
196 | Sebastian Mallaby: How Venture Capital and the Power Law Shape the Future
The Realignment
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West Coast Fentry Capital - The Origin Story
The origin story is exactly the same. And that's why silican valley has done better than any other ecosystem thus far because of west coast fentry capital. I thought i would go to china and i'd find it was different, that this is a ina state capitalist model with a powerful government can ting everything. The truth of the matter is that, yo, no, chinese tec policy, government, tec policy around the time when ali barbar and ten cent got started was, we want semi conductors, right? They were putting their energy into building a semi conductor sector. And as we know to day, they failed. Semi conductor sector is was stronger than
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