Earn like Berkshire, Spend like the Red Cross | Chamath Palihapitiya (SocialCapital) @ Startup Grind

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Chamath Palihapitiya is the Founder and Managing Partner of The Social+Capital Partnership (Social Capital) - a venture capital fund based in Palo Alto, CA that incubates and invests in breakthrough companies in healthcare, education, financial services, mobile and enterprise software. Preceding his focus as an investor, Chamath was the longest tenured member of Facebook's senior executive team and helped drive its ascension to one of the most important companies in the world. Prior to Facebook, Chamath had leading roles at The Mayfield Fund, AIM+ICQ and Winamp. In addition to his focus at the fund, Chamath is Owner and Director of the NBA's Golden State Warriors. Chamath was born in Sri Lanka, grew up in Canada, and graduated with a degree in Electrical Engineering from the University of Waterloo.

[@johanlarsson5425]

This guy change my view of capitalism and capitalists. Its hope in the world !! - Cheers from Sweden

[@StartupGrind]

He tends to do that - seriously disruptive thinker.

[@subtlethingsinlife]

Chamath is a great speaker , his thoughts are so clear and he articulates them extremely well .

[@Theoneandonly88able]

That's how most Asians uphold themselves. They're a much more respected region that know how to work hard and dont complain.

[@vimalcurio]

Naval ravikant is more fast lol

[@pspark17]

The moderator needs to let Chamath/speakers finish their thoughts. Overall, the conversation is great.

[@KiloBee777]

I couldn't agree more.

[@derekandersen9828]

@@KiloBee777 my bad y'all

[@julianjones3549]

I didn't come here to hear the moderator's opinions. Let your interviewee speak.

[@soha.3616]

one hundo, small talk doesn't have a place here. Hopefully he'll learn going forward though

[@Xmaslightsallyear]

Yes, way too much drivel from the host. It seems he can’t help himself; just can’t shut up.

[@rclakmal]

I was just looking for this comment. I'm sure he is smart and he has his own good opinions. But the way he kept diverging Chamath's train of thoughts was a dick move. I love Chamath's interviews. But this was quite hard to watch thanks to the moderator

[@dhritimansen3307]

"coding is the blue collar job of the 21st century" - C.P

[@NixonRexzile-xz4sq]

Decentralize is the new blue collar

[@MM-uv3vb]

If that's blue collar, then what jobs or industries are white collar?

[@BOTzerker]

Average US salary for a programmer is $95,000; that's some blue collar job.

[@Theoneandonly88able]

@Raymond Spicer I guess you dont know many people then. Most coders do make that amount. If you do internships and do a lot of projects that your passionate about the money will follow. You have to put in the work to get what you want to reach that salary. Degree or not the process isnt that different. Being lazy and not being a self learning person will not only reflect your ability to do the job, but the likelyhood at being fired. If you cant do the job and you're lazy, who cares how much you make?

[@Theoneandonly88able]

@Carlos Polanco Maybe if they didn't go to University for CS, but most do make 95k easy. Myself along with all my other friends make this much after graduation just this past summer. If your smart then you would have done internships throughout the summers and semesters to gain experience. Most companies prefer to hire people with CS degree because it shows that person understands the fundamentals on computers and programming work. It's much harder for people without a degree to get in the door, but not impossible. If your making 50k then you either live in a region that isnt a major city or you live in an entirely different country with low demand for software engineers. Even then you can still make money doing this through remote work in freelancing to bring in additional income. It not that different whether you sit in a corporate office or at home. There are so many opportunities to be a software engineer that doesn't have to be in a corporate or government setting. If you can't make more than 50k then move to were they pay you more and stop making excuses.That's your own fault for not taking the intiative to stand out.

[@TheSolidheroes]

always love to see honesty in a person

[@LindaLouise625]

OMG > I LOve this! I Wish I'd got this message when I was young .. but .. Now is good!

[@rbggwapo]

This is wickedly old, but Chamath reminds me of the lost geniuses I have met all along my path. People who see straight through the veil of top-down snake oil salesmen and conjure up pure problem-solving spirits within all they cross paths with.

[@SU-yh1dj]

Sometimes those are the greatest snake oil salesmen.

[@rbggwapo]

@@SU-yh1dj yeah that's true. That's why you just try not to buy

[@sayfami3927]

Boy, this guy is my hero, hope to do business with his firm #theotherside #solutions #socialcapital #value

[@johanlarsson5425]

+sayfami sayfami Go for it

[@inspirationalpostbyleverso6263]

Build your own business, study what you love.

[@SeviYoga]

Great interview! Appreciate the moderator's questions!

[@yaghiyahbrenner8902]

31:52 Bang! Bang! Bang! Life in South Africa, Cape Town. 44:13 not always right. :)

[@onirdutta666]

Wow ..he is one of the smartest guy i no

[@sunjungsonne]

C: "My father and my best friend passed away." Interviewer: "Let's talk business."

[@dankestranch8738]

Capitalism

[@rclakmal]

@@dankestranch8738 Nah, Moderator was just a dick. He was too interested in his own voice than his guest.

[@lucasgade9783]

This was such a good talk! Hands down, one of the best I've seen in a while!

[@StartupGrind]

Our thoughts exactly :)

[@na97da95]

I think this guy could become the next Warren Buffet. I'm definitely putting some money on Social Capital right now. I have never speculated when buying stocks, this will be my first and last exception. Long-term (50 years) investement starting today...

[@patmarco2251]

Why not invest in Berkshire hathaway and sleep better at night!?

[@anthonyfam5469]

Pat Marco We are transitioning to different times now. The one that is able to adjust better will have a better chance to succeed. I would place my bet on him then warren buffet if you are talking about the next 10 years.

[@patmarco2251]

Anthony Fam yes times have changed. A fund manager full of tattoos with sone lucky money from the biggest start up in the world called Facebook giving him a huge financial boost. Instead of counting his blessings he goes out there to say that Facebook is bad for what it dies to people. Then he does a start up with girl friend who then becomes wife and right after that he divorces her. Trouble in his fund so he goes after family office money. Look how much trouble he got into and had to go on all kinds of interviews to pretend he is up and coming and cutting edge etc. all good talk, well, I am not saying Buffett is a great guy, but if you read Nassim Taleb’s book anti-fragile you will understand the difference. To those investing in Chamath’s fund, the risk is simply much higher hence the expected returns.

[@TheFinalsTV]

@@patmarco2251 Social Capital was up 997% last year, 3x the S&P500. What the hell are you talking about? Chamath knows what he's doing.

[@patmarco2251]

@@TheFinalsTV a fluke my Friend... he lost money and underperformed several times

[@cliffhregis]

Wow...Chamath doesn't bs! The talk was inspirational as well.

[@StartupGrind]

One of the realest founders we've seen. Down to the spiffy jacket.

[@nolimitsza6524]

I respect Chamath, such a great, intelligent character. I just feel like he has too many smart crazy ideas that may lead to confusion, but again the world is just as complicated even for the smartest people.

[@StartupGrind]

Sometimes feels like he's playing three dimensional chess. Mind works so fast!

[@abkg84]

The open source project, how to compare businesses against each other 16:30 in the video, did that materialise, if so can you share the link?

[@willowdesk]

There is so much knowledge in this video

[@JPWingate]

Love this guys Honesty.

[@ConvergenceTrader]

Love from Bihar, India 💛

[@Manuellaborer]

Chamath, what a great mind! Except one, I don't agree that winning is everything. It is not, sometimes you lose a game because you have to experience that, its reasons and consequences.

[@DanielDerDenis]

Oh my god, I am watching this since 44 minutes and just now realized that it is from 2015 because he said "he doesn't believe trump could win." Damn he is so ahead of the time. I admire Chamath!

[@shaneskull820]

Yeah, it’s impressive that he recognized the frustration of the middle early on.

[@miaanthony2049]

Amazing speaker!

[@priyanthapeiris3848]

Great inspiration!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@StartupGrind]

Any favorite quotes?

[@joshuamarks09]

He kinda reminds me of Topher Grace. But yeah really great, inspirational interview!

[@Happyhatshepsut]

“Boundary Conditions”. I’m out here learning math so I can figure out what Chamath is talking about

[@Arun71150]

Great listen overall!!! Gem * successful teams 28 m 40s!!

[@floridaboy1700]

Wow this guy makes me want to apply.

[@StartupGrind]

You should!

[@parthv5597]

@marcus it has been two years. Did you apply? how did it go?

[@mulatto401]

It's been 4 years now? Did they apply? Probably not.

[@amr0mt]

Till I hear it, how is like to spend like the Red Cross? Though I don't know who this Berkshire is to earn like either..

[@Sportsbreak149]

Hind sight on the trump thing is quite funny

[@JonsonNcube]

LOVE THIS GUY!!!!

[@siansroadtonirvana]

41:30 I love this part.

[@vetrivelmylsamy8750]

@56:27 what was the name?

[@kwnortherner]

We already solved powered flight. That's why no one is working on electrifying a plane.

[@anishsubedi6506]

who are they talking about at 56:40?

[@zachsidana350]

He is this generations Buffet.

[@_blair5759]

Great video.

[@foundingfreedom1537]

Chamath is woke asf. Build diverse team to explore interjecting points of views. Empathy, anti-Homophily, and focused on the long game by removing short game obstacles for smart people to solve monumental problems

[@RajashekarNarayana]

Fucking practical and interesting guy, pretty straightforward with his insights.

[@watersport86]

I don't know if SPCE is investable or not, but it sure would be fun to work there.

[@rejoysurendran810]

What is the difference in culture between a south indian and srilankan, between a north indian and pakistani?

[@TheButcherTheButcher]

Very smart guy, but the Trump prediction... hmmm :)

[@suryaaishu1691]

yoo what was that drink in the beginning??

[@walterharris7866]

Yes okay

[@abit9485]

Oh and the audio is all over the place.

[@tedc7708]

MULN Mullen automotive new crossover EV looks awesome

[@rotimibest8530]

58:45 Funny enough I am a black 23 year old *guy* from Nigeria

[@thisisajaym]

41:42 Best part 😂

[@notworthit3487]

The reason why no one is looking to electrify a plane is because most of us are grinding our way to pay for bills, there is no free time. While the 1% holds all the wealth and free time in the world! It's like Elon Musk said, we need to give time back to people!!! I still think about electrifying a plane. But its all I can do now a days, everyone is just tired from working so much and no money left!!!!! #BITCOIN STRONG

[@mountainman6172]

You need annual income of $400,000 to be considered in the 1% and 20% of Americans live heaven on earth quality life. They're too busy hoarding opportunities, putting barriers to social mobility and essentially operating as the gate keeper. Billionaires are least of your worries

[@cobravoadora]

By BTC! Tic tac...!

[@topperluciani4885]

need to join the justice league! great idea!

[@dimitri8693]

Dam he said what school did your daughter go to? and he didn't even answer

[@DreamCloudNine]

I think this is called the united nations

[@StartupGrind]

We call Startup Grind that sometimes, actually!

[@rclakmal]

Only if moderator was not so interested in his own voice...

[@halflifeproductionz]

29:50 Diversity gun to their heads?

[@kavinmehta]

This one aged like milk 😅

[@cfbredraider]

"I don't think there's a snowball's chance in hell that Trump will win" Don't quit your day job, prophet.

[@alexcipriani6003]

Nuance is hard nobody believed there are that manny dumb people in US to elect Trump it tuns out they are...

[@seanobrien7751]

Ciprian Alexandru our choices were pretty limited... an old hardened businessman, a corrupt attorney from Chicago, or an old commie..... America can do better

[@alexcipriani6003]

commie? Who’s the commie and why?

[@seanobrien7751]

Ciprian Alexandru Bernie Sanders- openly socialist and socialism leads to communism history tells us

[@mistertexaz]

Sean O'Brien he wanted Medicare for all . Canada has that . I guess Canada is socialist. Not too bad a place from what I hear. And I don’t think they turned communist either.

[@Addicted2OILau]

If we all behaved like the title the economy would be toast !!

[@SU-yh1dj]

Do you expect people to believe you know how the economy works?

[@jesussaves7777]

Life is short. Death is real. God Bless! NeedGod.com

[@shubhamsharma-hm5rw]

22:40 haha

[@fanelemabaso2514]

So Chamath is saying lets practice Nepotism, and if they dont know you, they dont hire you?

[@chadf1368]

31:50-33:00

[@mdzeeshanalam08]

Desi elon

[@WildlandsGG]

This dude is WOKE

[@lcr2382]

Give “white guys “ more credit geeez

[@QuantApplicantMattKulis]

not a snowballs chance in hell ay... too bad that was one of the very few things chamath has been wrong about FDT!

[@CaryChilton]

I don't find Chamath to be schooling anyone. He is a Billionaire. Many current Billionaires got there by being at the right time and the right place with something new that creates a viral demand..... There are MANY incredibly smart people who don't care about products or even being super wealthy..... Pure geniuses, often just care about their work. Elon Musk is a billionaire who is really really smart, creates products and continually invests nearly ALL of his money to further his vision. If Elon just wanted to be wealthy, he could have picked a MUCH safer route. Chamath is an Amazon dick-rider, doesn't create value for the world, and you can just see how passive aggressive he is, especially with this smart lady. I would argue on multiple areas, Elon is actually DOING things and CREATING things that will change the future for mankind. HUGE difference. Chamath is a bitcoin shill.... he is just using his influence to strengthen the confidence of bitcoin, which bitcoin needs otherwise fiat currency will crush it.... he is ALL about bitcoin in every interview..... pretty interesting no? Disingenious person, imo

[@Andrew-mm5qn]

So who are you?

[@Lewa500]

Yeah, about that Trump guy...

[@Zenebatos]

the host. lord he cute.

[@SwayampravoDasgupta]

The MC talks too much.

[@philipbarasa6029]

yikes that Trump prediction didn't age well

[@Alex-xo6xh]

@chamath if my returns are better than yours you owe me a Stella and $10,000 in Las Vegas poker chips bruh.

[@alis4381]

The interviewer is so creepy "where does your daughter go to school?"

[@cricfan12]

This guy is a little full of himself. Yes, a good thinker and perhaps a visionary. But does not show any humility. I esp don't appreciate his off-hand comments about solving the problems of the poor - needless millions die of malnutrition and lack of basic health care and the proportion of individuals living under the poverty line ("dollar a day") is in the double-digit. So Chamath...your pet projects are not the most important things in the world. His earlier Uyguyr comment was similarly daft.

[@machoopichoo2]

are you kidding anyone Ghamath? Larry Summers is evil incarnate. How could you name that evil troll? I fear you and the boxes you check

[@abit9485]

I love watching these supposed bright sparks who promise us trump has no way of winning! Update from the future he won. Does this mean I've spent an hour watching some muppet who basically just got lucky!

[@vanessavenkov6668]

Yeah, if you watched the video you would realize that what he was talking about had very little to do with american politics. Basically nohting at all. If you can't make the distinction, then you're the muppet.

[@ksingh2996]

you are billionaire and u wanted to dress up for them ? smh

[@Oracle_Speaks]

I like Chamath, but him saying Trump has zero chance in winning shows Chamath head might be getting a little too big, making him blind to trends in America, Trump will probably get re-elected in 2020. Plus Chamath stating Trump doesn't want people like him in America, was an ignorant comment coming from a such a smart guy like him. Trump's issue is with illegal immigration, Trump married a legal immigrant so he is hardly against immigrants. Chamath showed his bias and illogical political views.

[@mountainman6172]

The idea that Trump is receptive to highly qualified immigrants from his list of countries on travel ban sounds paradoxical, if not downright nonsensical. Trump did not win the popular votes.