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Social Capital and the SPACs
It's impossible for us to take a basket of assets public, he says. "We don't have the money to go buy a 10 billion dollar company outright" He'd love to be able to step into the public markets with an offer for a company and say, hey, I'll just buy this whole thing at a tender price.
In today’s episode, Trey Lockerbie sits down with Chamath Palihapitiya. Chamath is the founder and CEO of Social Capital, his conglomerate focused on solving climate change and inequality, which he has referred to as Berkshire Hathaway 2.0. Chamath was an early executive at Facebook and then went on to become a super successful Venture Capitalist, with early investments into Amazon, Tesla, Slack, and Bitcoin. He’s also now the Chairman of Virgin Galactic and a part-owner of the Golden State Warriors. Chamath has developed a large internet following because of the broadcasting of his SPAC investments in easy-to-digest one-pagers, earning the title SPAC king in recent headlines. But, he has recently taken a step back from the limelight and Chamath talks about why that is.
IN THIS EPISODE, YOU'LL LEARN:
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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