The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Sebastian Mallaby reads as The Navigator because he charts the opaque terrain of venture capital by exposing its underlying logic. Coining 'liberation capital' to map the human dynamics others miss, he reframes loss tolerance as a navigational strategy rather than a flaw.
“Now, of course, the question is there could be control which just limits who gets it and is designed to make it safer but doesn't sort of interrupt the money making potential of the models. In some ways, if the government restricts the supply, the price might go up.”
“And then as you're walking around the building, they're saying, okay, well, we can go through the atrium now because the toddlers have gone because, you know, the creche for the kids or the employees finishes at 5 p.m. And so then there are all these two-year-olds running around and it's a bit of a zoo.”
“So there was a story precisely like that from an economist writer who's very funny and also does podcasts. And he ran that experiment and it was just as you said, you know, his friends who were professional economist journalists couldn't tell which was the witty column that he'd written versus the equally witty ones which the LLM had gene…”
“King's Cross, which is this sort of cool center for tech in London, where you can get the train in one direction and be in Cambridge, which has quite a lot of good startups in one hour, or you can get the train in the other direction and be in Paris where there's Mr. Allen and so forth.”
Masters in Business: “Sebastian Mallaby on How Venture Capital Made Silicon Valley”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE