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Chamath Palihapitiya: The #1 Secret to Becoming Rich
youtube.com
This is Chamath Palihapitiya.
He’s the billionaire VC who scaled Facebook to 1B users.
And recently, he declared that “Social media is dead.”
5 predictions on the future of social media (and why you need to invest in the creator economy instead):... See more
The speaker explains why investing in unconventional 'weirdos' yields the best results and how strong initial reactions are signals to lean in.
TRANSCRIPT
We knew that then I was like, but that dude just sounds so unlike any other dude I've ever heard about. Go back there And and and I was like and all the things you talking about were not toxic They were just fucking weird Right Right I don want to invest in like sociopaths
And so sometimes you end up with them and you like oh fuck I misread these
... See more
Explaining why crypto has low correlation with risk assets and predicting its future as a major institutional asset class.
TRANSCRIPT
Yeah, so I actually strongly believe that Bitcoin and other blockchain assets are going to generally have a very low correlation with risk assets.
The reason is smart money doesn't own it.
And the reason all these other weird asset classes that intrinsically have nothing in common or highly correlated is modern portfolio theory was so successful
... See moreI’ve mentioned this before but when I raised SC I, I asked Peter to invest. He wouldn’t unless I committed to a big number myself.
My first fund was $275M, I ended up investing $60M. It allowed me to keep total control, have 2% fees and 30% carry. That then held across all subsequent funds.... See more
Chamath Palihapitiyax.com