Social capital hedosophia holdings is a partnership between chamath palihapitiya, the founder and current managing partner of social capital, and ian osborne, a cofounder and the current ceo of hedosophia. The opinions expressed in this presentation are current opinions of social. Former facebook exec says network is destroying how. And speaking of the long run, one more thing respectfully. Palihapitiya is an owner and board member of the golden state warriors. Former facebook executive chamath palihapitiya is speaking out about it. Outspoken tech investor chamath palihapitiya speaks with host emily chang about his diverse investments, and how he thinks the issue of inequality. Mamoon hamid and ted maidenberg also joined the firm that year as general partners in january 2015, fortune reported that kleiner perkins was in acquisition talks with social capital, but the acquisition reportedly fell through. Meet chamath palihapitiya, one of fast companys most. Social capitals chamath palihapitiya says we need to return to the roots of venture investing oct 31, 2018 kate clark in a letter publicly released by social capital, palihapitiya.
Now, palihapitiya is offering his explanation for how exactly social capital fell into such dramatic disarray. Chamath palihapitiya, ceo and founder of venture captial social capital, is betting big on artificial intelligence. Palihapitiyas firm, social capital, has backed numerous tech companies with valuations in the billions, such as slack, box, and surveymonkey. Chamath palihapitiya, the former head of facebook user growth from 20072011, regrets having created tools that are ripping apart the social fabric of how society works. Chamath palihapitiyas social capital opened for trading just slightly above the price credit suisse pitched it, and palihapitiya, a tech luminary, took to cnbc to tell the gang how his firm will. The exfacebook employee and silicon valley tycoon, like many other business leaders, sees ai as the future and has invested a lot. Chamath palihapitiya is a canadianamerican venture capitalist and the founder and ceo of social capital. Venture capitalist chamath palihapitiya recently revealed that social capital is working on a new revolutionary ai computer chip. Before founding social capital, chamath was a member of the senior executive team at facebook and a key driver behind its rise to become one of the most important and impactful companies in the world. He runs his own vc firm called social capital that focuses on investing in technology, healthcare, and education. Social media platforms like facebook are undermining the. Social capital will no longer raise outside capital techcrunch. Palihapitiya was an early senior executive at facebook, joining the. During his view from the top talk, chamath palihapitiya, founder and ceo of social capital, discussed how money is an instrument of change which should be used to make the world a better place.
This interview with chamath palihapitiya, founder and chief executive of social capital, a leading venture capital firm in the united states, was conducted and condensed by new york times journalist adam bryant. When social capital was new, palihapitiyas antics helped put the firm on the map and turned the sri lankaborn billionaire into an unlikely folk hero. Chamath palihapitiya was an early facebook executive who made it big on the social networks ipo. Chamath palihapitiya is founder and ceo of social capital. Chamath palihapitiya, founder and chief executive officer of social capital lp, speaks in social. Palihapitiya also put a chunk of his own moneyhundreds of millions, he saysinto social capital, as did early partners mamoon hamid and. Chamath palihapitiya on trump, facebook, uber and airbnb. Chamath palihapitiya, who previously served as facebooks vice president for user growth, expressed tremendous guilt and urged people to take a hard break from social media during a talk at. Yet hes held highlevel positions at the social network and is the founder of social capital, a venture capital firm focused on social impact startups.
Chamath palihapitiya, founder and ceo social capital, on. Social capital ceo chamath palihapitiya said the amount of consumer demand that tesla has is unimaginable. Chamath palihapitiya, facebooks former vice president for user growth and currently founder and ceo of the social capital partnership, was asked last month at a. Cnbcs closing bell the following is the unofficial transcript of a cnbc excluisive interview with social capital ceo chamath palihapitiya and cnbcs seema mody on cnbcs closing bell mf 3pm 5pm today. Chamath palihapitiya on money as an instrument of change full transcript by pangambam s january 23, 2018 3. Our mission is to advance humanity by solving the worlds hardest problems. Social capital invests in and starts breakthrough companies in areas including healthcare, education, financial services and enterprise. Chamath palihapitiya was one of the first enthusiasts of social media and helped facebook become the behemoth it is today. Chamath palihapitiya is cofounder and ceo of venture capital fund social capital, which invests in companies that aim to solve societal problems and, hopefully, change the world for the better. Chamath palihapitiya, social capital founder, discusses president trumps impact of silicon valley with bloombergs emily chang on bloomberg technology. Chamath palihapitiya, founder, ceo social capital and former facebook exec, warned about the unintended consequences of social media at stanford graduate school of. Heres one of the complaints he has about the social network and its effects on society. How canadian facebook billionaire chamath palihapitiya.
Social capital is working on a revolutionary ai chip. Facebook vp chamath palihapitiya is leaving facebook to start his own venture fund. Social capital advancing humanity by solving the worlds. Former facebook executive turned venture capitalist chamath palihapitiya announced this morning that his firm, social capital, would no. Yet hes held highlevel positions at the social network and is the founder of social capital, a venture capital firm focused on socialimpact startups. Social capital is a palo altobased investment firm whose mission is to advance humanity by solving the worlds hardest problems. Social capital arrived in silicon valley seven years ago with a charismatic co founder, former facebook executive chamath palihapitiya who. Chamath palihapitiya, the founder and chief executive of social capital, prizes an ability to learn from failure. Social capital is a technology holding company that only makes proprietary investments from our own balance sheet of permanent capital. He joined facebook relatively early but not super early in a key position. Social media ripping apart society, former facebook exec. This letter must be read together with the supplement disclosures attached to it which. Now he invests in startups and owns the golden state warriors.
Chamath palihapitiya is the founder and ceo of social capital, which provides funds to technology startups and private equity. Chamath palihapitiya says he never logs into facebook, and he calls venture capitalists soulless cowards. Part of what makes it fun to work at social capital is the amount of time we take to think through the broad continuum of technology. Born in sri lanks but raised in canada, he has worked in silicon valley for a. Sociability social capital and community development pdf. Haas and the future of tsla chamath palihapitiya medium. As a principal for the mayfield fund, one of the countrys oldest venture firms, he wore the industrys unofficial uniform faithfully everyday, a buttoneddown shirt and pressed pants. Chamath palihapitiya on the problem that facebook presents. Palihapitiya was born in sri lanka, raised in canada, and has worked for much of his life in silicon valley. Social capital hedosophia holdings unites technologists, entrepreneurs and technologyoriented investors around a shared vision of.
Social capital ceo chamath palihapitiya recode decode. Social capital was founded in 2011 by chamath palihapitiya, who had previously worked at facebook. We partner with companies at every stage of their business, for as long as it takes. We wont know, but lets take a simple stab at it, at least for fun. The parent company is a partnership between venture capitalist chamath palihapitiya and longtime investor ian osborne. Social capital is a technology holding company that backs breakthrough companies in areas including healthcare, artificial intelligence, climate change and space. Chamath palihapitiya, the founder and chief executive. Chamath palihapitiya biography facts, childhood, family. Chamath palihapitiya on mark zuckerberg business insider. Chamath palihapitiya is founder and ceo of social capital, whose mission is to advance humanity by solving the worlds hardest problems. Every day, chamath palihapitiya and thousands of other voices read, write, and share. Headquarters, palo alto, california, united states. Some may call him a hypocrite for getting rich off something, then turning against it, but its unlikely he know what he was getting into when he started.
Chamath palihapitiya on money as an instrument of change. Four years ago, chamath palihapitiya, seemed poised for a long career on sand hill road, the famed strip in menlo park, calif. View chamath palihapitiyas profile on linkedin, the worlds largest professional community. Chamath palihapitiya of social capital on the paradox of. Social capital ceo chamath palihapitiya speaks with cnbcs seema mody today. Today, he warns others of how social media is subverting human relationships and the society at large.
By harnessing technology to address core human needs, they aim to drive a bottomup redistribution of power, capital and opportunity. Chamath palihapitiya born september 3, 1976 is a venture capitalist. Since leaving facebook, palihapitiya entered the venture capital industry in 2011. We are not open to new investors and no longer raise funds or otherwise provide investment advice to others. The opinions expressed in this presentation are current opinions of social capital as march 9, 2020 only, and may change without notice as subsequent conditions vary. It was an identity crisis motivated by deep, personal failings that had to be.
977 856 1010 1547 878 658 1295 713 994 1215 35 1494 565 1278 744 924 388 799 1550 1402 980 1373 1397 851 1519 1550 1160 496 187 522 759 1104 1420 985 1146 664 331 112 365 591 83 113 670 759 1489 93 874 49