Entrepreneurs like Elon Musk and products like Chat GPT have been fueled by Venture Capital. In fact, some argue that Venture Capital has shaped our modern technology more than any other entity. But what is Venture Capital and what makes it unique? 

This week, UnTextbooked producer and college student Oliver Wang talks to author Sebastian Mallaby to learn about the shadow history of venture capital. What once started as a way to liberate eight scientists from a difficult boss now is a medium to inspire innovation across the world. Sebastian Mallaby is the author of “The Power Law: Venture Capital and the Making of the New Future”. He is a Senior Fellow at the Council on Foreign Relations. 

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Show notes: 

(0:00 ) - What is Venture Capital? 

(4:13 ) - Arthur Rock and the Origins of Fairchild Semiconductor

(9:36 ) - What makes Venture Capital Unique

(12:24 ) - The Power Law and Risks in Venture Capital 

(16:23 ) - Flaws in Venture Capital, Bubbles, and Disruption

(20:19 ) - Venture Capital Investments in China

(24:16 ) - Outro