196 | Sebastian Mallaby: How Venture Capital and the Power Law Shape the Future
The Realignment
00:00
Is It a Jim Barksdale or a Co Founder?
In the 19 nineties, v cs control everything, to the 20 tens. They have not only total control narratively, but they actually have supervoting shares that give them more power over just an average investor. The tipping point came with google, which was smart enough a to force the fenc capitalists to cough up a lot of money and get rather a small share of the company. But also in the flirtation, demanded that these super voting rights be awarded to the founders er. It it ends up in situations where i think the foundders face no check, no balance.
Play episode from 24:02
Transcript
