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Sebastian Mallaby

20 Podcast Episodes

Latest 28 Jan 2023 | Updated Daily

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The U.S.-China Economic Cold War, With Sebastian Mallaby

The President's Inbox

Sebastian Mallaby, the Paul A. Volcker senior fellow for international economics at the Council and a columnist at the Washington Post, sits down with James M. Lindsay to discuss the likely consequences of the recent U.S. ban on the export of advanced semiconductor chips and technology to China.  Mentioned on the Podcast Sebastian Mallaby, The Power Law: Venture Capital and the Making of the New Future For an episode transcript and show notes, visit us at: https://www.cfr.org/podcasts/us-china-economic-cold-war-sebastian-mallaby


6 Dec 2022

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Sebastian Mallaby and the Machine for Manufacturing Courage

Neckar's Minds and Markets

Hello everyone, I’m excited to share my second conversation with Sebastian Mallaby. Last time, we discussed his book More Money Than God. A quote from that conversation stuck with me: “The key was to do an unreasonable amount of preparation work. It shows you're serious and not wasting people's time by asking the obvious questions." This time, we discussed The Power Law (see my write-up) in which he tackled the history of venture capital. The two worlds make for an interesting contrast: venture capitalists, networkers by nature, are more willing to meet and chat. But they’re also natural storytellers which presents a challenge in the search for truth. In his book, Mallaby tried to disentangle luck and skill in venture investing, how to build winning and lasting cultures, and the importance of VCs for silicon valley. And while he admits that individually “the story of every bet can seem to hinge on serendipity,” he argues that over the long run, “the best venture capitalists consciously create their luck.” Individual venture capitalists can “can stumble sideways into fortunes” and at times it seems like luck beats diligence and foresight. The best however, “work systematically to boost the odds that serendipity will strike repeatedly.” “The great challenge at venture partnerships is that the principals must refrain from killing each other.” Michael Moritz “When people write about the venture business, they’re always writing about the startups we back. They never write about the most important investment we make, which is in the business.” Michael Moritz. "The fast moving of ideas, people and money until they reached their optimal use, that’s what made Silicon Valley worked. That’s what made innovation turbocharged. "But where did that fast circulation come from, and my argument is it comes from venture capitalists." I had a lot of fun digging into these questions with him. I hope you enjoy the conversation.


5 May 2022

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Sebastian Mallaby: The Greatest Storyteller in Venture Capital

World of DaaS

Sebastian Mallaby is the author of The Power Law, a renowned journalist and a senior fellow for international economics at the Council on Foreign Relations. Sebastian and Auren start by discussing the powerful trends in the recent history of Venture Capital. They discuss the rise of the growth funds and crossover funds and the issues with governance that are created as a company grows. They also dive into what makes firms like Sequoia and Benchmark truly special. Sebastian and Auren also review the major macroeconomic crises of the past 40 years and what we’ve learned about the Federal Reserve’s role in navigating crises. World of DaaS is brought to you by SafeGraph. For more episodes, visit safegraph.com/podcastsYou can find Auren Hoffman (CEO of SafeGraph) on Twitter at @auren and Sebastian Mallaby at @scmallaby


12 Apr 2022

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Sebastian Mallaby – The Making of the New Future in Venture, Venture is Eating the Investment World 14 (Capital Allocators, EP.245) 

Capital Allocators – Inside the Institutional Investment Industry

Sebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations, a contributing columnist for The Washington Post, two-time Pulitzer Prize Finalist, and New York Times best selling author. His most recent book, The Power Law: Venture Capital and the Making of the New Future, chronicles the history of the industry, and his key takeaways serve as the perfect conclusion to our mini-series. Our conversation starts with his career as a writer and how he approaches writing books. We then dive into the origins of the venture industry, foundations of early-stage investing, and critical success factors. We dissect different ownership structures, the importance of mentorship, competition, the current pace of capital deployment, and venture capital abroad. We close discussion the industry’s gender gap, challenges to future success, and thoughts on Sebastian’s next project.   Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership


11 Apr 2022

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The VC Power Law with CFR senior fellow Sebastian Mallaby


In his new book, “The Power Law: Venture Capital and the Making of the Future,” Council on Foreign Relations senior fellow Sebastian Mallaby brings his erudite attention from the hedge fund world to venture capital, interviewing the industry’s leading players over the last 50 years to discover what is unique about this industry that “manufactures courage.” In this episode, Mallaby, Josh Wolfe and Danny Crichton talk about the structural and cultural differences between hedge funds and VC firms, the long-term lessons that get re-learned by each generation of VCs, how succession is planned (and not), as well as a side story of a VC and a pile of maggot-filled meat laid by Hunter S. Thompson.


9 Apr 2022

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Episode 58: Sebastian Mallaby on the venture capitalists

American Purpose's Bookstack

Elon Musk once said that the future cannot be predicted, it can only be discovered. This week, Sebastian Mallaby joins host Richard Aldous to talk about innovation, technology, markets, and his new book The Power Law: Venture Capital and the Making of the New Future.


14 Mar 2022

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A History of Venture Capital & How to Make the Future | Sebastian Mallaby

Hidden Forces

In Episode 237 of Hidden Forces, Demetri Kofinas speaks with journalist, historian, and author Sebastian Mallaby about his latest book, “The Power Law,” which delves into the history of the venture capital industry and early-stage investing. This conversation is meant to provide you with a framework for thinking about how to invest in businesses, initiatives, and projects, which not only lack cash flows, but whose values are often fundamentally intangible, difficult to measure, and often impossible to quantify. As more and more of our economic life happens in the digital realm, the ability to assess value and invest accordingly will become an increasingly invaluable skill-set for investors. In Part Two of their conversation, which is available to premium subscribers only, Sebastian and I delve into the geopolitics of venture capital, some of the approaches to investing in this space, and how national governments can participate in order to support their domestic defense sectors without creating the malincentives that we often associate with 9-figure fighter jets and four-hundred-dollar hammers. Demetri and Sebastian also discuss Web3 in the context of initial coin offerings and how these types of crowdsourced investments have transformed the early stage landscaped and brought public capital into areas of the market that would have never been able to source it only 10 years ago. Lastly, Sebastian offers his views on the uniquely challenging situation facing the Fed Reserve at the moment and what he thinks is most important to focus on when trying to project the likely path for interest rates, economic growth, and asset prices. You can access the full episode, transcript, and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 02/15/2022


14 Mar 2022

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Sebastian Mallaby on How Venture Capital Made Silicon Valley

Masters in Business

Bloomberg Opinion columnist Barry Ritholtz speaks with journalist Sebastian Mallaby about his new book, “The Power Law: Venture Capital and the Making of the New Future.” Mallaby, a two-time Pulitzer Prize finalist, is a senior fellow at the Council on Foreign Relations. He is also the author of “More Money Than God: Hedge Funds and the Making of a New Elite.”See omnystudio.com/listener for privacy information.

1hr 23mins

25 Feb 2022

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Sebastian Mallaby: What is venture capital good for?

Thoughts in Between: exploring how technology collides with politics, culture and society

Sebastian Mallaby is a journalist and author. His latest book, The Power Law, is an exploration of the history and impact of venture capital that seeks to explain how VCs see the world and why it matters. In this conversation, we discuss why VC is so different from any other asset class, why VC networks should be considered a third core institution of capitalism alongside firms and markets, and whether VC has a positive impact in the world.You can order the Power Law here.-----------------Thanks to Cofruition for consulting on and producing the show. You can learn more about Entrepreneur First at www.joinef.com and subscribe to my weekly newsletter at tib.matthewclifford.com


7 Feb 2022

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Venture Capital and the Future of Innovation, With Sebastian Mallaby

The President's Inbox

Sebastian Mallaby, CFR’s Paul A. Volcker senior fellow for international economics, sits down with James M. Lindsay to discuss how Silicon Valley’s venture capitalists are shaping the future of innovation and the global economy. Enter the CFR book giveaway before February 16, 2022, for the chance to win one of ten free copies of The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby. You can read the terms and conditions of the offer here. Books Mentioned on the Podcast Sebastian Mallaby, More Money Than God: Hedge Funds and the Making of a New Elite (2010) Sebastian Mallaby, The Man Who Knew: The Life and Times of Alan Greenspan (2016) Sebastian Mallaby, The Power Law: Venture Capital and the Making of the New Future (2022) Sebastian Mallaby, The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations (2004)


2 Feb 2022