Sebastian Mallaby on Venture Capital
Listen now
Description
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: [email protected] 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
More Episodes
In this conversation recorded live in Miami, Tyler and Peter Thiel dive deep into the complexities of political theology, including why it’s a concept we still need today, why Peter’s against Calvinism (and rationalism), whether the Old Testament should lead us to be woke, why Carl Schmitt is...
Published 04/17/24
Published 04/17/24
In The Anxious Generation, Jonathan Haidt explores the simultaneous rise in teen mental illness across various countries, attributing it to a seismic shift from a "play-based childhood" to a "phone-based childhood" around the early 2010s. He argues that the negative effects of this "great...
Published 04/03/24