Chamath Palihapitiya, Founder and CEO of Social Capital and early Facebook employee, shares his unique view on capital allocation and its potential to solve global issues. He discusses his transformative journey in venture capital and the launch of Social Capital 2.0, aiming for both financial and social impact. Chamath also highlights the importance of supporting emerging managers from diverse backgrounds. Additionally, he reflects on the challenges of low interest rates, innovative investment strategies, and personal growth through self-reflection and resilience.
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Chamath's Journey
Chamath Palihapitiya's family moved from Sri Lanka to Canada due to civil war and his father's struggles.
He worked in finance, tech, and venture capital before founding Social Capital.
insights INSIGHT
Institutionalization Pitfalls
Institutionalization in investing leads to risk aversion due to a focus on fees over carried interest.
This focus on stability hinders true investing.
question_answer ANECDOTE
Learning the Business of Investing
Palihapitiya's experience as a prolific angel investor at Facebook led to Embarcadero Venture Partners, a $17M fund.
This experience taught him the business of investing, including due diligence, term sheets, and managing reserves.
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Understanding and Healing from a Difficult Childhood Legacy
Janet G. Woititz
In this book, Janet G. Woititz delves into the intricate emotional and psychological impacts on individuals who grew up in households affected by alcoholism. She examines how these childhood experiences shape adult behavior, relationships, and self-perception. The book blends real-life stories with professional analysis and offers practical strategies for healing, including seeking therapy, joining support groups, and utilizing self-help resources. Woititz emphasizes the importance of breaking the cycle of dysfunction and provides steps for personal development, such as cultivating self-compassion, practicing self-care, and setting realistic goals.
Fermat's Enigma
The Epic Quest to Solve the World's Greatest Mathematical Problem
Simon Singh
This book tells the story of the search for a proof of Fermat's Last Theorem, first conjectured by Pierre de Fermat in 1637. It recounts the lives and efforts of numerous mathematicians who attempted to solve the theorem over the centuries, including the eventual proof by Andrew Wiles in 1995. The book is based on Singh's award-winning documentary film and provides a compelling and accessible account of the mathematical and human aspects of this historic problem.
Chamath Palihapitiya is the founder and CEO of Social Capital, where he invests in private businesses, public markets, and experiments with that objective of compounding capital at high rates so that he can advance humanity by solving the world’s hardest problems. Chamath previously was an early employee at Facebook, a prolific angel investor, and co-founder of the venture capital business that was the first version of Social Capital. He’s been in the press of late for raising and deploying a series of large SPACs and for his outspoken views. Our conversation covers Chamath’s path to Facebook and Social Capital, his period of self-discovery, and the resulting Social Capital 2.0 to express his views of the world. From there, we dive into SC Emerging Managers, Social Capital’s newest program to back managers from diverse backgrounds. Lastly, we circle back to the purpose of Social Capital and how Chamath gets it all done.
Capital Allocators – Inside the Institutional Investment Industry 
