc
358. The Art of Venture Capital feat. Sebastian Mallaby

unSILOed with Greg LaBlanc

Play Episode Listen Later Nov 17, 2023 56:24


How much does venture capital actually have to do with finance? It turns out, not that much. Rather, venture capital has more to do with psychology, network theory, and organizational dynamics. Sebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. He's written numerous books, including The Power Law: Venture Capital and the Making of the New Future and More Money Than God: Hedge Funds and the Making of a New Elite. He and Greg discuss how venture capital can be a form of finance without much finance, why governance plays such an important role in successful venture capital, and why other places have found it difficult to replicate the Silicon Valley model. *unSILOed Podcast is produced by University FM.*Episode Quotes:Embeddedness is essential for startup success 45:09: Most of the good GPs I wrote about in my book either had an engineering degree or some other skill which would add value to the portfolio company, maybe be an expert in go-to-market strategies. Secondly, they know something about business and finance; perhaps they have a business degree. Thirdly, they may have started a startup or been an early employee in a startup. So that experience from the inside of being an entrepreneur, and you don't need maybe all three of those things, but you probably might need two. That's the obvious thing. The less obvious thing is that You need to be what I call embedded. You need to be in a network which is going to be generating startup founders, and you need to have standing in that network. You need to have thought leadership such that the founders that emerge from this network are going to want to come to you for money because they're also going to want you as their advisor, and that embeddedness is super important.What VCs are looking for04:00: Credibility, storytelling, embeddedness in the network, a sense of vision, a sense of passion, and commitment from the founding team. These are what the Venture Capitalists are looking for.Is there any chance we could create a more factory-like system for identifying good investments and good founders and investing in them?41:42: I think fundamentally the things that AI will not cannibalize are things where human-to-human contact is super important, and that is true of venture investing because it is about a venture capitalist, a human being, meeting a startup entrepreneur. They have to agree that they're going to be partners together and that this is going to be something you can't exit very easily, and you're probably going to be meshed together if it goes well.Behavioral dynamics23:28: Behavioral dynamics are super interesting when you think about the question of whether solo venture capitalists—whether that's a good model—became fashionable in the last three, four, or five years. I think partly a function of the bull market leading up to 2021 because it was relatively easy to raise capital. If you had some decent claim to be embedded in the Silicon Valley ecosystem, you could go out as an individual and raise some money, and why not do it by yourself? But I think that when you're trying to make slippery judgments on early-stage ventures, which have no quantitative guidelines, as I began by saying, all you have is the ability to test your human judgment on a smart partner who will push back against you and say if they disagree. So I think the dynamics within venture companies like that Monday morning meeting when you decide what to invest in, you've got six or seven partners around the table. That's super important.Show Links:Recommended Resources:Ronald CoaseRegional Advantage: Culture and Competition in Silicon Valley and Route 128 by AnnaLee SaxenianSequoia CapitalKleiner PerkinsGuest Profile:Professional Profile for Council on Foreign Relations His Work:The Power Law: Venture Capital and the Making of the New FutureMore Money Than God: Hedge Funds and the Making of a New Elite The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations

Venture Stories
Insights on Capital Power Brokers from Hedge Funds to Venture Capital with Sebastian Mallaby, author of The Power Law

Venture Stories

Play Episode Listen Later Sep 19, 2023 51:29


Sebastian Mallaby (@scmallaby) is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations and a contributing columnist for The Washington Post. He is the author of five books, including most recently The Power Law: Venture Capital and the Making of the New Future. He joined Olga Serhiyevich, head of investor relations, for this conversation. Takeaways: - Sebastian wrote a book about hedge funds prior to The Power Law and he contrasts VCs and hedge fund managers by saying that VCs are much more extraverted. VCs and others around the startup world are eager and willing to make introductions and actually follow through where others say they will make an intro and don't follow through. - Venture is a fun and exciting business to be in because you're dealing with bold visions of the future, highly talented and optimistic founders, and you get to see the progress and outcome of each startup that is trying to do something novel and ambitious. - Sebastian says that bubbles are inevitable in venture capital because of the nature of the business. He says there's no “off switch” or equivalent of shorting a company. There are also so many connections among venture capitalists that no one is willing to say anything negative about anyone else's investments. - He predicts a significant expansion of startup funding outside of Silicon Valley post-pandemic. Being able to deals over Zoom significantly expands the scope of where a VC can invest. - He is bullish on Europe especially because it has a consumer market that is even bigger than the US and the entrepreneurial mentality is growing among prospective startup founders in Europe. - Sebastian says that AI is the biggest development on earth since humans first developed the capacity for abstract thought. Some compare it to the printing press and he says it will be way bigger than that.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.Want to get updates from us? Subscribe to get a peek inside the Village. We'll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. www.villageglobal.vc/signup

The Universal Family Podcast
UFP #63 - HHN. Q&A. Mallaby.

The Universal Family Podcast

Play Episode Listen Later Aug 24, 2023 60:55


Our FIRST ever HHN trip is nearing and we have TONS of questions so we invited our friend, expert and "dubya O P" podcast extraordinaire Lee Mallaby to help us out. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠UFpodcast.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ to contact us or find us on Facebook (UniversalFamilyPodcast) or on Instagram (UniversalFamPod) Please add The Universal Family Podcast to your library wherever you listen to your podcasts. We hope you enjoy our show about all things Universal Orlando!

Rush of Fear : Halloween Horror Nights Podcast
The Last of Us Deep Dive with UUOP Host Lee Mallaby!

Rush of Fear : Halloween Horror Nights Podcast

Play Episode Listen Later Aug 23, 2023 84:17


Maddy, Kenneth, and Michelle are joined by UUOP Host and The Last of Us enthusiast Lee Mallaby to gush all about The Last of Us!! There isn't much more to it than that! Follow us on Instagram and Twitter at @rushoffearpod for more HHN content! Email us with any questions, comments and fun at rushoffear21@gmail.com

10X Growth Strategies
E61 The Power Law (author Sebastian Mallaby) with Ashmeet Sidana

10X Growth Strategies

Play Episode Listen Later Aug 10, 2023 31:10


The book “The Power Law” is an astonishingly frank and intimate story of Silicon Valley's dominant venture capital firms. How their strategies and fates have shaped the path of innovation and the global economy.  In today's episode, Arthi Vijayaraghavan, VP of Products at OJO had the chance to talk to Ashmeet Sidana, Chief Engineer at Engineering Capital, a VC firm investing in startups founded on the basis of technical insight. Tune in to listen to an engaging discussion on VC investing, journey of the firms, the evolution of the industry. Lot of insights shared from Ashmeet's personal journey, firms he has mentored and managed over the years.

Macro Hive Conversations With Bilal Hafeez
Sebastian Mallaby on the Rise of Venture Capital and Their Impact on the World

Macro Hive Conversations With Bilal Hafeez

Play Episode Listen Later Jul 21, 2023 61:35


Sebastian is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). An experienced journalist and public speaker, Mallaby contributes to a variety of publications, including Foreign Affairs, the Atlantic, the Washington Post, and the Financial Times, where he spent two years as a contributing editor. He is the author of five books, including bestseller More Money Than God: Hedge Funds and the Making of a New Elite and most recently The Power Law: Venture Capital and the Making of the New Future. In this podcast we discuss how Venture Capital (VC) work, Arthur Rock (father of VC), re-thinking Greenspan, and much more.   Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive    

New Books Network
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

New Books Network

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

The Future of . . . with Owen Bennett-Jones
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

The Future of . . . with Owen Bennett-Jones

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

New Books in Economics
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

New Books in Economics

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

New Books in Science, Technology, and Society
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

New Books in Science, Technology, and Society

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/science-technology-and-society

New Books in Finance
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

New Books in Finance

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

New Books in Business, Management, and Marketing
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

New Books in Business, Management, and Marketing

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

New Books in Economic and Business History
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

New Books in Economic and Business History

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices

New Books in Technology
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

New Books in Technology

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/technology

NBN Book of the Day
The Future of Venture Capitalists: A Discussion with Sebastian Mallaby

NBN Book of the Day

Play Episode Listen Later Jun 20, 2023 38:55


By providing capital to back the ideas and efforts of others, venture capitalists can make absurd amounts of money. But there is another way of looking at it – venture capitalists take huge risks and produce great benefits. Many of the companies we rely on today began with a punt by a venture capitalist. Sebastian Mallaby discusses venture capitalists with Owen Bennett Jones. Mallaby is the author of The Power Law: Venture Capital and the Making of the New Future (Penguin, 2022) among other books.  Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

Beginner's Mind
MM 6: Sebastian Mallaby: The Art of Storytelling in Venture Capital

Beginner's Mind

Play Episode Listen Later Jun 18, 2023 6:17


Welcome back to another episode of Memorable Moments. Today's spotlight is on the conversation with Sebastian Mallaby, acclaimed author of 'The Power Law'.Venture capital, often a labyrinth of jargon and complex concepts, is made accessible through Mallaby's unique storytelling approach. This episode reveals the meticulous process behind his writing, showcasing the comprehensive research and interviewing methods that shape his work. It's a testament to the power of storytelling in making even the most complex subjects engaging.The journey continues with the uncovering of the stories behind venture capital. These narratives, brought to life through Mallaby's exceptional storytelling, offer a fresh perspective on the world of venture capital.Curiosity about the evolution of venture capital or a simple appreciation for great storytelling makes this episode a must-listen. This memorable moment with Sebastian Mallaby invites listeners to immerse themselves in the fascinating world of venture capital. Listen now, and let the journey begin.Join my newsletterCheck out the sponsors to support the showFull EpisodeSupport the showDo you want to support the podcast team? Join the LSG2G Newsletter as a paying member: Link

SL Advisors Talks Energy
The Coming Squeeze On Bank Deposit Rates

SL Advisors Talks Energy

Play Episode Listen Later Mar 22, 2023 5:20


An Op-Ed in the Washington Post last week suggested that unrealized losses on fixed income investments are likely much higher than the $640BN on held to maturity MBS. It was written by Sebastian Mallaby, who wrote about hedge funds in More Money Than God and has published several other finance books. Mallaby relies on two […]

OODAcast
Episode 107: Sebastian Mallaby on How Venture Capitalists and Hedge Funds Achieve Success

OODAcast

Play Episode Listen Later Mar 3, 2023 59:15


Sebastian Mallaby joined the OODAcast for a discussion about the Power Law in venture capital and the rise of the global hedge fund and private equity industries. Sebastian's book “The Power Law: Venture Capital and the Making of the New Future” is one of the most insightful books on the venture capital industry I've read to date and was included in my Top 10 Security, Technology & Business books of 2022. In this conversation, we discuss the differences between different investment companies like venture capital, private equity, and hedge funds and discuss the financial and geopolitical mechanics and decision-making approaches that allow for success in each variation. Official Bio: Sebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). An experienced journalist and public speaker, Mallaby contributes to a variety of publications, including Foreign Affairs, the Atlantic, the Washington Post, and the Financial Times, where he spent two years as a contributing editor. He is the author of five books, most recently The Power Law: Venture Capital and the Making of the New Future. (Long Bio) Sebastian's Books: The Power Law: Venture Capital and the Making of the New Future More Money Than God: Hedge Funds and the Making of a New Elite The Man Who Knew: The Life and Times of Alan Greenspan Sebastian on Twitter Book Recommendation:The Creativity Code

Interpreting Wine Podcast | Travel | Enotourism | Tasting
Ep 510: Luke Mallaby, Mitolo Wines, McLaren Vale Winemaker Series, 2/3

Interpreting Wine Podcast | Travel | Enotourism | Tasting

Play Episode Listen Later Feb 24, 2023 52:26


Ep 510: Luke Mallaby, Mitolo Wines, McLaren Vale Winemaker Series, 2/3 We continue the McLaren Vale Winemaker series today in the company of Luke Mallaby of Mitolo Wines (00:00:08) Episode intro (00:01:10) Luke Mallaby Origin Story Mitolo Deep Dive McLaren Vale Culture and Geography Grower Relationships with Lopresti Family Winemaking Decisions and Site Interpretation Sparkling Programme UK Export Market Activities If you know someone who would enjoy this episode please share the direct link: www.interpretingwine.com/510 If you really enjoyed it please leave the episode an iTunes review on the same link. Thanks!

The Universal Family Podcast
UFP #36 - Mallaby. Universal. Trivia.

The Universal Family Podcast

Play Episode Listen Later Feb 16, 2023 71:28


In this episode we are joined by quiz master and UUOP's very own Lee Mallaby as he tests our wits with his Big Fat Universal Orlando Quiz (2022 edition). Who will reign supreme in this Universal Family epic showdown?  Visit UFpodcast.com to contact us or find us on Facebook (UniversalFamilyPodcast) or on Instagram (UniversalFamPod)  Please add The Universal Family Podcast to your library wherever you listen to your podcasts. We hope you enjoy our show about all things Universal Orlando!

The Buzz with ACT-IAC
The Power Law with Sebastian Mallaby

The Buzz with ACT-IAC

Play Episode Listen Later Feb 1, 2023 57:35


In the annals of tech history, few places carry as weighty a reputation as Silicon Valley. The very name is synonymous with the US technology sector. Somehow, this small region of Northern California has managed to produce nearly all of the most successful and most dominant technology companies in modern history. To the untrained eye, the story of Silicon Valley appears almost magical. Yet to this week's guest, the success of Silicon Valley is perfectly logical, and indeed, replicable, under the right conditions. The key is venture capital. In his book, The Power Law: Venture Capital and the Making of the New Future, journalist Sebastian Mallaby, examines the unique attributes that enabled the venture capital system to produce such rapid innovation, in Silicon Valley and beyond. Subscribe on your favorite podcast platform to never miss an episode! For more from ACT-IAC, follow us on Twitter @ACTIAC or visit http://www.actiac.org.

StraightTalk.Live
Ep 85 Sebastian Mallaby: The Future of Venture Capital in a Remote Working World

StraightTalk.Live

Play Episode Listen Later Jan 9, 2023 63:19


Sebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). An experienced journalist and public speaker, Mallaby contributes to a variety of publications, including Foreign Affairs, the Atlantic, the Washington Post, and the Financial Times, where he spent two years as a contributing editor. He is the author of five books, most recently The Power Law: Venture Capital and the Making of the New Future. His other books include The Man Who Knew (2016), More Money Than God (2010), and The World's Banker (2004).

The President's Inbox
The U.S.-China Economic Cold War, With Sebastian Mallaby

The President's Inbox

Play Episode Listen Later Dec 6, 2022 31:42


Sebastian Mallaby, the Paul A. Volcker senior fellow for international economics at the Council and a columnist at the Washington Post, sits down with James M. Lindsay to discuss the likely consequences of the recent U.S. ban on the export of advanced semiconductor chips and technology to China.    Mentioned on the Podcast   Sebastian Mallaby, The Power Law: Venture Capital and the Making of the New Future   For an episode transcript and show notes, visit us at: https://www.cfr.org/podcasts/us-china-economic-cold-war-sebastian-mallaby  

china washington post council economic cold war us china sebastian mallaby mallaby power law venture capital paul a volcker james m lindsay
Beginner's Mind
#92: Sebastian Mallaby - The Power Law - A Brief History of Venture Capital

Beginner's Mind

Play Episode Listen Later Nov 29, 2022 55:26


How did Venture Capital evolve? When did it start? Get the answers right here in the book The Power Law by Sebastian Mallaby.⭐ In this episode, we talk about:• Storytelling Methods and a Writers Work Process• What is Venture Capital – From the Writers Perspective• How Did Silicon Valley Evolve into the Center of the Innovation World?• The 3 Most Crucial Moments in the Development of Venture Capital• The Future of the European Tech Eco-System• And much, much more⭐ EPISODE Links:Today's speaker is Sebastian Mallaby. Youtube

The Universal Family Podcast
UFP #22 - Lord. Lady. Mallaby.

The Universal Family Podcast

Play Episode Listen Later Nov 3, 2022 49:37


In this episode we are joined by Universal podcasting legends, and the inspiration for our own podcast, Lee and Tracey Mallaby from the Unofficial Universal Orlando Podcast. Visit UFpodcast.com to contact us or to listen to The Universal Family Podcast. Please add The Universal Family Podcast to your library wherever you listen to your podcasts. We hope you enjoy the show! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

lord universal mallaby unofficial universal orlando podcast
Understanding VC
Deep Dive: The Power Law with Sebastian Mallaby

Understanding VC

Play Episode Listen Later Sep 21, 2022 57:20


In this episode, you will learn:Silicon Valley's open and sharing culture and the role VCs had in its makingThe mindset of a VCThe role VCs played in making companies like Apple what they are todayVCs who've stood out to Sebastian while researching for the bookBill Gurley and his investment in Uber + how he understood that network businesses are lucrativeWhat is the solution for growth investors coming in and spoiling the market?Why taking risks as a VC shouldn't equate to writing checks with minimum due diligenceThe importance of network embeddedness + preparedness for a VC3 things to do to remain at the top as a VCAboutSebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). He is an experienced journalist and public speaker and contributes to a variety of publications, including Foreign Affairs, the Atlantic, the Washington Post, and the Financial Times, where he spent two years as a contributing editor. He is also the author of five books, most recently The Power Law: Venture Capital and the Making of the New Future.

This Week in Startups
The Definitive History of VC with "Power Law" author Sebastian Mallaby | E1550

This Week in Startups

Play Episode Listen Later Sep 1, 2022 69:13


Huge interview today. "Power Law" author Sebastian Mallaby joins the show to break down some of the most important moments in VC history and his lessons from writing the book, including: the youth revolt (14:18), KP vs Sequoia (27:02), what makes a legendary VC (38:40), and more! (0:00) Jason tees up today's interview with "Power Law" author Sebastian Mallaby (1:42) Sebastian explains how and why he wrote a book on the history of VC (13:13) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist (14:18) The virtuous cycle of luck early in a VC career, youth revolt in startups, Zuckerberg spurning Sequoia (26:02) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist (27:02) Tom Perkins and the Kleiner Perkins rise and fall vs Sequoia's sustained dominance, KP's Genentech investment (37:18) Harmonic - Get $4000 off at https://harmonic.ai/twist (38:40) What characteristics make a legendary VC? (56:29) Why are institutional LPs allocating more capital to VC, what happened with China's interest in the industry? Other investable industries other than software FOLLOW Sebastian: https://twitter.com/scmallaby FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood BUY "Power Law": https://www.amazon.com/Power-Law-Venture-Capital-Making/dp/B094PSKDZV

FEG Insight Bridge
The Power Law with Sebastian Mallaby

FEG Insight Bridge

Play Episode Listen Later Aug 2, 2022 48:04 Transcription Available


This episode of the FEG Insight Bridge features Sebastian Mallaby, the Paul Volcker senior fellow for international economics at the Council on Foreign Relations and renowned journalist and author whose works include More Money Than God: Hedge Funds and the Making of a New Elite and The Man Who Knew: The Life and Times of Alan Greenspan, among others. The focus of this discussion is Sebastian's most recent book, The Power Law: Venture Capital and the Making of the New Future. Sebastian also shares his thoughts on the unique nature of Silicon Valley, the enormous influence of key venture capitalists on the industry, and the art and responsibility of storytelling. Listen in on this fascinating conversation to better understand the mysteries of venture capitalism, the mindset of successful VCs, and why governance is crucial, even—or especially—for decacorns.

RSA Events
Venture capital and the future of innovation

RSA Events

Play Episode Listen Later Jun 2, 2022 58:46


Sebastian Mallaby is one of the world's most admired and respected financial storytellers. In his new book The Power Law he draws on unprecedented access to insiders and legendary figures of the venture capital community to tell the origin stories of the VC-backed enterprises that have changed our world in recent decades, from Apple and Google to eBay and Alibaba. The key to understanding the venture capitalist mindset, he explains, is to grasp that they operate according to an enduring financial ‘power law' which justifies big bets on ‘moon-shot' projects due to the outsize rewards of rare success. But can we trust the path of innovation and the global economy to a tribe of maverick risk-takers? The VC community is notorious for its lack of gender and racial diversity. High profile scandals, toxic cultures and profound imbalances of power and equity have soured the public mood towards the tech-industrial complex that it has hugely shaped. Is a VC-funded future compatible with the pursuit of a more democratic and inclusive economy and society? Mallaby insists venture capital has an important role to play in liberating the finance and expertise that will create the transformative scientific and technological innovations that will improve all our lives. Indeed, he argues, VC networks combine and complement the roles of markets and corporations to form an essential ‘third pillar' of modern capitalism. And so it's more important than ever to understand how VCs think and operate so their skills can be harnessed more effectively for the global common good.  #RSAventure Become an RSA Events sponsor: https://utm.guru/ueemb Donate to The RSA: https://utm.guru/udNNB Follow RSA Events on Instagram: https://instagram.com/rsa_events/ Follow the RSA on Twitter: https://twitter.com/RSAEvents Like RSA Events on Facebook: https://www.facebook.com/rsaeventsofficial Listen to RSA Events podcasts: https://bit.ly/35EyQYU

Books on Pod
#240 - Sebastian Mallaby on THE POWER LAW

Books on Pod

Play Episode Listen Later May 5, 2022 57:45


Journalist and author Sebastian Mallaby, the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations, chats with Trey Elling about THE POWER LAW: VENTURE CAPITAL AND THE MAKING OF THE NEW FUTURE. Topics include: A definition of "power law" (0:35) An explanation of venture capital (VC) (2:05) The "Traitorous Eight" and their influence on the beginnings of Silicon Valley and VC (3:00) VC's investment in Atari factoring in "wild-man risk" (6:59) VC's responsibility in accelerating DNA-editing technology in the 1970s (12:02) Apple is an example of a successful venture network (14:41) The counterintuitive concept that weak ties generating a better circulation of info than strong times (18:34) What Don Valentine's achievements with Cisco in the `1980s unlocked going forward (21:38) Mosaic Communications (aka Netscape) serving as another major step in the Power Law's evolution (26:11) How Yahoo's insistence that its search engine remained free altered the way VCs approached internet technology investments (29:44) VCs' responsibility with the tech bubble bursting in 2000 (32:59) Google playing the investment game so well that created another massive shift with VC (36:08) The cause of Peter Thiel's disdain for VCs in the last 1990s and early 2000s (41:37) Why Thiel is so good at the VC game (44:52) VC's significant role in China's financial advances (49:08) Whether Venture Capital has fueled the rise of blockchain and cryptocurrencies (54:27) If VCs are making the world a better place, more often than not (55:33)

Insecurity Analysis

Hello everyone,I'm excited to share my second conversation with Sebastian Mallaby. Last time, we discussed his book More Money Than God. A quote from that conversation stuck with me:“The key was to do an unreasonable amount of preparation work. It shows you're serious and not wasting people's time by asking the obvious questions.”This time, we discussed The Power Law (see my write-up) in which he tackled the history of venture capital. The two worlds make for an interesting contrast: venture capitalists, networkers by nature, are more willing to meet and chat. But they're also natural storytellers which presents a challenge in the search for truth.In his book, Mallaby tried to disentangle luck and skill in venture investing, how to build winning and lasting cultures, and the importance of VCs for Silicon Valley. I had a lot of fun digging into these questions with him. I hope you enjoy the conversation. You can listen to it on your podcast player of choice: Spotify, Apple, at anchor, and via RSS.You can also add the Substack podcast feed to your podcasting player with the link on the bottom-right of the player.While individually “the story of every bet can seem to hinge on serendipity,” he argues that over the long run, “the best venture capitalists consciously create their luck.” The best “work systematically to boost the odds that serendipity will strike repeatedly.” A History of Systematic Serendipity and Grand Slams“The great challenge at venture partnerships is that the principals must refrain from killing each other.” Michael Moritz“When people write about the venture business, they're always writing about the startups we back. They never write about the most important investment we make, which is in the business.” Michael Moritz."The fast moving of ideas, people and money until they reached their optimal use, that's what made Silicon Valley worked. That's what made innovation turbocharged. "But where did that fast circulation come from, and my argument is it comes from venture capitalists."Some highlights from the conversation:* Sequoia:* “It took a year or two of networking to break into the cathedral. But once I was in they are very thoughtful people. … They explained to me how they thought about behavioral biases in decision-making. … For example, we know that we anchor on past decisions. When a VC decides not to invest in a startup at the Series A stage, it's quite difficult to change your mind at the Series B. … it's painful to pay much more … because we were wrong the first time. They kind put that on the table and said, we're probably anchoring, we're probably turning things down at Series B. From now on anybody who argues against the Series B investment is going to be subjected to cross examination - are you sure you're not anchoring?”* Strategy buckets in venture vs. hedge funds:* “Having written More Money Than God I was keen to put these different companies in buckets. I would see two different venture investors who had invested in the same company. I would try to find out … the contrasting mindsets. … People tend to have a few different stories going on in their head at once when they invest. It's not like you go with one chain of logic but not the other one. In venture capital, the distinctions people make are more around stage. Are you a seed investor, a series A investor, a growth investor. They might make distinctions by geography and they might make distinctions by sector.* But the mental approach, they say things like, some people want to bet on the size of the market and other people really want to bet on the type of founder they are backing. When I stress tested that kind of theory, I found it was normally not true.* Google had a strong position at series A because it had a working product which already had better search results than rivals. [Sequoia and Kleiner Perkins shared the round.] You had a natural experiment. The two were doing the same investment: did they have a different logic? And I came to the view that they had a subtly different logic. Kleiner Perkins was more a believer in technical breakthroughs, a product that was 10x better. I think that reflected the fact that both the dominant partners, John Doerr and Vinod Khosla were engineers by training. When they backed Google, I think they really believed the fact that the product was better was a huge deal. And therefore it justified a high valuation. I think Michael Moritz, who invested for Sequoia, came at it with a slightly different mindset. He also could see the product was much better. But I think he also thought of the Google investment in terms of the media side that he came out of himself. He said he made he invested in Google to look after Yahoo. He'd already invested in Yahoo. Yahoo had a popular web portal at the time. Part of him thought that Google could be the search engine in the top right-hand corner of the Yahoo site, a very valuable utility.”* Identifying founders:* “[At Accel] the idea was that when you saw a new technological wave coming, you would prepare your mind for what was going to happen. You would think through the potential businesses that would logically have to be created. … different types of business would logically have different types of founders.When you were building capital-intensive hardware you wanted somebody who was really responsible and deliberate and a good engineer and was not going to make the mistake of spending large amounts of capital on a manufacturing operation until they really got the design.* But when you were doing software, 10 or 20 years later … much more cheaply than a hardware product. The right approach is to move fast and break things. When Mark said that about Facebook, it wasn't some sort of t-shirt slogan.It was the logical implication of a world where software businesses were dominant. At software you do A/B testing. You put things in the market and … see which one goes better. The barrier to putting it into the market is so low, that's the best way to figure out product market fit. Therefore in a software world, a young founder who is brash and moves quickly and doesn't care about being responsible is perfectly fine.”* Asset manager franchise value:* “If you can create a machine, a system that can survive a change of staff and pretty much function the same way, then you've got something with franchise value. Also if you've got predictable revenue streams. … Private equity is so large that simply the management fee is attractive for the public markets. And there are fairly formulaic things that you do both in evaluating the deal and then adding value afterwards. Um, not to say they're simple because they could involve quite complex, say data science around improving the pricing strategy of the portfolio company after you've bought it. It's not simple, but it's formulaic.Hedge funds, when it comes to discretionary trading are simply not like that. There's a funny story in More Money than God about Paul Tudor Jones who tried to systematize this macro trading, had somebody to sit right next to him and watch his moves and … and take those insights and put them into an algorithm and do systematic trading. It just didn't work at all. … The exception in hedge fund space is algorithmic trading, where … concentrating market share in a few hands, those guys possibly could go public one day.”* Are VCs important?* “When I looked carefully and in detail at the history of Silicon Valley, I came away with a view that they were extremely important. People would say it's about Stanford. … But it just is wrong. MIT was a stronger engineering school in the sixties and seventies when this whole story began. … Then there was another story about defense contracts being the explanation for the origin of Silicon Valley. And yes, there were defense dollars being spent on semiconductors … but there were more defense dollars being spent on the military industrial complex centered on MIT and the Boston area. …* Another more persuasive story is about non-compete contracts. California has a special provision in the law that says you can't prevent your employee from quitting your company and joining a startup. And that's important to the startup ecosystem. I take that seriously. … When you look through these different variables, it turns out that venture capital really was the key thing that made Northern California special. That particular sort of risk friendly version of venture capital that was very hands-on and willing to back entrepreneurs even if they didn't necessarily have all the pieces they needed to make a startup function. …. * And so in this way, the act of entrepreneurship, which is scary and risky, is a bit de-risked by venture capital. Venture capital is a machine for manufacturing courage. That's extremely important to understanding how Silicon Valley grew up.”Disclaimer: I write and podcast for entertainment purposes only. This is not investment advice. I am not your fiduciary or advisor. Do your own work and seek your own financial, tax, and legal advice before making any investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit alchemy.substack.com/subscribe

Insecurity Analysis
Sebastian Mallaby and the Machine for Manufacturing Courage

Insecurity Analysis

Play Episode Listen Later May 5, 2022 58:16


Hello everyone, I'm excited to share my second conversation with Sebastian Mallaby. Last time, we discussed his book More Money Than God. A quote from that conversation stuck with me: “The key was to do an unreasonable amount of preparation work. It shows you're serious and not wasting people's time by asking the obvious questions." This time, we discussed The Power Law (see my write-up) in which he tackled the history of venture capital. The two worlds make for an interesting contrast: venture capitalists, networkers by nature, are more willing to meet and chat. But they're also natural storytellers which presents a challenge in the search for truth. In his book, Mallaby tried to disentangle luck and skill in venture investing, how to build winning and lasting cultures, and the importance of VCs for silicon valley. And while he admits that individually “the story of every bet can seem to hinge on serendipity,” he argues that over the long run, “the best venture capitalists consciously create their luck.” Individual venture capitalists can “can stumble sideways into fortunes” and at times it seems like luck beats diligence and foresight. The best however, “work systematically to boost the odds that serendipity will strike repeatedly.” “The great challenge at venture partnerships is that the principals must refrain from killing each other.” Michael Moritz “When people write about the venture business, they're always writing about the startups we back. They never write about the most important investment we make, which is in the business.” Michael Moritz. "The fast moving of ideas, people and money until they reached their optimal use, that's what made Silicon Valley worked. That's what made innovation turbocharged. "But where did that fast circulation come from, and my argument is it comes from venture capitalists." I had a lot of fun digging into these questions with him. I hope you enjoy the conversation.

Invest In The Future
Season 2 Episode 4 With Sebastian Mallaby - Author The Power Law: Venture Capital and the Making of the New Future.

Invest In The Future

Play Episode Listen Later Apr 18, 2022 57:26


In this episode, our Principal, Peter Kisadha, talks to Sebastian Mallaby, author of The Power Law: Venture Capital and the Making of the New Future. Mallaby is a Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR) about his recently published book, The Power Law: Venture Capital and the Making of the New Future, and the important lessons African VCs can learn from it. He is an experienced journalist and public speaker; Mallaby contributes to a variety of publications, including Foreign Affairs, the Atlantic, the Washington Post, and the Financial Times, where he spent two years as a contributing editor. He is the author of five books, most recently The Power Law: Venture Capital and the Making of the New Future. Invest In The Future is a live fireside chat series by Future Africa to learn from prolific founders & investors who have invested in and built some of the world's most impactful technology companies. Future Africa is an early-stage fund that connects investors to mission-driven startups looking to turn Africa's most difficult challenges into global business opportunities. Learn more about Future Africa at www.future.africa The content of this podcast should not be regarded as investment advice.

Danny In The Valley
Bimble's Francesca Howland and Julia Mallaby: “We launched a travel startup in Covid”

Danny In The Valley

Play Episode Listen Later Apr 15, 2022 37:42


The Sunday Times' tech correspondent brings on Francesca Howland and Julia Mallaby, co-founders of Bimble, to talk about what they did before launching their travel startup (3:50), when they decided to team up (8:10), starting a company mid-career (10:20), raising money (15:05), launching the app (18:35), their worst day (19:40), setting up their tech team in Ukraine (22:20), building up a social network (28:35), coming up with the name (32:15), and influencer marketing (33:00). See acast.com/privacy for privacy and opt-out information.

World of DaaS
Sebastian Mallaby: The Greatest Storyteller in Venture Capital

World of DaaS

Play Episode Listen Later Apr 12, 2022 57:11


Sebastian Mallaby is the author of The Power Law, a renowned journalist and a senior fellow for international economics at the Council on Foreign Relations. Sebastian and Auren start by discussing the powerful trends in the recent history of Venture Capital. They discuss the rise of the growth funds and crossover funds and the issues with governance that are created as a company grows. They also dive into what makes firms like Sequoia and Benchmark truly special. Sebastian and Auren also review the major macroeconomic crises of the past 40 years and what we've learned about the Federal Reserve's role in navigating crises. World of DaaS is brought to you by SafeGraph. For more episodes, visit safegraph.com/podcastsYou can find Auren Hoffman (CEO of SafeGraph) on Twitter at @auren and Sebastian Mallaby at @scmallaby

Capital Allocators
Sebastian Mallaby – The Making of the New Future in Venture, Venture is Eating the Investment World 14 (Capital Allocators, EP.245) 

Capital Allocators

Play Episode Listen Later Apr 11, 2022 52:42


Sebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations, a contributing columnist for The Washington Post, two-time Pulitzer Prize Finalist, and New York Times best selling author. His most recent book, The Power Law: Venture Capital and the Making of the New Future, chronicles the history of the industry, and his key takeaways serve as the perfect conclusion to our mini-series. Our conversation starts with his career as a writer and how he approaches writing books. We then dive into the origins of the venture industry, foundations of early-stage investing, and critical success factors. We dissect different ownership structures, the importance of mentorship, competition, the current pace of capital deployment, and venture capital abroad. We close discussion the industry's gender gap, challenges to future success, and thoughts on Sebastian's next project.   Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership 

The VC Power Law with CFR senior fellow Sebastian Mallaby

Play Episode Listen Later Apr 9, 2022 26:10


In his new book, “The Power Law: Venture Capital and the Making of the Future,” Council on Foreign Relations senior fellow Sebastian Mallaby brings his erudite attention from the hedge fund world to venture capital, interviewing the industry's leading players over the last 50 years to discover what is unique about this industry that “manufactures courage.” In this episode, Mallaby, Josh Wolfe and Danny Crichton talk about the structural and cultural differences between hedge funds and VC firms, the long-term lessons that get re-learned by each generation of VCs, how succession is planned (and not), as well as a side story of a VC and a pile of maggot-filled meat laid by Hunter S. Thompson.

Chris Voss Podcast
Chris Voss Podcast – The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby

Chris Voss Podcast

Play Episode Listen Later Mar 28, 2022 45:47


The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby From 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 economy READ MORE The post Chris Voss Podcast – The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby appeared first on Chris Voss Official Website.

Manifold
Sebastian Mallaby: Venture capital as an engine of courage — #8

Manifold

Play Episode Listen Later Mar 24, 2022 76:11


Sebastian Mallaby is a writer and journalist whose work covers financial markets, international relations, innovation, and technology. He is the author of "The Power Law: Venture Capital and the Making of the New Future." Steve and Sebastian discuss venture capital, tech startups, business model and technology innovation, global adoption of the Silicon Valley model, and the future of innovation.Biography:https://www.cfr.org/expert/sebastian-mallabyhttps://en.wikipedia.org/wiki/Sebastian_MallabyThe Power Law: Venture Capital and the Making of the New Futurehttps://www.amazon.com/Power-Law-Venture-Capital-Making/dp/052555999X--Music used with permission from Blade Runner Blues Livestream improvisation by State Azure.--Steve Hsu is Professor of Theoretical Physics and of Computational Mathematics, Science, and Engineering at Michigan State University. Previously, he was Senior Vice President for Research and Innovation at MSU and Director of the Institute of Theoretical Science at the University of Oregon. Hsu is a startup founder (SafeWeb, Genomic Prediction, Othram) and advisor to venture capital and other investment firms. He was educated at Caltech and Berkeley, was a Harvard Junior Fellow, and has held faculty positions at Yale, the University of Oregon, and MSU.Please send any questions or suggestions to manifold1podcast@gmail.com or Steve on Twitter @hsu_steve.

ManifoldOne
Sebastian Mallaby: Venture capital as an engine of courage — #8

ManifoldOne

Play Episode Listen Later Mar 24, 2022 76:11


Sebastian Mallaby is a writer and journalist whose work covers financial markets, international relations, innovation, and technology. He is the author of "The Power Law: Venture Capital and the Making of the New Future." Steve and Sebastian discuss venture capital, tech startups, business model and technology innovation, global adoption of the Silicon Valley model, and the future of innovation.Biography:https://www.cfr.org/expert/sebastian-mallabyhttps://en.wikipedia.org/wiki/Sebastian_MallabyThe Power Law: Venture Capital and the Making of the New Futurehttps://www.amazon.com/Power-Law-Venture-Capital-Making/dp/052555999X--Music used with permission from Blade Runner Blues Livestream improvisation by State Azure.--Steve Hsu is Professor of Theoretical Physics and of Computational Mathematics, Science, and Engineering at Michigan State University. Previously, he was Senior Vice President for Research and Innovation at MSU and Director of the Institute of Theoretical Science at the University of Oregon. Hsu is a startup founder (SafeWeb, Genomic Prediction, Othram) and advisor to venture capital and other investment firms. He was educated at Caltech and Berkeley, was a Harvard Junior Fellow, and has held faculty positions at Yale, the University of Oregon, and MSU.Please send any questions or suggestions to manifold1podcast@gmail.com or Steve on Twitter @hsu_steve.

The Economics Review
Ep. 49 - Sebastian Mallaby | Featured Guest Interview

The Economics Review

Play Episode Listen Later Mar 23, 2022 29:08


Sebastian Mallaby is the Paul Volcker Senior Fellow at the International Economics at the Council on Foreign Relations and a Washington Post columnist. He previously spent thirteen years at The Economist magazine, covering international finance, and eight years on the editorial board of The Washington Post, focusing on globalization and political economy. His latest book is The Power Law: Venture Capital and the Making of the New Future. 

Hidden Forces
A History of Venture Capital & How to Make the Future | Sebastian Mallaby

Hidden Forces

Play Episode Listen Later Mar 14, 2022 46:27


In Episode 237 of Hidden Forces, Demetri Kofinas speaks with journalist, historian, and author Sebastian Mallaby about his latest book, “The Power Law,” which delves into the history of the venture capital industry and early-stage investing. This conversation is meant to provide you with a framework for thinking about how to invest in businesses, initiatives, and projects, which not only lack cash flows, but whose values are often fundamentally intangible, difficult to measure, and often impossible to quantify. As more and more of our economic life happens in the digital realm, the ability to assess value and invest accordingly will become an increasingly invaluable skill-set for investors. In Part Two of their conversation, which is available to premium subscribers only, Sebastian and I delve into the geopolitics of venture capital, some of the approaches to investing in this space, and how national governments can participate in order to support their domestic defense sectors without creating the malincentives that we often associate with 9-figure fighter jets and four-hundred-dollar hammers. Demetri and Sebastian also discuss Web3 in the context of initial coin offerings and how these types of crowdsourced investments have transformed the early stage landscaped and brought public capital into areas of the market that would have never been able to source it only 10 years ago. Lastly, Sebastian offers his views on the uniquely challenging situation facing the Fed Reserve at the moment and what he thinks is most important to focus on when trying to project the likely path for interest rates, economic growth, and asset prices. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 02/15/2022

Bookstack
Episode 58: Sebastian Mallaby on the venture capitalists

Bookstack

Play Episode Listen Later Mar 14, 2022 25:37


Elon Musk once said that the future cannot be predicted, it can only be discovered. This week, Sebastian Mallaby joins host Richard Aldous to talk about innovation, technology, markets, and his new book The Power Law: Venture Capital and the Making of the New Future.

Rush of Fear : Halloween Horror Nights Podcast
Halloween Horror Nights 31 Wishlists w/ Lee Mallaby

Rush of Fear : Halloween Horror Nights Podcast

Play Episode Listen Later Mar 13, 2022 72:29


Welcome back to Rush of Fear SEASON 2! On this episode the guys are joined by Lee from the Unofficial Universal Orlando podcast, to list their Halloween Horror Nights 31 wishlists. Follow us on Instagram at @rushoffearpodcast for more HHN content! Email us with any questions, comments and fun at rushoffear21@gmail.com

Masters in Business
Sebastian Mallaby on How Venture Capital Made Silicon Valley

Masters in Business

Play Episode Listen Later Feb 25, 2022 89:15


Bloomberg Opinion columnist Barry Ritholtz speaks with journalist Sebastian Mallaby about his new book, “The Power Law: Venture Capital and the Making of the New Future.” Mallaby, a two-time Pulitzer Prize finalist, is a senior fellow at the Council on Foreign Relations. He is also the author of “More Money Than God: Hedge Funds and the Making of a New Elite.” Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

The Chris Voss Show
The Chris Voss Show Podcast – The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby

The Chris Voss Show

Play Episode Listen Later Feb 24, 2022 45:47


The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby From 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 economy Innovations 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.

Political Economy with James Pethokoukis
Sebastian Mallaby: How venture capital creates the future

Political Economy with James Pethokoukis

Play Episode Listen Later Feb 23, 2022 28:07


Most highly ambitious business ventures fail, but the ones that succeed can make billionaires of their early investors. Just look at the most valuable companies in the world today, many of which began as tech startups just a few decades ago. Venture capital firms, by providing early-stage financing for startups, have been conspicuous players in the rise of Silicon Valley since the beginning. But are top VC firms just lucky gamblers, or do they provide a real service to the companies they back? To find out more, I'm joined by Sebastian Mallaby. Sebastian is the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations and author of "https://www.amazon.com/dp/B0942SZJ8H/ref (The Power Law: Venture Capital and the Making of the New Future)."

Political Economy with James Pethokoukis
Sebastian Mallaby: How venture capital creates the future

Political Economy with James Pethokoukis

Play Episode Listen Later Feb 23, 2022


Most highly ambitious business ventures fail, but the ones that succeed can make billionaires of their early investors. Just look at the most valuable companies in the world today, many of which began as tech startups just a few decades ago. Venture capital firms, by providing early-stage financing for startups, have been conspicuous players in the rise of Silicon Valley since the beginning. But are top VC firms just lucky gamblers, or do they provide a real service to the companies they back? To find out more, I’m joined by Sebastian Mallaby. Sebastian is the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations and author of “The Power Law: Venture Capital and the Making of the New Future.”

The Ricochet Audio Network Superfeed
Political Economy with James Pethokoukis: Sebastian Mallaby: How venture capital creates the future

The Ricochet Audio Network Superfeed

Play Episode Listen Later Feb 23, 2022


Most highly ambitious business ventures fail, but the ones that succeed can make billionaires of their early investors. Just look at the most valuable companies in the world today, many of which began as tech startups just a few decades ago. Venture capital firms, by providing early-stage financing for startups, have been conspicuous players in […]

California Sun Podcast
Sebastian Mallaby on the real power in Silicon Valley

California Sun Podcast

Play Episode Listen Later Feb 17, 2022 27:53


The work of Sebastian Mallaby, a financial journalist and author of the new book "The Power Law," shines a light on how Silicon Valley really operates. The names you know — Zuckerberg, Jobs, Dorsey, Brin & Page — are not really the gatekeepers of the future, he argues. The future of technology rests in the hands of people you've probably never heard of, such as Arthur Rock, Alan Patricof, John Dore, Don Valentine, and Marc Andreessen. They control what companies get to start up, what technology gets to market, and what your future will be like. Like so much else, it's about following the money.

Conversations with Tyler
Sebastian Mallaby on Venture Capital

Conversations with Tyler

Play Episode Listen Later Feb 9, 2022 56:10


Venture capital powered the tech revolution, but what powers venture capital? With his in-depth knowledge and coverage of the sector you'd be forgiven for thinking Sebastian Mallaby is a veteran of the Silicon Valley scene. The author of several books on finance and economics, Sebastian takes pride in understanding his subjects intimately (perhaps too intimately, if you ask his critics). His latest book, Power Law: Venture Capital and the Making of the New Future, sheds light on the small but mighty industry. Sebastian joined Tyler to discuss why venture capital skills aren't more replicable, the promise of biotech despite increased regulations, why venture capital remains concentrated in the Bay area even after the pandemic, the differences in risk-taking between East and West coast finance, the secret to Mike Moritz's success as an investor, how Peter Thiel's understanding of the power law set him apart, why he isn't interested in becoming a venture capitalist himself, his predictions for the European tech ecosystem over the next ten years, the original sin of “too big to fail,” the major failure of Alan Greenspan during his tenure at the Fed, the Darwinian evolution of good hedge fund strategy, what Ray Dalio got right with Bridgewater, the finance topics he feels are undercovered, what it takes to be a good Substack writer, why he's bullish on The Information, reasons to be optimistic about the innovative and entrepreneurial trajectories of Japan, the greatest living British historians, the future of the World Bank once China stops borrowing from it, what's causing the decline in popularity of liberal capitalism, the zany appeal of The Grand Budapest Hotel, and more. Check out Macro Musings Follow Macro Musings on Twitter Subscribe to Macro Musings on your favorite podcast app. Visit our website Email: cowenconvos@mercatus.gmu.edu Follow us on Twitter Follow us on Instagram Follow Tyler on Twitter Follow Sebastian on Twitter Like us on Facebook Subscribe to our Newsletter: https://go.mercatus.org/l/278272/2017-09-19/g4ms

Azeem Azhar's Exponential View
How Venture Capital Made the Modern World (with Sebastian Mallaby)

Azeem Azhar's Exponential View

Play Episode Listen Later Feb 9, 2022 57:18


Seventy-five percent of the total value of US companies that have floated since 1995 has been created by venture-backed firms, including Alphabet, Facebook, and countless others. But how did an obscure investment strategy become the engine of modern innovation and where might it go next? Sebastian Mallaby, author of an excellent new book, The Power Law: Venture Capital and the Making of the New Future, joins Azeem Azhar to discuss the history (and future) of venture capital.

EUVC
#48 Sebastian Mallaby, The Power Law

EUVC

Play Episode Listen Later Feb 8, 2022 44:00


The Power Law by Sebastian Mallaby has been capturing headlines in the VC community lately. We sat down with him at The European VC to dive into his book and shed light on some of the stand-out quotes and stories from the book. If you love VC, you'll love this book (and hopefully also our interview with Sebastian

Thoughts in Between: exploring how technology collides with politics, culture and society

Sebastian Mallaby is a journalist and author. His latest book, The Power Law, is an exploration of the history and impact of venture capital that seeks to explain how VCs see the world and why it matters. In this conversation, we discuss why VC is so different from any other asset class, why VC networks should be considered a third core institution of capitalism alongside firms and markets, and whether VC has a positive impact in the world.You can order the Power Law here.-----------------Thanks to Cofruition for consulting on and producing the show. You can learn more about Entrepreneur First at www.joinef.com and subscribe to my weekly newsletter at tib.matthewclifford.com

Keen On Democracy
Sebastian Mallaby on How Silicon Valley is Shaping Innovation and the Economy

Keen On Democracy

Play Episode Listen Later Feb 3, 2022 42:39


In this episode of “Keen On”, Andrew is joined by Sebastian Mallaby, the author of “The Power Law: Venture Capital and the Making of the New Future”. Sebastian Mallaby is a bestselling author, a former Financial Times contributing editor and a two-time Pulitzer Prize finalist. Mallaby is the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations. Visit our website: https://lithub.com/story-type/keen-on/ Email Andrew: a.keen@me.com Watch the show live on Twitter: https://twitter.com/ajkeen Watch the show live on LinkedIn: https://www.linkedin.com/in/ankeen/ Watch the show live on Facebook: https://www.facebook.com/lithub Watch the show on YouTube: https://www.youtube.com/c/LiteraryHub/videos Subscribe to Andrew's newsletter: https://andrew2ec.substack.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The President's Inbox
Venture Capital and the Future of Innovation, With Sebastian Mallaby

The President's Inbox

Play Episode Listen Later Feb 2, 2022 33:07


Sebastian Mallaby, CFR's Paul A. Volcker senior fellow for international economics, sits down with James M. Lindsay to discuss how Silicon Valley's venture capitalists are shaping the future of innovation and the global economy.   Enter the CFR book giveaway before February 16, 2022, for the chance to win one of ten free copies of The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby. You can read the terms and conditions of the offer here.   Books Mentioned on the Podcast   Sebastian Mallaby, More Money Than God: Hedge Funds and the Making of a New Elite (2010)   Sebastian Mallaby, The Man Who Knew: The Life and Times of Alan Greenspan (2016)   Sebastian Mallaby, The Power Law: Venture Capital and the Making of the New Future (2022)   Sebastian Mallaby, The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations (2004)

The Realignment
196 | Sebastian Mallaby: How Venture Capital and the Power Law Shape the Future

The Realignment

Play Episode Listen Later Feb 1, 2022 62:30


Sebastian Mallaby, author of The Power Law: Venture Capital and the Making of the New Future, The Man Who Knew: The Life and Times of Alan Greenspan, and More Money Than God: Hedge Funds and the Making of a New Elite, joins The Realignment to offer a contrarian take on the importance of VC funds when it comes to technological progress, how VC-backed startups challenge big tech incumbents, and how China and the U.S. are pursuing different paths when it comes to regulating firms and the tech unicorns they fund. Liked this (or any other episode)? Send us a tip: https://buy.stripe.com/bIYdRx0gc6qjaEEcMM Subscribe to The Realignment's Substack newsletter: https://therealignment.substack.com/ Visit our Bookshop storefront and support the show: https://bookshop.org/shop/therealignment

What Got You There with Sean DeLaney
#284 Sebastian Mallaby - The Mindsets of Venture Capitals All-Time Greats

What Got You There with Sean DeLaney

Play Episode Listen Later Jan 30, 2022 81:42


Sebastian Mallaby has gained better access to venture capital partnerships in Silicon Valley than any previous writer. Notoriously secretive venture firms, including the famously successful Sequoia Capital, gave him dozens of interviews as well as internal records and memos. Mallaby uncovers what he's learned in his new book, The Power Law: Venture Capital and the Making of the New Future.  Mallaby is also the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). An experienced journalist and public speaker, Mallaby is also a contributing columnist for the Washington Post, where he previously served as a staff columnist and editorial board member. His books include More Money Than God: Hedge Funds and the Making of a New Elite, a New York Times bestseller, and  The Man Who Knew: The Life & Times of Alan Greenspan, winner of the 2016 Financial Times/McKinsey Business Book of the Year Award and the 2017 George S. Eccles Prize in Economic Writing. Transcript  Watch on YouTube *Register for my Ask Me Anything Zoom Call on February 1st! Click Here to Signup Get exclusive access to Masterworks by clicking HERE Subscribe to my Momentum Monday Newsletter Connect with us! Whatgotyouthere Sponsors Masterworks NuSkool Snacks Collagen Protein Bars https://nuskoolsnacks.com/

Insecurity Analysis
Sebastian Mallaby: Understanding Legendary Hedge Fund Investors

Insecurity Analysis

Play Episode Listen Later Nov 19, 2021 69:26


I'm very excited to share my conversation with Sebastian Mallaby, the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations and author of several books including More Money Than Good, The Man Who Knew: The Life & Times of Alan Greenspan, as well as an upcoming book about the history of venture capital (The Power Law). I'm a big fan of More Money Than God and tweeted about the gems in its footnotes. This conversation was an absolute treat and I hope you will enjoy it as much as I did. Disclaimer: this podcast is for entertainment purposes only. It does not constitute an offer to sell or the solicitation of an offer to buy any securities mentioned or discussed. Seek your financial, tax, legal, accounting, or other advisor's advice before making any investment decisions. Do you own work. I am are not your fiduciary or advisor. Conversation highlights: 2:00: Sebastian's journey to the book and topic (hedge funds, also Alan Greenspan) 5:15: How to gain access and build trust. “The key was to do an unreasonable amount of preparation work.” “You win people's respect by doing a ton of homework. It shows that you're serious and you're not wasting people's time by asking the obvious questions.” 7:44: How to decide what questions to ask? “What you really want to know from them is specifically what their thought process was around a particular important or interesting trade. How did they make the call? How did they develop conviction? How did they hold onto the position during the inevitable hiccups and adversity? So it's that reconstruction of the case study.” 11:00: Where to look for information? “The answer is you've got to look everywhere.” 12:20: Finding memos in which Greenspan “described the creation of the Federal Reserve as one of the historic disasters in U.S. history.” 15:00: George Soros who joked "I can only remember the future." Learning the division of labor in the Soros team and the Thai Bhat trade. 20:00: “The culture within an investment company matters almost as much as the analysis that the company does of the market or of the trade.” 21:00: The Korean bank trade. 27:00: Different cultures and investment styles, contrasting Soros, Druckenmiller and Robertson. 31:30: Culture at Tiger and the Tiger cubs. 34:00: Julian Robertson outgrowing his original strategy and the loss of “supercharged incentives.” 39:30: Can investors evolve and adapt? 42:00: Mindset and personality. 47:45: Understanding Paul Tudor Jones. “Genius does not always understand itself.” Vic Braden 49:00: Jones tried to replicate his system with a quant. 52:00: The Lehman Brothers 2008 trade. 56:50: Jones's process and his ‘market scripts.' “Sometimes causation in human actions works in a weird way.” 59:45: Reflecting on the industry and book from today's perspective, a decade later. 1:03: Rise of quantitative trading. 1:08: Sebastian's upcoming book, The Power Law.

Theme Park: The Movie
Halloween Horror Nights (with Lee Mallaby)

Theme Park: The Movie

Play Episode Listen Later Oct 20, 2021 99:10


We talk with Lee Mallaby (The Unofficial Universal Orlando Podcast) about Halloween Horror Nights and our favorite movie-based houses! twitter.com/tptmpod tptmpod@gmail.com Theme song by Pangolin (https://spoti.fi/2F6ll5L) Halloween music: "Halloween Montage" by John Carpenter, Alan Howarth, and Tommy Lee Wallace

Impressions of America: History Podcast
George Soros and Hedge Funds – with Sebastian Mallaby

Impressions of America: History Podcast

Play Episode Listen Later Aug 7, 2021 68:35


Simon, Tobi and Vaughn are joined by journalist and author Sebastian Mallaby to discuss billionaire investor and philanthropist George Soros - from his early years in Hungary during WWII, through his career in the financial world, to his involvement in philanthropy and political donations which have made him a boogieman for Republicans.

Theme Park: The Movie
Jaws/Jaws: The Ride (with Tracey Mallaby)

Theme Park: The Movie

Play Episode Listen Later Jul 14, 2021 88:34


On the premiere episode, we talk with Tracey Mallaby (The Unofficial Universal Orlando Podcast) about the motion picture Jaws and its spinoff attraction Jaws: The Ride! twitter.com/tptmpod tptmpod@gmail.com Theme song by Pangolin (https://spoti.fi/2F6ll5L)

I Meet Hotel - The Hoteliers Podcast
Bimble - An app for the Great Little Places with special guest Julia Mallaby

I Meet Hotel - The Hoteliers Podcast

Play Episode Listen Later Jun 22, 2021 28:10


This week, we are discussing Bimble. Bimble is an application to digitally store all your favourite places to visit and share them across users. How does it work? How can you, as a hotel, use it to create a unique stay for your visitors? Join host Kristian Lupinski with Bimble's CMO and Co-founder, Julia Mallaby as they discuss potential ways you can elevate your guest experience. Support the show (https://www.patreon.com/imeethotel)

Charter Cities Podcast
Development, Jim Wolfensohn, and The World Bank with Sebastian Mallaby

Charter Cities Podcast

Play Episode Listen Later Jan 11, 2021 40:39


Today we sit with Sebastian Mallaby, a successful author and esteemed Senior Fellow for International Economics at the Council of Foreign Relations. He has also been a contributing columnist for The Washington Post and previously served on the editorial board. To open the show, we put Sebastian's career into a nutshell before asking him to expand on his background. He tells us about some of his earliest memories as a young roving correspondent in Africa, cutting his teeth in journalism for The Economist. We go on to talk to Sebastian about the World Bank and discover facts about its inception and the evolution of its role since 1944. He discusses some of the World Bank's constraints before turning his attention to former president of the World Bank, Jim Wolfensohn. Listeners will learn about the life and times of Jim as a human being and as a global leader. Dissecting Jim's achievements, Sebastian analyses Jim's structural adjustment programs and comments on the American-Australian's charisma and knack for communication. In the latter half of the show, we talk about the benefits of the Ease of Doing Business Index and find out Sebastian's stance on the matter. We continue our conversation and hear from Sebastian on how the world has changed since he published his book in 2004, as he contrasts between the classical left-vs.-right and modern populist-vs.-technocratic divisions. To find out more from Sebastian, his thoughts on Jim Wolfensohn, and the position of the World Bank, be sure to join us today. Key Points From This Episode: ●     Introducing today's guest, Sebastian Mallaby. ●     We take a look at some of Sebastian's career highlights before we begin. ●     Sebastian reminisces when he covered Nelson Mandela's 1990 release for The Economist. ●     Hear about the motives behind establishing the World Bank's. ●     Sebastian elaborates on the constraints of the World Bank. ●     Hear about Jim Wolfensohn's private and public life. ●     Sebastian's answers to: Is the World Bank due for a shakeup? ●     Hear Sebastian's thoughts on the Ease of Doing Business Index and its efficacy. ●     We cover the changes since Sebastian published his book in 2004. ●     Sebastian's opinion on Charter Cities, and whether or not it has changed. Links Mentioned in Today's Episode: https://twitter.com/scmallaby?lang=en (Sebastian Mallaby on Twitter) https://www.linkedin.com/in/sebastian-mallaby-13a24936/?originalSubdomain=uk (Sebastian Mallaby on LinkedIn) https://www.britannica.com/biography/James-Wolfensohn (Jim Wolfensohn) https://www.worldbank.org/ (The World Bank) https://www.carnegiehall.org/ (Carnegie Hall) https://www.aiib.org/en/index.html (Asian Infrastructure Investment Bank) https://www.imf.org/external/index.htm (IMF) https://www.britannica.com/biography/Robert-S-McNamara (Robert McNamara) https://www.forbes.com/profile/robert-zoellick/?sh=61f707032374 (Robert Zoellick) https://www.britannica.com/biography/Paul-Romer (Paul Romer) https://www.stanford.edu/ (Stanford University) https://www.britannica.com/biography/Alan-Greenspan (Alan Greenspan) https://twitter.com/tylercowen?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor (Tyler Cowen) https://www.amazon.com/gp/product/B003SNJZ3Y/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 (More Money Than God: Hedge Funds and the Making of the New Elite) https://www.amazon.com/gp/product/B01CDVCAXS/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i1 (The Man Who Knew: The Life & Times of Alan Greenspan) https://www.washingtonpost.com/ (The Washington Post) https://www.economist.com/ (The Economist) Support this podcast

Wana Historia
PERTEMPURAN SEMESTA 10 NOVEMBER 1945 - SPESIAL HARI PAHLAWAN 2020

Wana Historia

Play Episode Listen Later Nov 10, 2020 28:08


Surabaya, 10 November 1945 Bergugur kusuma bangsa mempertahankan dan mendeklarasikan dengan darah mereka bahwa negeri ini sudah merdeka. Dengan menjaga marwah martabat dan harga diri bangsa, dengan semboyan selama masih ada darah yang bisa mengubah warna putih menjadi merah dan putih, selama itu kita tidak akan menyerah. Inggris yang mengultimatum akibat tewasnya Mallaby, dijawab oleh rakyat Jawa Timur di Surabaya dengan tegas. Merdeka Atau Mati ! 10 November 1945, menjadi awal pertempuran hebat yang berlangsung hampir setengah tahun dan meluas hingga ke wilayah Gresik dan Sidoarjo. Nah, apa modal rakyat Surabaya menghadapi kekuatan pasukan pemenang Perang Dunia Kedua ? --- Support this podcast: https://anchor.fm/sejarah-boomas/support

Wana Historia
[PART 1] CENGKRAMA SEJARAH --TIGA HARI YANG MENCEKAM DI SURABAYA 1945--

Wana Historia

Play Episode Listen Later Oct 30, 2020 27:38


Sebelum tragedi perang besar 10 November, Inggris sudah pernah mengalami tragedi mengerikan menghadapi rakyat di Jawa Timur sehingga menewaskan Mallaby. Yaitu Perang 3 Hari tanggal 28-30 Oktober 1945. Simak selengkapnya dalam 2 part yang dibahas langsung oleh Pak Rio Willy dan Pak Ali Murtadho. --- Support this podcast: https://anchor.fm/sejarah-boomas/support

Wana Historia
[PART 2] CENGKRAMA SEJARAH -- TIGA HARI MENCEKAM DI SURABAYA 1945--

Wana Historia

Play Episode Listen Later Oct 30, 2020 22:29


Sebelum tragedi perang besar 10 November, Inggris sudah pernah mengalami tragedi mengerikan menghadapi rakyat di Jawa Timur sehingga menewaskan Mallaby. Yaitu Perang 3 Hari tanggal 28-30 Oktober 1945. Simak selengkapnya dalam 2 part yang dibahas langsung oleh Pak Rio Willy dan Pak Ali Murtadho. --- Support this podcast: https://anchor.fm/sejarah-boomas/support

Racconti dal nascondiglio
Episodio 11 - Edenton Blue

Racconti dal nascondiglio

Play Episode Listen Later Jul 4, 2020 21:53


La storia della Edenton Blue è molto particolare, più che la storia della missione, infatti, è la storia del suo capomissione, il tenente Mallaby, che aveva avuto già un assaggio di azione in Italia nel 1943. Mallaby, un italo-inglese fluente nella lingua, è inviato in Italia attraverso il confine Svizzero all'inizio del 1945 con una missione semplice: entrare in contatto con i partigiani di Como e quindi spostarsi a Milano. La sorte, tuttavia, gli riserva delle sorprese. The story of the Edenton Blue mission is peculiar. It is, in fact, not the story of the mission, but rather of its leader: lieutenent Mallaby, who had already a taste of action in Italy in 1943. Mallaby, an Italo-British, was perfectly fluent in Italian and was sent to Italy across the Swiss border at the beginning of 1945 with a very simple mission: to get in contact with the partisans near Como and then move to Milan. Fate, however, has different plans for him.

Incubator Hedge Fund
More Money Than God: Hedge Funds and the Making of a New Elite with Sebastian Mallaby

Incubator Hedge Fund

Play Episode Listen Later May 18, 2020 54:02


Sebastian Mallaby is the author of More Money Than God: Hedge Funds and the Making of a New Elite Sebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). An experienced journalist and public speaker, Mallaby is also a contributing columnist for the Washington Post, where he previously served as a staff columnist and editorial board member. He is the author of The Man Who Knew: The Life & Times of Alan Greenspan, winner of the 2016 Financial Times/McKinsey Business Book of the Year Award and the 2017 George S. Eccles Prize in Economic Writing. His writing has also appeared in the Atlantic and the Financial Times, where he spent two years as a contributing editor. Mallaby's interests cover a wide variety of domestic and international issues, including central banks, financial markets, the implications of the rise of newly emerging powers, and the intersection of economics and international relations. His previous book, More Money Than God: Hedge Funds and the Making of a New Elite, was described by New York Times columnist David Brooks as “superb”; it was the recipient of the 2011 Loeb Prize and a New York Times bestseller. His earlier works are The World's Banker, a portrait of the World Bank under James Wolfensohn that was named as an “Editor's Choice” by the New York Times; and After Apartheid, which was named by the New York Times as a “Notable Book.” An essay in the Financial Times said of The World's Banker, “Mallaby's book may well be the most hilarious depiction of a big organization and its controversial boss since Michael Lewis's Liar's Poker.” Before joining the Washington Post in 1999, Mallaby spent thirteen years with the Economist. While at the Economist, he worked in London, where he wrote about foreign policy and international finance; in Africa, where he covered Nelson Mandela's release and the collapse of apartheid; and in Japan, where he covered the breakdown of the country's political and economic consensus. Between 1997 and 1999, Mallaby was the Economist's Washington bureau chief and wrote the magazine's weekly Lexington column on American politics and foreign policy. He is a two-time Pulitzer Prize finalist: once for editorials on Darfur and once for a series on economic inequality. In 2015, he helped to found a startup, InFacts.org, a web publication making the fact-based case for Britain to remain in the European Union. Mallaby was educated at Oxford, graduating in 1986 with a first class degree in modern history. After eighteen years in Washington, DC, he moved to London in 2014, where he lives with his wife, Zanny Minton Beddoes, editor in chief of the Economist. --- Send in a voice message: https://anchor.fm/incubatorhedgefund/message

Bloomberg Surveillance
Surveillance: Dollar Centrality Up Since 2008, Mallaby Says

Bloomberg Surveillance

Play Episode Listen Later Oct 10, 2018 32:49


Sebastian Mallaby, CFR Senior Fellow for International Economics, says the dollar's centrality in the global system has gone up since 2008. Claus Vistesen, Pantheon MacroEconomics Chief Eurozone Economist, thinks the Italian bond market is mispriced. Mike Mayo, Wells Fargo Securities Managing Director & U.S. Large-Cap Bank Research, prefers that banks have less revenues today but sustainable growth. Amanda Sloat, Brookings Institution Senior Fellow, thinks people are becoming increasingly more pessimistic towards Brexit. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bloomberg Surveillance
Mallaby: U.K. uncertainty will be deep and prolonged

Bloomberg Surveillance

Play Episode Listen Later Jun 27, 2016 21:50


The Council on Foreign Relations' Sebastian Mallaby says Brexit will deter businesses from investing in the U.K. He joins Tom Keene and Michael McKee on Bloomberg Surveillance. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Zócalo Public Square
Sebastian Mallaby, Are Hedge Funds Heroes or Villains?

Zócalo Public Square

Play Episode Listen Later Sep 28, 2010 53:39


Over the past few years, Americans have heaped blame for the financial crisis on hedge funds. These mysterious but powerful organizations have, in just a few decades, invented previously unheard-of financial instruments, created new markets, and rewritten the rules of capitalism. By studying everything from economics to physics, hedge fund managers also seemed to accomplish the impossible — beating the market, and surviving repeated financial panics, from the stock market slump of the early 1970s to the bond market downturn of the 1990s to the dot-com collapse in 2000. How will hedge funds — and the controversial, commanding men and women who run them — pull through the latest crisis, and how will they determine the future of finance? Sebastian Mallaby, Council on Foreign Relations senior fellow and author of More Money Than God: Hedge Funds and the Making of a New Elite, visited Zócalo to reveal the hidden history and workings of hedge funds, and the way they’ll shape the future booms and busts of our economy.