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

The author of "The Power Law" is a well-known British journalist named Sebastian Malaby. He has worked in big media such as "The Economist", "Washington Post" and "Financial Times" for many years, specializing in economic and financial reports. His previous books, "The Biography of Alan Greenspan" about the former Federal Reserve Chairman, and "The Wealthy Country" about the hedge fund giant, have been widely acclaimed. The professional characteristics of the reporter make him particularly good at writing the profound and boring history with flesh and blood, full of rich stories and details. In the minds of many people, venture capital has always been a mythical existence. They entered the startup company at the embryonic stage, identified valuable seeds from countless unconstrained ideas, and watered them with real money; some of them also reaped amazing huge returns. For example, some early investors in Facebook (now renamed Meta) earned a return of more than a thousand times in less than ten years; also, Sun Zhengyi invested 20 million US dollars in Alibaba in 1999. Later, Alibaba Listed on the New York Stock Exchange, he reaped more than 50 billion U.S. dollars, a profit of 2,500 times.
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[百科チャンネル]

Without venture capital, there wouldn't be so many great companies.