The Power Law: How VCs Bet on 8 Startups to Make Billions on 1 I Anthony Scaramucci I Open Book

Sebastian Mallaby is the author of several books, including The Power Law, More Money Than God, The Man Who Knew, and The World's Banker. A former Financial Times contributing editor and two-time Pulitzer Prize finalist, Mallaby is the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations.

Get his book "The Power Law" here: https://amzn.to/48ZyaMt

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island.

Get my book "From Wall Street to the White House and Back" here: https://amzn.to/3Sxk7Xz
Pre-order my upcoming book "The Little Book of Bitcoin" here: https://amzn.to/4e2Vnz1

𝗕𝗼𝗼𝗸 𝗮 𝗖𝗮𝗺𝗲𝗼 𝘄𝗶𝘁𝗵 𝗔𝗻𝘁𝗵𝗼𝗻𝘆!
https://www.cameo.com/themooch

𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝗔𝗻𝘁𝗵𝗼𝗻𝘆'𝘀 𝗼𝘁𝗵𝗲𝗿 𝗽𝗼𝗱𝗰𝗮𝘀𝘁𝘀:
   / @restpoliticsus  
   / salttube  
   • Speak Up with Anthony Scaramucci  

𝗙𝗼𝗹𝗹𝗼𝘄 𝘂𝘀 𝗼𝗻 𝗧𝘄𝗶𝘁𝘁𝗲𝗿:
  / scaramucci  
  / saltconference  

𝗙𝗼𝗹𝗹𝗼𝘄 𝘂𝘀 𝗼𝗻 𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺:
  / scaramucci  
  / salt  

Timestamps:

0:00 Sebastian Mallaby Introduction
1:49 Why write about venture capital?
2:45 What are the personalities of people who make these investments?
4:24 Why do founders go along with everything venture capitalists want?
5:55 It's a machine for manufacturing courage
10:12 Do investors leach on founders?
12:50 Peter Theil and the founder's fund
17:30 What did you learn about Facebook?
20:10 What did you learn about WeWork?
22:10 Are there tells in figuring out the success of a founder?
24:43 What are some tips for dealing with failure?
27:10 Is the era of generalist VCs over?
28:35 What is the future of the Chinese economy?
31:35 South Korean venture capital market
32:20 Is venture capital purely luck?
34:33 Was venture capital or hedge funds more fun to write about?
36:50 Anthony's closing thoughts