Sebastian Mallaby discusses his book “The Power Law: Venture Capital and the Making of the New Future” and the evolution of the industry with Robin Murray, Partner & Head of Growth Equity Investments at Adams Street. Murray’s conversation with Mallaby, Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations, took place at the Adams Street European Investor Conference in London on June 23, 2022.
00:00: What drew Mallaby to venture capital and reasons for writing “Power Law”
06:54: What traits do great venture investors share?
12:00: Technology’s role in driving later-stage growth equity investment
15:15: Personalities and characters in venture capital
21:00: Audience Questions: Venture capital and hedge fund managers compared; Why venture investors are natural optimists, risk takers and visionaries; Investing with passion and a conscience; The importance of networks and diversity; The rise of European unicorns; Blockchain – the Power Law on steroids.