What IS Venture Capital? Does it really run the tech world?

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.

BOOK: The Power Law: Venture Capital and the Making of the New Future

GUEST: Sebastian Mallaby

PRODUCER: Oliver Wang

MUSIC: Silas Bohen and Coleman Hamilton

PRODUCTION: Pod People

SHOW NOTES: