What's So Powerful About Private Equity?

Chamath: Early on, private equity firms were very much like venture capitalists. They were out in the edges of risk taking doing all kinds of very difficult gnarly deals. Over time, private equity has gotten institutionalized and they don't generally feature themselves as a place to get the best necessarily returns,. But they are places where you can put enormous amounts of money Where the likelihood of loss is extremely zero and you generate very good rates of return.