Chamath Palihapitiya

Chamath Palihapitiya

Founder and Managing Partner of The Social Capital

Wer ist Chamath Palihapitiya?

Chamath Palihapitiya is a famed investor from his role as the Founder and the current Managing Partner of The Social Capital, a multi-hundred million dollar venture capital fund. The Social+Capital Partnership is aligned with a number of the world's most influential entrepreneurs in business, finance and technology and focuses on investing in highly disruptive ideas in healthcare, education, financial services and the internet. Prior to that, Palihapitiya was the longest tenured original member of Facebook's Senior Management team. He served in various roles during his four-year stint at Facebook, including Vice President of User Growth, Mobile and International. Palihapitiya also held senior management positions at AOL (Vice President and GM of AIM and ICQ), Mayfield Fund (a venture capital firm in Silicon Valley), Winamp and (two internet music pioneers) prior to joining Facebook. He is also currently a minority owner and an Executive Board Member of NBA team Golden State Warriors.

Key quote:
"Everybody should probably have 1% of their assets in bitcoin specifically. I still believe that today and I think it [bitcoin] is just a fantastic hedge."
"It would be great that an average individual citizen of any country of the world has an uncorrelated hedge... Every financial instrument is correlated, except Bitcoin."

Picture source: Michael Kovac/Getty Images for Vanity Fair