Podcasts Education Self-Improvement Conversations with Tyler Sebastian Mallaby on Venture Capital

Sebastian Mallaby on Venture Capital

Published: Feb. 9, 2022, 1 p.m.

Venture capital powered the tech revolution, but what powers venture capital? With his in-depth knowledge and coverage of the sector you\u2019d 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\u2019t 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\u2019s success as an investor, how Peter Thiel\u2019s understanding of the power law set him apart, why he isn\u2019t interested in becoming a venture capitalist himself, his predictions for the European tech ecosystem over the next ten years, the original sin of \u201ctoo big to fail,\u201d 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\u2019s 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\u2019s 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.

Read a\xa0full transcript\xa0enhanced with helpful links, or watch the\xa0full video.

Recorded January 31st, 2022

Other ways to connect