RaveAir MailThere have been many attempts to explain Silicon Valley’s success ... But in this entertaining history, Sebastian Mallaby makes a convincing case that venture capital is a critical part of the jigsaw ... Mallaby is a thoughtful guide who acknowledges the problems with venture capital: the lack of transparency; the startling absence of diversity; the profound inequality that focuses so much wealth in the hands of so few. On balance, though, he sees it as a necessary way of accelerating progress and creating consumer value ... Whether luck or judgment, though, no one can doubt the impact these companies have had on our lives. If you want to understand a world in which a handful of coders became richer than most countries, this is an invaluable guide.
