Bakunin’s Reviews > The Power Law: Venture Capital and the Making of the New Future > Status Update

A little too much biography of famous startups. I was excpecting more given the interesting start of the book (but I guess most non-fiction books are too long).

Economist recognize two great institutions of capitalism: the market and the firm. Now it appears that the author Mallaby has found a third one: venture capital. VC is somewhere between the two: more than centralized corporate R&D departments and more than isolated individuals working out of their garage. Very interesting! I also interpret this as providing some evidence for believing Rothbards views on banking.