Sebastian Mallaby
@scmallaby
Snr Fellow @CFR_org. Author of VC history The Power Law & hedge fund history More Money Than God. Also Greenspan bio The Man Who Knew. RTntEndst. Opin mine.
2021 has featured meme stocks, Robin Hood options trading, and euphoria about a metaverse as yet unbuilt. Relatively, book futures are a simple instrument. This holiday, gift your loved ones a fine volume with January delivery. It's no crazier than me making an NFT of my book.

Next time the World Bank is pilloried for sluggishness, recall that its good intentions on the environment are part of the cause, writes @scmallaby for @CFR_RealEcon. on.cfr.org/3ydBhCk
Good piece about how venture capital may help rebuild Europe’s defenses. My friend Eric Slesinger is the real deal. What he is building now in Europe echoes the Valley of the early period. nytimes.com/2025/04/14/tec… via @NYTimes
Publication by @yalepress is just weeks away! (See following link.) Events at @csis & @PoliticsProse are scheduled, and I hope you share my fiendish delight in the dedication: “To my grandchildren, whom I will always love unconditionally, even if they grow up to like crypto.”
I recently finished reading The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby (@scmallaby), an insightful and thought-provoking analysis of venture capital's transformative impact on innovation and the global economy. At the heart of the book is…
Ambitious people found companies. More ambitious people lead countries. The most ambitious aspire to invent religions. Who knows what Trump will do, now that he has ascended the ladder to the third rung, and sees himself as a messiah.
In the face of the second China shock and worries about inequality, here are some ways to help US workers that are not on the political agenda, but should be. Thoughtful essay from my colleague @BennSteil and Alex Raskolnikov: on.cfr.org/3WxjyPF via @CFR_org
GOD, GUNS, and SEDITION turns six months old today. As we approach the 2024 U.S. presidential election, its warnings about far-right terrorism and the threat it poses sadly only grow more urgent. Please consider picking up a copy today! amazon.com/God-Guns-Sedit…
New and Updated! CFR Sovereign Risk Tracker on.cfr.org/48kSWoC via @CFR_org
Author @scmallaby’s book ‘The Power Law: Venture Capital and the Art of Disruption’ recounts the successes of Silicon Valley companies and details his expertise on #VentureCapital firms. Read our interview here: ow.ly/OOei50RBw40. #ActualInvestors
Extraordinary stuff. At this stage, @wayve_ai is one of the most impressive AI companies anywhere, and it’s based right in the heart of London. Congratulations @alexgkendall and team!
🚙💬Meet Lingo-2, a groundbreaking AI model that navigates roads and narrates its journey. Watch this video taken from a LINGO-2 drive through Central London 🇬🇧 The same deep learning model generates real-time driving commentary and drives the car.
In which the brilliant @Brad_Setser corrects me and my fellow panelists on all matters relating to emerging markets, China, the World Bank, and much else. 🙂
WATCH: @heidirediker, @Brad_Setser, and @SCMallaby preview the upcoming World Bank and International Monetary Fund Spring Meetings with CFR President Michael Froman. on.cfr.org/49DUREA
This book by @scmallaby has a terrific recounting of the history of the Valley and the birth of venture
📚Thrilled that two of our standout titles, Wang Bo's A BRIEF HISTORY OF CHIPS and @scmallaby's THE POWER LAW, have clinched spots on Douban's prestigious "Top Books 2023" list! 🌟Dubbed as China's Goodreads, Douban celebrates these literary gems. Thank you readers!🙌
Inequality in the US has recently been shrinking. The China trade shock is over. And the fear of migration is mostly unfounded, as @TheEconomist argues here. Globalization was good and is good, however unpopular it may be. economist.com/leaders/2023/1…
The British Conservatives’ scheme to dump migrants in Rwanda is way crazier than Trump’s southern border wall. It is unworkable, illegal and immoral. economist.com/britain/2023/1… from @TheEconomist
📖 OUT NOW: @snydersas's new book "The United States–South Korea Alliance" explores the internal and external pressures on the U.S.–South Korea alliance and explores its future prospects. Learn more and get your copy today: on.cfr.org/482kuOX
The Biden administration’s attempt to shore up influence in the Indo-Pacific rings hollow without a trade pillar to the Indo-Pacific Economic Framework, write @inumanak and Manjari Chatterjee Miller. on.cfr.org/3GnzF9H
'A British version of @pmarca's techno-optimist manifesto' is my favourite description so far. I'm taking it as a compliment. If you're interested in: - why more people than ever are starting companies - why start-ups from SpaceX to OpenAI can upend old industries - why the…
Today my book, Start-Up Century, is released in the UK. The book includes research, interviews and insights from 100s of entrepreneurs and policy makers. But it's based on two simple observations: that more people than ever are becoming entrepreneurs, while the path to scaling…
ATTN Tech policy people: The Council on Foreign Relations has a new position for a researcher looking at the intersection of tech and national security/ tech and economic policy / or tech and foreign policy & intelligence. @CFR_org is a great place! careers-cfr.icims.com/jobs/2378/fell…