A VC: The Fall Of The Alphas
Jared Sperli stashed this in life
I read a book this weekend. It is calledThe Fall of The Alphas. It was written by my friend and former colleague Dana Ardi. Dana is a corporate anthropologist. She studies what makes management teams work. She has also been a writer, a recruiter, a coach, a VC, and a private equity investor.
There is a change afoot in the global economy that is impacting every institution, every market, and every business. Hierarchies are giving way to networks. At USV we have turned this observation into an investment thesis.
I feel like Fred Wilson sets up this story to have a zippy punchline but then leaves us hanging.
This recommendation is tepid. "Hierarchies are giving way to networks" is vacuously true.