Chamath Palihapitiya is a former executive at Facebook. He’s also a competitive poker player and one of the owners of the basketball team the Golden State Warriors. And he’s the founder and CEO of Social Capital, a venture capital firm he started in 2011.
Palihapitiya has strong views about venture funding. (Well, he has strong views about lots of things.) One of his main beliefs is that the system expects returns too soon, and that capital needs to be “exceedingly patient.”
Social Capital is focused on healthcare, education, and tech with a larger purpose. The firm has funded companies including Slack, Box and SurveyMonkey. Marketplace Tech host Molly Wood spoke with Palihapitiya about his goals for venture, and what he wants to change. Below is an edited transcript of their conversation.Read Complete Article