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Chamath Palihapitiya quotes on people, goals, finances, reality, difficulty, and belief.

63 Thought-Provoking Quotes By Chamath Palihapitiya

Famous As: Venture Capitalist
Born On: September 3, 1975
Born In: Sri Lanka

Chamath Palihapitiya is a distinguished Canadian-American venture capitalist, founder and CEO of Social Capital engineer and SPAC sponsor. Born in Sri Lanka, he moved to Canada at the age of six. From 2007 to 2011, he worked as a senior executive at ‘Facebook.’ He started his own fund, ‘The Social + Capital Partnership,’ which later became ‘Social Capital,’ after he quit his job at ‘Facebook.’ We bring to you a collection of popular sayings by Chamath Palihapitiya on belief, finances, opportunity, money, perspective, advice, ambition, focus, entrepreneurs, winning, struggle, perfection, values, bitcoin, health, ambition, resilience, time, will, etc.

Startups should be, if you graph their financial performance, it should be what's called a J curve. You start out at zero, you're not making any money, you're not losing any money.

Chamath Palihapitiya

Zuck is unemotional. He doesn't get influenced by ego.

Chamath Palihapitiya

Your job as a smart investor is to separate the facts and the news from the fiction and the noise.

Chamath Palihapitiya

You need to use data science and machine learning to get the ground truth of what's happening inside of a company.

Chamath Palihapitiya

You have to respect people for who they are on a basic level.

Chamath Palihapitiya

When I left Facebook, I left an enormous amount of equity on the table. I thought, 'I don't want to be a slave to money. I want to be a slave to something bigger: an ambition, a goal.'

Chamath Palihapitiya

When Facebook went public, they didn't have a particularly strong model of governance.

Chamath Palihapitiya

We need to go after cancer, diabetes, climate change, the substantive problems of the world that, if were solved, would create immense wealth and opportunity that would cascade across countries.

Chamath Palihapitiya

We need to divorce ourselves from venture capital as an occupation and focus on using capital as a way to take really big bets on things that just seem totally audacious.

Chamath Palihapitiya

VC has always been this high-touch, in-your-face-type business.

Chamath Palihapitiya

Valuable companies take decades to build.

Chamath Palihapitiya

There's a handful of exceptionally good companies, but there's always one company that's the best.

Chamath Palihapitiya

The government - they're completely useless.

Chamath Palihapitiya

Startups should be - if you graph their financial performance, it should be what's called a J curve. You start out at zero. you're not making any money; you're not losing any money.

Chamath Palihapitiya

Something like bitcoin is really important because it is not correlated to the rest of the market.

Chamath Palihapitiya

One of the things I have known my entire life is that I have an innate capability for making money.

Chamath Palihapitiya

Not everybody is right all the time.

Chamath Palihapitiya

My mom was a nurse, and my dad worked in the Health Ministry as a civil servant. When I was 6 years old, my dad got a job at the Sri Lankan High Commission in Canada, so we moved there.

Chamath Palihapitiya

My first job was at a Burger King.

Chamath Palihapitiya

Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.

Chamath Palihapitiya

It's important to understand the compensation equation that a CEO and a founder has with his or her employees.

Chamath Palihapitiya

If you're trying to get to profitability by lowering costs as a startup, then you are in a very precarious and difficult position.

Chamath Palihapitiya

If the government shuts down, nothing happens, and we all move on, because it just doesn't matter. Stasis in the government is actually good for all of us.

Chamath Palihapitiya

I'm a living testament to the value of immigration. I escaped a civil war, and I came to Canada as a refugee, and they gave my family protection. I did my best to pay that country back, and I think I did that.

Chamath Palihapitiya

I wish I had invested in the series A of Snapchat and Uber.

Chamath Palihapitiya

I wasn't blessed with the natural ability to rein myself in.

Chamath Palihapitiya

I was raised in a house where my mom was the primary breadwinner. It was a dysfunctional house, but she showed tremendous resilience.

Chamath Palihapitiya

I was born in Sri Lanka.

Chamath Palihapitiya

I think when you think about immigration, what we need to do is realize that that human capital, if put in a place to succeed, will literally sacrifice everything.

Chamath Palihapitiya

I think what IBM is excellent at is using their sales and marketing infrastructure to convince people who have asymmetrically less knowledge to pay for something.

Chamath Palihapitiya

I think Apple is a productive cash machine.

Chamath Palihapitiya

I feel like a lot of entrepreneurs hear all this talk about profitability and realize they need to lower their burn. So, they just start chopping off perks and people.

Chamath Palihapitiya

Here's the thing - if you want to do good things in the world, there's just only so much time that one can spend being glass half empty.

Chamath Palihapitiya

Half the population of the entire world is women, and people are somehow shocked that this entire half is as capable as the other half.

Chamath Palihapitiya

Good investors have to choose how to allocate their mind share with the precious capital they have.

Chamath Palihapitiya

Facebook could have gone public whenever it wanted. We decided the right time was 2012. It could have easily been 2010 or 2014.

Chamath Palihapitiya

Early traction of Tesla is tracking very closely to Apple.

Chamath Palihapitiya

Companies are transcending power now. We are becoming the eminent vehicles for change and influence, and capital structures that matter. If companies shut down, the stock market would collapse.

Chamath Palihapitiya

Betting against entrepreneurs who are changing the world has never been a profitable endeavor.

Chamath Palihapitiya

Being a tech company has to be about a pattern of repetitive innovation.

Chamath Palihapitiya

At some point, Apple will become much more aggressive and much more daring in taking their brand and capital to really reshaping markets.

Chamath Palihapitiya

All these social media sites allow us to confuse truth and popularity. That has to be fixed. Because every normal citizen has a right to know what is factual versus what is amplified by good actors or bad actors.

Chamath Palihapitiya

All of the business of selling apps and selling subscriptions is extremely cruelly misunderstood, including by me.

Chamath Palihapitiya

I want children who can make eye contact. I want children who know how to resolve conflicts with their peers. I want children who understand the dynamics of interpersonal relationships that are physical and tactile. I do not want children that only know how to interface with the world through a screen.

Chamath Palihapitiya

I've found that a lot of successful poker players grew up poor. And I'm convinced that poor people have a risk tolerance that rich people don't have because poor people fundamentally don't value money that much because they're used to not having it.

Chamath Palihapitiya

None of us are going to fix governance; it may just be beyond repair. But you can fix capitalism. And the reason you can fix capitalism - It is inherently numerical, and as a result, it is inherently objective. It can be done objectively.

Chamath Palihapitiya

The goal of a private company is, first, zero to one: Get past the product-market fit; figure out whether people actually care about what you're trying to build and someone will pay you money for that. That's the zero to one problem.

Chamath Palihapitiya

The point of Silicon Valley, at least when I moved here, was we're all trying to do stuff, and none of us quite felt like we fit in anywhere else. But we were all trying to do good things. And the money was just the byproduct of good things.

Chamath Palihapitiya

Today we live in a world now where it is easy to confuse truth and popularity. And you can use money to amplify whatever you believe and get people to believe what is popular is now truthful. And what is not popular may not be truthful.

Chamath Palihapitiya

We curate our lives around this perceived sense of perfection, because we get rewarded in these short term signals: Hearts, likes, thumbs up. We conflate that with value, and we conflate it with truth, and instead, what it really is is fake, brittle popularity that's short term and leaves you even more vacant and empty before you did it.

Chamath Palihapitiya

As you start the company, you start spending spending spending ahead of revenue but then you come out of it and very quickly you should become a company that spends less than it makes. And what I mean by very quickly, is that window of time should be in that 6 to 8 year time frame. And the reason is because if you build your business model correctly it's almost unavoidable.

Chamath Palihapitiya

I think going public should not be a goal and the more that we make it a goal, the less it will be a goal. It's kind of like, I have three young children and when I tell them to eat vegetables, the last thing they will ever do is eat vegetables. I think it's just this weird thing where entrepreneurs have a reflexive negative reaction when people are pushing for it. I think you have to view going public for what it is, which is a transitional moment where you can consolidate mindshare and win at an even larger scale.

Chamath Palihapitiya

I think the reality is that it's never been a better time to be an entrepreneur, it's never been a better time to work at a startup. You work at a really intellectually free environment, you get to work with people who are like-minded, it's very energetic. It's wonderful.

Chamath Palihapitiya

I think unfortunately in this gold rush mentality that we've been in for the last years there has been not enough focus on business model quality. So when push comes to shove, there actually aren't that many great businesses that can go public. Because I think if you're going to thrive as a public company, it presupposes that you make more money than you spend.

Chamath Palihapitiya

I would tell startups to just keep your head down, keep building. Your contingency plan, if you have one, should be because you are still spending more than you make and you still don't have a line of sight for that J curve. That is the most important contingency. Because otherwise you are betraying that equation to your cofounders, to your investors, to your employees and to your customers.

Chamath Palihapitiya

If the investors themselves are not sophisticated, if they themselves are not putting a lot of their own money to work, if they themselves don't understand the continuum of capital and how different parts of the capital structures react differently, then they're basically worthless. They're not going to give great advice to these entrepreneurs who then need it. So that is unfortunately the cycle we're in and we have to break the cycle.

Chamath Palihapitiya

If you look at the ecosystem, entrepreneurs as a class have gotten younger, younger, and younger. They also as a class have become less and less and less experienced. The good part about that is that you're unlocking this ability to start a company to so many more people. That's an amazing positive. The negative is they're coming to that job with dramatically less experience than they've ever had. So there needs to be someone around the table that can then help them.

Chamath Palihapitiya

It's OK, by the way, that it takes 10 years for you to make "money." Since when was it that being in your mid-30s to make a few hundred thousand dollars or a million dollars was like egregiously unfair? I think we have to have a sense of perspective here. We're all going to live into our 80s or 90s. So what is everybody in such a rush for?

Chamath Palihapitiya

People should absolutely have a point of view about the political process themselves individually, but we're also at a point in the evolution of capitalism where any one individual's impacts are over estimated because there is enough regulation and guard rails. They may be odious and grotesque in what they say, but the practical day-to-day impacts from a policy perspective tend to be limited because the system made it so. That's why you see a lot of political apathy because people have internalized the inability for anyone either really really good or really really bad to do anything.

Chamath Palihapitiya

The entrepreneurial struggle is the same at basically every stage in the sense that there's maybe slightly less risk but strategic issues are generally always the same. Now there's so much existential risk from another company either being able to compete or to disrupt you in the same way you're disrupting somebody else, an entrepreneur needs a real steady partner who has the ability to start working with them in the Seed or the A and be credible and value-add with strategic advice, and just be backstopped by so much capital that you can do any growth round or even a public round.

Chamath Palihapitiya

The half-life of companies is shrinking. So in the same ease in which you can start a company today to disrupt an incumbent, you have to also realize that somebody will do that to you as well just as easily. So if you're not just going to get on top but stay on top, that will require a real prepared mind across many companies.

Chamath Palihapitiya

The reason to go public is that it is a massive branding, marketing, credibility, trust-building exercise with your customers, and then it allows you to consolidate power and scale and market share. Do we want to be a huge company with a huge impact? If the answer to that is yes, the only way that that happens is by going public. It is effectively a branding event that catalyzes interest. It helps with recruiting, it helps with marketing, it helps with sales. It just helps on many dimensions. I think it's basically a litmus test for the CEO's ambition.

Chamath Palihapitiya

What you should be in a rush for isn't necessarily the immediate monetary return, but it's to know that this equation existing between an employee and a company is being honored. What's the equation? I'm going to give you my most precious thing that I have - my time and my reputation. That's what the employee says. And the company says I'm going to take your time and your reputation and direct it at things that we believe collectively have a huge impact opportunity to do something extremely positive. And that positivity will get measured in impact and also economic upside.

Chamath Palihapitiya