In the annals of tech history, few places carry as weighty a reputation as Silicon Valley. The very name is synonymous with the US technology sector. Somehow, this small region of Northern California has managed to produce nearly all of the most successful and most dominant technology companies in modern history. To the untrained eye, the story of Silicon Valley appears almost magical. Yet to this week's guest, the success of Silicon Valley is perfectly logical, and indeed, replicable, under the right conditions. The key is venture capital. In his book, The Power Law: Venture Capital and the Making of the New Future, journalist Sebastian Mallaby, examines the unique attributes that enabled the venture capital system to produce such rapid innovation, in Silicon Valley and beyond. Subscribe on your favorite podcast platform to never miss an episode! For more from ACT-IAC, follow us on LinkedIn or visit http://www.actiac.org.Learn more about membership at https://www.actiac.org/join.Donate to ACT-IAC at https://actiac.org/donate. Intro/Outro Music: See a Brighter Day/Gloria TellsCourtesy of Epidemic Sound(Episodes 1-159: Intro/Outro Music: Focal Point/Young CommunityCourtesy of Epidemic Sound)

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