Sebastian Mallaby Livres

Innovations often arise from non-experts; for instance, Jeff Bezos and Elon Musk ventured beyond their initial industries. A legendary venture capitalist shared with Sebastian Mallaby that the future cannot be predicted but discovered, with many attempts failing and a few succeeding spectacularly. This extreme success-to-failure ratio, known as the power law, drives venture capital, Silicon Valley, and the broader tech sector. With unprecedented access to renowned venture capitalists, award-winning financial historian Sebastian Mallaby explores this unique group of financiers who have backed the world's most successful companies, including Google, SpaceX, and Alibaba. Through compelling storytelling and analysis, the narrative clarifies the randomness of success in venture capital, which often relies more on instinct and personality than on data. The book reveals the stark realities behind iconic successes and notable failures in tech history, from Apple’s chaotic beginnings to the hubris seen at WeWork and Uber, alongside the industry's significant lack of diversity. The influence of the power law extends globally, reshaping economies like China’s digital landscape and establishing London as a major venture capital hub. By immersing readers in the world of venture capitalists, the narrative encourages reflection on our own future through their lens.

The first book of its kind: a fascinating and entertaining examination of hedge funds today Shortlisted for the Financial Times/Goldman Sachs Business Book of the Year Award The New York Times bestseller

A product of more than five years of research, Mallaby's magisterial biography of Alan Greenspan brings into focus the mysterious point where politics and the economy meet. Through Greenspan's story, Mallaby casts every presidency from Nixon to George W. Bush in a fresh new light. The story of Greenspan is also the story of the making of modern finance, for good and for ill. The Man Who Knew is a searching reckoning with what exactly comprised the art, and the possible, in the career of Alan Greenspan. --