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Cover of The Power Law by Sebastian Mallaby

The Power Law

Sebastian Mallaby · 2022

The first serious history of venture capital: from ARD and the Traitorous Eight through Sequoia, Kleiner, and SoftBank, and the decades in which the power law, a few bets returning everything, became the grammar of technology finance. Mallaby got the archives and the interviews; nobody else has both.

The case against

Access has a price: the great funds cooperated and read better for it, and the judgment arrives gently where the record is harsh. At three years old the book cannot yet know how its final chapters age, and the crypto-era coda is already dating. Definitive for now, which is not the same as permanent.

Business & Investing · the Pro canon

The case for it and the rest of the canon open with Pro.

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