Lessons from early days of Facebook | Chamath Palihapitiya and Lex Fridman

Lex Fridman Podcast full episode: • Chamath Palihapitiya: ...
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GUEST BIO:
Chamath Palihapitiya is a venture capitalist, engineer, CEO of Social Capital, and co-host of the All-In Podcast.
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[@LexClips]

Full podcast episode: kzbin.info/www/bejne/oXe0hnd5nLKdiMU Lex Fridman podcast channel: kzbin.info Guest bio: Chamath Palihapitiya is a venture capitalist, engineer, CEO of Social Capital, and co-host of the All-In Podcast.

[@drn248]

Lex try and get Donald Glover on your podcast👏🏻

[@georgwrede7715]

I love this channel! For decades I've dreamed of being a fly on the wall when truly intelligent, smart, knowledgeable, or otherwise essential people give their best thoughts, and now I can!!!!!!! Thank you, Lex!

[@cookiain]

Dude casually explaining how they hacked everyone’s perception of the world like it’s a good thing

[@cookiain]

“Newsfeed” made us all think we had an accurate perception of the world when really we were all stuck in echo chambers

[@dixztube]

Ya I came away from this interview sympathetic for his daddy issues, that he’s probably a very difficult person to deal with, extremely smart but prone to being really really right and also super confident in some wrongs. Thoughtfully wrong I call it and it’s dangerous lol Overall I think most of these folks at his level are sociopaths. But he’s very wise in a way. You can take a lot from his words and grow as a person. Sadly folks like him are ironically ruining the world with their work but helping individuals with their words. It’s strange

[@vanivari359]

yes, and if you listen to the stuff after 11:15 - what a dystopic world, in which companies like facebook and twitter fully control every aspect of your life which means they can also control your opinion on any topic. In such a world, you could turn the super left pink haired college kid into a far right ghoul or a nazi into a communist by presenting them 24/7 a perfect mix of information including the restaurants you go to, the movies you see, the news, the music, the friends you make online... considering how isolated people are nowadays. The worst thing is that there is probably no way to prevent this from happening.

[@teamtoken]

Chamath is a scumbag. Apart from cocksucker Zuckerberg, if you want to put another face on why social media is screwing up the world, Chamath played a big part of it. He was the main guy who spearheaded FB and instagrams growth at all costs attitude, even when that growth was harmful to democracy, teen girls, fake news etc. Making people suicidal and doubtful of everyone? If it increases user engagement, keep doing it! I’m so happy Meta is completely failing and hopefully it takes Zuckerberg down with it

[@hacorn96]

Not necessarily good or bad imo. Humans are not good predictors by default. The innovative ones move and break things, and we figure out how to improve.

[@ChosenPlaysYT]

14:00 "Yeah I 100% agree with you, and that's why you're so smart." lol nice flex Lex

[@user-wr4yl7tx3w]

wow, now he wants to take credit for data science. like al gore taking credit for internet. I wonder exactly what talent did he have, other than being talkative and self-promotional. if it wasn't for Facebook, he would just have been another product manager.

[@noam2315]

Good morning world; may you all have a good day. My love and respect from Belgium.

[@alexkimpe]

good morning dude, from Belgium too!

[@SusanHopkinson]

And good morning and love from Brussels 😁

[@jamesdoyle4976]

Good morning. From England

[@dreamjackson5483]

I'm not having this. I'm sorry

[@rasbperrypi133]

Good morning, from sunny South Africa ☀️🕶️

[@YasinNabi]

"People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy." -- Tony Robbins

[@thequestion3953]

This is good. It means, if you’re failing you should simply try as hard as humanly possible to make a win happen, then build from there.

[@MilkShake]

Great talk

[@ekeub73]

This clip highlights many important points around experimentation within a novel/controversial area of thought which the unintentionally impact will effect millions/billions of people in society. My fascination with this clip is more its brilliance, but also because a lot of users are using the "move fast and break things" concepts knowingly or otherwise to gain followers these social media platforms without thinking about consequences. I asked myself; in almost 20 years of social media connecting the people of the world, are we more collaborative or separated? What do you think?

[@live-soccer]

this is a great post and a great question.. from top to bottom, entities in masses try to breakthrough and be different and individuals..where also can backfire - "divide and conquer" - can be used or manipulated by more bigger entities - for example identity or race card - used by individuals as victim card to get upper hand , or We VS They type of divide conquer - manipulated to consolidate around bigger players/pockets interest. On other hand when masses or individuals understood who is the the real enemy, they unite against that enemy.. as a result, a figure of "enemy" unites, against another side, and that is manipulative. As someone said - when I point at something, people tend to look at object rather than a finger - while animals do look at finger. It is a bad habit, but humans should look at finger too, the quality and intention of that guidance. Tragedy of humans is that although we rationally understood the consequences, we still do not reduce the wrong doings, but we are very good at adapting after it. This cycle of break and fix will never shift to just don't do it, or create..Something always has to crash, and the fear will move us

[@eliotsalandybrown]

Fascinating insight

[@jimmylandress2284]

So good Lex 👍

[@msrr1303]

This clip really shows the things you can do when brilliant people are in the right place, at the right time. It almost feels unnatural how the flow of ideas and execution align perfectly.

[@ameerpasha1181]

Chamath can be a great rap lyricist

[@timesize]

Not to mention Apple had already introduced using the simplest icons imaginable

[@helldeirch]

it actually makes sense what they're doing with metaverse, they're just making mistakes quickly

[@tmmnago2722]

Meta verse is like 1 decade too early.

[@kuwa333]

@@tmmnago2722 Yeah something like metaverse is bound to happen, but technology right now makes it less viable.

[@dixztube]

When I heard Andre schzults whatever his name is and mdhk b whatever his name is lol their discussion made me kinda see it. Then when I hear the notion smart people aren’t crazy - try to see the word in their eyes and steelman with friends various topics I can really see this being the sad and awful but future. Maybe it is maybe not but zuck doesn’t seem as irrational to me. Thus far he’s probably one of the best business persons in history …. Dude is 1 for 1 in business and that 1 became the most influential company in our age. It’s insane honestly

[@pjuliano9000]

Its a big endeavor ... I'm a software engineer ... its going to take a decade

[@homergump3]

"Steel-Man" is to Chamath Palihapitiya what "Ven-Diagram" is to Kamala Harris

[@glowgirl8171]

Not a brain. Don't understand much. But I love these guys.

[@khialaaloocompany590]

Steel man

[@Suckerx911]

"You can't connect the dots looking forward," Jobs said. "You can only connect them looking backward. "

[@matthewplank4886]

Lucky for you, you control the narrative.

[@Seanpfree]

1. Create SPACS 2. Make everyones stimulus checks your stimulus checks.

[@dixztube]

Zuck looks like his name rhymed with c lol

[@ramdam974]

14:00 Lex: "I 100% agree with you, hum that's why you're so smart..." Everyone think someone who agrees with them are the rightest and the smartest...

[@Anuzyx]

SPAC Memes aside, my god, what an eloquent, intelligent man.

[@mannycalavera121]

Lesson from early days of FB? Being the only non Jewish shareholder is hazardous to your stock holding

[@mok3346]

12:26...after a long-winded, suuuuuper utopian description of the so-called benefits of all this invasion of privacy: "and i think you license that and you make a lot of money." he said that shit like it was nothing too, that was slick lol

[@joaosalvador8209]

outsource decision making. That's the future. Too much things to choose from nowadays.

[@manonamission2000]

outsource decision making = lack of accountability and recusal of responsibility

[@itloads]

Didn't know Chamath was the founder of Facebook.

[@1binufrancis]

He wasn't the founder - he was part of the early exec team, right after FB started expanding out of college campus networks. Was very good timing, highest growth period in FB's stock price history, which made Chamath a billionaire.

[@virdi1992]

He’s a well spoken genius.

[@JohnChoidotOrg]

You misspelled "con artist".

[@PGVladimirovich]

🐍

[@matthewplank4886]

Nah man. That's not how it went down.

[@Joelio8701]

I always wanna throw up when people call Mark Zuckerberg "Zuck"

[@Gummylongtail]

My entire degree program was a mistake bruh

[@alexshaykevich509]

I liked a lot of what was said here right up until the end re the zero marginal cost of energy. I don't know what he means by this, but it certainly can't be the literal interpretation. We are approaching a time of increasing energy scarcity, not the other way around. The pressure on the mineral inputs required for renewables alone are already burdensome. I think CP is flirting with a dangersous utopianism that doesn't address the reality for billions of people worldwide.

[@BoKnowsBrains]

hes got that silicon valley mindset still. "the numbers will keep going up".

[@candyOrangeGray]

CP is utopian?!? Bro the FBI is coming for you

[@alexshaykevich509]

@@candyOrangeGray Bro... Come on bro. Bro. He said energy will have zero marginal cost next year. Bro. I wish someone would tell the gas companies.

[@robertwalkley4665]

When you can place a data center wherever you like, it can have zero *marginal* cost; that is, the cost to produce more after your fixed costs are paid down.

[@alexshaykevich509]

@@robertwalkley4665 Huh? Does each extra employee work for free? The conversation was actually about energy costs.

[@LofiWurld]

Soo Chamath owns the patent for cookies and invented the term data scientist. Check out

[@titrecords2294]

I like this guy but I won’t eat anywhere just because I “should” . Who decides? 😐

[@macrosense]

I was upset when lycos games went down. Then yahoo games went down.

[@siguc]

11:06: Counter-argument to "digging down": FB seems to be losing audience. Assuming the trend continues, once this audience moves somewhere else, the value of even the smartest AGI predictions over that shrinking audience evaporates within a few months.

[@pluto8404]

FB stopped digging down. They started showing themselves by becoming political activists, sensoring and disrupting the free flow of human interaction. The goal is to create a seemless service people need without actually thinking about it.

[@Hecticam]

No different from any other con artist out there

[@Seanpfree]

The SPAC scam king 🤴 way to go Chamath! Very impressive

[@JoeHarnden1991]

Terra Flops ?

[@godiegolem]

I think they just have to make up words for big numbers that no one has named yet. Not sure how many extra zeros it takes to get to "terraflop" though, but I imagine it's a lot. Pretty sure they were referring to storage space pretty much. Like memory size.

[@teddyruxpin3811]

Teraflop is a real term. They didn't make it up. It's used to measure performance of a GPU (which is what most AI processing uses). A teraflop refers to a processor’s capability to calculate one trillion floating-point operations per second. Saying something has “6 TFLOPS,” for example, means that its processor setup can handle 6 trillion floating-point calculations every second, on average.

[@judysamaniego1606]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks. I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

[@ashleighking9073]

Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I'm buying again

[@judysamaniego1606]

Hi, please who is the expert assisting you and how do I reach out to them?

[@ashleighking9073]

The broker I'm in touch with is *ASHLEY AIRAGAHI . I came across her in a Bloomberg interview and got in touch with her. You can use something else. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

[@miaejaita7119]

Same here, i will praise Mrs Ashley over and over again because she has great skills, i started with $2,400 and after 2week i received a returns of $9,150 then i continue with her ever since she has been delivering.

[@nelsonkatherine2123]

I traded with her, The profit are secured and over a 100% return on investment directly sent to your wallet.

[@kryptotippytoes2088]

It’s now clear to me that Chamath was the real brains behind Facebook’s growth, and now that he’s not there, it’s collapsing.

[@matthewbridges3147]

This is a vast over simplification of a complex company history

[@dixztube]

@@matthewbridges3147 right lol

[@vancedadder]

@@matthewbridges3147 he would have been completely on point if he used blitzkrieg instead of growth

[@fxlltxtsearch]

Youve been hoodwinked by charm

[@kyledodson2992]

This guy and all early tech start up contributors should be locked away and sentenced to capital punishment

[@worldshaper1723]

Jesuuuus! No one deserves in my opinion. Can you explain why you dislike him?

[@matthewplank4886]

Mistakes? Maybe "strategic mistakes" or "systematized mistakes". YOUR NARRATIVE IS WEAK.

[@patrickspooner3029]

1st. Great interview

[@beachboy13600]

Facebook is on the wrong side of what being a human should be.

[@elisabeth4342]

Well, that was the intent all along. Even Zuckerberg admitted to designing the platform(s) with negative algorithms in mind. That was the intended consequence. All about the Benjamins. At least now, he, as well as other creators and top executives, admit that's the platforms have become too toxic on many levels and they'd like too see MORE - not less - empathy and compassion. It can only help the youngest generations - not hurt them.