Chamath Palihapitiya

From Wikipedia the free encyclopedia

Chamath Palihapitiya
Palihapitiya in 2019
Born (1976-09-03) 3 September 1976 (age 47)
Sri Lanka
Citizenship
  • Canada
  • United States
EducationLisgar Collegiate Institute
Alma materUniversity of Waterloo
Occupations
  • Entrepreneur
  • Businessman
  • Venture capitalist
Years active2007–present
Spouses
Brigette Lau
​
(div. 2018)​
Nathalie Dompé
​
(m. 2023)​
Children5

Chamath Palihapitiya (born 3 September 1976)[1] is a Sri Lankan-born Canadian and American venture capitalist, engineer, SPAC sponsor, founder and CEO of Social Capital. Palihapitiya was an early senior executive at Facebook, working at the company from 2007 to 2011. Following his departure from Facebook, Palihapitiya started The Social+Capital Partnership, through which he invested in several companies, including Yammer and Slack. He is a co-host of a technology podcast, All In, along with David Sacks, Jason Calacanis, and David Friedberg.[2][3][4]

Early life and education[edit]

Palihapitiya was born on 3 September 1976 in Sri Lanka.[5] His family has origins in Galle.[6] His father was posted to the High Commission of Sri Lanka, Ottawa and moved his family to Canada when Chamath was five years old. Five years later, in 1986, when the posting came to an end, the family sought asylum in Canada, as the father had been criticized for his views about violence during the Sri Lankan Civil War.[5]

Palihapitiya's father was frequently unemployed, and his mother did low-paying housekeeping jobs.[7] At age 14, Palihapitiya worked at a Burger King to support his family.[8] His father died in October 2014.[6]

He attended Lisgar Collegiate Institute.[9][10] After graduating from the University of Waterloo in 1999 with a degree in electrical engineering, Palihapitiya worked for a year as a derivatives trader at the investment bank BMO Nesbitt Burns. He then accepted a job offer at Winamp and moved to California.[11]

Career[edit]

2004–2011: Winamp, AOL, Mayfield, and Facebook[edit]

Palihapitiya joined Winamp, which was subsequently acquired by AOL, where he became the company's youngest vice president, heading its instant messaging division in 2004.[12][13] In 2005, he left AOL and joined Mayfield Fund; in 2007 he left Mayfield and joined Facebook, which was then a little more than three years old.[12]

Palihapitiya in 2007 speaking at a Facebook event.

Palihapitiya's work at Facebook in the first year was messy by his account.[14] Palihapitiya led the release of Facebook Beacon, an advertising system that which failed and became the subject of lawsuits. Palihapitiya next focused on new user growth; after four years, Facebook had 1 billion users.[15][16] Before leaving Facebook, Palihapitiya led the Facebook Phone and Facebook Home projects.[17][14]

Steven Levy wrote in Facebook: The Inside Story that Palihapitiya was regarded as a "bully" at Facebook,[18] and that his subordinates often cried as a result of his bullying.[19]

2011–present: Social Capital[edit]

See also: Social Capital (venture capital)

Multi-LP venture capital fund[edit]

In 2011, he left Facebook[20] and started his own fund, The Social+Capital Partnership, with his then-wife. The firm changed its name to Social Capital in 2015.[12][21] Through the fund, Palihapitiya invested in a number of companies, including Glooko, Inc, Yammer, SecondMarket, Slack, and Box.[22][23][24] As of 2015, the fund had more than $1.1 billion in total assets most of which came from external investors.[25][26][27]

In 2018, there was a massive decrease in Social Capital fund's operations and a significant exodus of top management and co-founders.[28][29][30] Axios reported that Palihapitiya was spending a significant amount of time with his new girlfriend in Europe and rarely showed up to the office or answered emails from employees.[31] The firm returned investor capital and converted into a family office although continued to manage some external capital on a no-fee basis.[32][33][34]

In December 2019, Palihapitiya stepped down as a member of the board of directors of Slack.[35][36][37]

Transition to single-GP technology holding company[edit]

After transitioning to a single GP firm, essentially Palihapitiya's family office, in 2018, Palihapitiya said he wanted to return to first principles and restructure the firm to better align with the long-term interests of entrepreneurs, not just limited partners (LPs).[citation needed]

Since then, Social Capital has made investments in three areas: climate science, life sciences, and biotechnology, and the decentralization of the digital economy through platforms such as blockchain, crypto, and digital assets. Palihapitiya manages from a balance sheet of permanent capital.[38][39][40][41]

SPAC platform[edit]

Palihapitiya with Virgin Galactic founder Richard Branson in 2019

Palihapitiya previously said that he reserved symbols from IPOA through IPOZ.[42]

In 2019, Palihapitiya helped take Virgin Galactic public through a Special-purpose acquisition company (SPAC), previously known as IPOA.[43][44] In March 2021, Palihapitiya sold his stake Virgin Galactic for around US$213 million.[45][46] In February 2022, Palihapitiya stepped down as chairman of Virgin Galactic.[47]

In 2020, Social Capital Hedosophia took Opendoor, an online real estate marketplace, public through a SPAC. OpenDoor raised $1 billion through the merger, $400 million of which came from the SPAC and an additional $600 million through PIPE investors. Palihapitiya accounted for $100 million of the PIPE.[48]

In 2021, Palihapitiya announced he planned to help take SoFi, a financial services platform,[49] and Clover Health, a Medicare insurance company, public through SPACs.[50] This gained Palihapitiya criticism from the Financial Times, which said that he is "shilling risky reverse-mergers to retail investors on a almost bimonthly basis".[51]

Following the Clover Health SPAC merger, Hindenburg Research, a financial analyst and short-selling specialist firm, issued a report about this transaction accusing Palihapitiya of luring investors into a “broken business”,[52] arguing that he failed to inform them about an active Department of Justice investigation into Clover's allegedly deceptive business practices.[53] Palihapitiya made more than $290 million from the deal based on a $25k investment.[54][55] In addition the Clover Health co-founder/CEO's previous company, CarePoint Health, a hospital conglomerate in New Jersey, was accused of price gouging customers and according to a NJ state commission siphoning off $150 million to himself and his friends bankrupting the company and causing a hospital crisis in NJ.[56] Regulators in NJ called for an investigation of Clover Health because of the CEO's previous actions.[57] The Securities and Exchange Commission opened an investigation into the allegations set forth in the Hindenburg Research report on 4 February.[58][59][60]

During the GameStop short squeeze, Palihapitiya repeatedly attacked Robinhood and its founders for being unethical by selling payment for order flow to HFT firms like Citadel Securities and pushed his fans to switch over to SoFi, which was merging with his SPAC yet failed to mention that SoFi employs the same practice of selling payment for order flow to HFT firms (including to Citadel Securities) and owns a 16% stake in Apex Clearing Corp, a clearing house involved in the controversy.[61][62][63]

In April 2021, John Coates, acting director of the SEC's corporate-finance division, criticized Palihapitiya's views on the benefits of SPACs over traditional IPOs:

Some — but far from all — practitioners and commentators have claimed that an advantage of SPACs over traditional IPOs is lesser securities-law liability exposure for targets and the public company itself.

— John Coates, "SPACs, IPOs and Liability Risk under the Securities Laws", U.S. Securities and Exchange Commission[64]

Coates clarified that a judge could rule a SPAC is similar enough to an IPO that the lesser securities law liability would be void.[65]

In June 2021, Social Capital Survetta filed for four new SPACs, focusing on biotechnology companies, under the stock tickers DNAA through DNAD.[66]

Political positions and activities[edit]

Palihapitiya has donated to the Democratic Party.[67] As of February 2021, he had reportedly donated $1.3 million to the party over the previous decade.[68][69] He donated $7,500 to Republican Ted Cruz in 2011.[69] In March 2020, Palihapitiya told The New York Times that he would like to see Michael Bloomberg at the top of the Democratic ticket in the 2020 Democratic Party presidential primaries, paired with Amy Klobuchar or Elizabeth Warren.[70][71] In September 2023, Palihapitiya hosted a minimum $50,000-per-plate fundraiser at his home for Vivek Ramaswamy.[72][73]

Immigration reform and policy advocacy[edit]

Palihapitiya was listed as one of the "Founders" of the lobbying group FWD.us.[74] The group launched on 11 April 2013, and its goals include immigration reform, improving education, and enabling technological innovation, all in a United States context.[75][76] An article in The New Republic stated that Palihapitiya received a weekly report about FWD.us and also quoted him as saying, in response to controversy around the FWD.us political lobbying strategy: "The folks that are actually people that run that day to day are sophisticated and understand the nuances of how to affect it ... It's a really gnarly, gnarly thing having to deal with Washington. And to be honest with you, my perspective was, it's a really good investment because it's a good way to pay it forward, and I'm really glad there are other people other than me who are dealing with it who have the patience and resolve to figure it out."[77]

San Francisco inequality and housing controversy[edit]

At Bloomberg's Next Big Thing conference in Sausalito, California, Palihapitiya made remarks critical of San Francisco's then mayor, Ed Lee, and proposed that the city provide subsidized housing to low-income residents funded by an equity tax on startups, with the tax-and-subsidy schemes potentially restricted to particular zones of the city. This led to a heated debate between Palihapitiya and super angel Ron Conway.[78][79] Conway, a supporter of Lee, defended the city's policies, argued that things would get better for all residents, and noted that Palihapitiya lives in Palo Alto rather than in the city.[80][81] In a later clarification to TechCrunch, Palihapitiya outlined his vision in more detail and described how his views on inequality and social mobility were shaped by his experience growing up with poor immigrant parents in Canada.[82]

Criticism of Facebook and social media[edit]

In November 2017, Palihapitiya said that, for ethical reasons, he regretted helping Facebook to become the largest social media platform.[83] He said,

The short-term, dopamine-driven feedback loops that we have created are destroying how society works: no civil discourse, no collaboration, misinformation, mistruth and it's not an American problem. This is not about Russian ads. This is a global problem. It is eroding the core foundations of how people behave by and between each other.[84]

After criticism from Facebook for his remarks, Palihapitiya said,

I genuinely believe that Facebook is a force for good in the world, so I'd like to expand on my comments ... My comments were meant to start an important conversation, not to criticize one company—particularly one I love. In 2017, many of us have grappled with the unintended consequences of the products we've built. Social media platforms in particular have been used and abused in ways that we, their architects, never imagined. Much blame has been thrown and guilt felt, but the important thing is what we as an industry do now to ensure that our impact on society continues to be a positive one.[85][86]

He reiterated this criticism in a podcast with Kara Swisher.[87]

California gubernatorial campaign[edit]

On 25 January 2021, Palihapitiya announced he would challenge incumbent California Governor Gavin Newsom in the event Newsom was recalled.[88][89] If elected, Palihapitiya said he would cut the state income tax rate from 16 to 0 percent, provide free education vouchers, allow for a two thousand dollar credit for every child born in California, and work to make California the center of climate and technology jobs. He shared a campaign website that was created by a supporter.[90][91]

In February 2021, however, Palihapitiya declared he would not run for governor.[90][92]

Comments on persecution of Uyghurs in China[edit]

In January 2022, Palihapitiya said on the podcast All-In with Chamath, Jason, Sacks & Friedberg to co-host Jason Calacanis that the ongoing persecution of Uyghurs in China and internment of at least one million Uyghurs in concentration camps in Xinjiang, China does not concern him:

Nobody cares about what's happening to the Uyghurs, okay. You bring it up because you care and I think it's nice that you care. The rest of us don't care. I'm just telling you a very hard, ugly truth. Of all the things that I care about, yes, it is below my line.[93][94][95][96]

Palihapitiya said he and most Americans care more about domestic economic issues than the human rights abuses of China's Uyghur minority.[97] In response, the Golden State Warriors issued a statement saying that Palihapitiya "does not speak on behalf of our franchise, and his views certainly don't reflect those of our organization."[94][98] Palihapitiya later apologized for these comments in a tweet, stating that he recognized he came across as "lacking empathy" and that "To be clear, my belief is that human rights matter, whether in China, the United States, or elsewhere. Full stop."[98][95]

Investments and philanthropy[edit]

While at Facebook, Palihapitiya invested in several startups through Embarcadero Ventures, a venture capital fund.[20]

In 2010, Palihapitiya helped to buy the Golden State Warriors for $450 million;[99] he remains a minority stakeholder and board member of the team.[100] According to the team as of 2022 he was a "limited investor with no day-to-day operating functions".[101] In 2022, Palihapitiya’s 10% stake in the team was worth $520 million - a 2000% return on his $25 million initial investment.[102]

Palihapitiya has donated consistently to his alma mater, the University of Waterloo, including a $25 million donation to the engineering department in 2018.[103]

In 2021, he donated $7 million to provide clean drinking water to 1,000 families in California's Central Valley through a partnership with one2one, an American foundation, and Source Global, the maker of solar-powered hydropanels that extract potable water from the air.[104]

Personal life[edit]

After graduating from college, Palihapitiya followed his future wife, Brigette Lau, to California.[105][106] They had three children together, and divorced in 2018.[107][108]

Palihapitiya lives in California with his second wife, Nathalie Dompé, an Italian pharmaceutical heiress, model, and Director of Operations of Dompé Holdings, whom he started dating in 2018,[109][108] and with whom he has two children. The couple were married at the Castello Brown in Italy in July 2023.[110]

In a December 2017 interview, Palihapitiya said that he keeps his children as far away from social media as possible, except for the occasional movie, explaining, "I don't like this co-dependency of 'they need to rely on me, and when they can't, I feed them a device because that becomes a babysitter'."[105]

Palihapitiya has three World Series of Poker (WSOP) and two World Poker Tour (WPT) cashes for a total of $175,801.[111] In 2011, he finished 101st out of 6,865 entries in the World Series of Poker's Main Event.[112]

Palihapitiya purchased a $75 million Bombardier Global 7500 in 2020.[113]

See also[edit]

References[edit]

  1. ^ Palihapitiya, Chamath (3 September 2015). "Life…". Medium. Archived from the original on 7 March 2023. Retrieved 17 April 2021.
  2. ^ "5 Things You Might Not Know About Chamath Palihapitiya". Benzinga. 10 January 2021. Archived from the original on 7 March 2023. Retrieved 10 June 2021.
  3. ^ Levy, Ari (30 July 2021). "Early Google exec got Larry Page's backing to build a start-up factory focused on saving the planet". CNBC. Archived from the original on 7 March 2023. Retrieved 30 July 2021.
  4. ^ Wieczner, Jen (2 October 2023). "How Loro Piana Became Silicon Valley's Favorite Flex". New York Magazine. Archived from the original on 4 October 2023. Retrieved 5 October 2023.
  5. ^ a b Lee, Allen (8 July 2020). "10 Things You Didn't Know about Chamath Palihapitiya". Money Inc. Archived from the original on 7 March 2023. Retrieved 16 September 2021.
  6. ^ a b "GAMAGE PALIHAPITIYA Obituary (2014) - Toronto Star". Legacy.com. Archived from the original on 7 March 2023. Retrieved 15 November 2022.
  7. ^ "How Did Chamath Palihapitiya Make His Money?". Financhill. 19 January 2021. Archived from the original on 7 March 2023. Retrieved 23 September 2021.
  8. ^ Bennett, Drake (27 July 2012). "Social+Capital, the League of Extraordinarily Rich Gentlemen". Bloomberg News. Archived from the original on 7 April 2021. Retrieved 15 May 2021.
  9. ^ Bryant, Adam (20 October 2017). "Chamath Palihapitiya of Social Capital on the Paradox of Ego and Humility". The New York Times. Archived from the original on 20 October 2017. Retrieved 22 May 2017.
  10. ^ "Lisgar Collegiate graduates to celebrate venerable building". Heritage Ottawa. 5 May 2018. Archived from the original on 23 May 2018. Retrieved 22 May 2018.
  11. ^ "CHAMATH PALIHAPITIYA ON FACEBOOK, AIM AND WINAMP". Archived from the original on 20 January 2021. Retrieved 15 February 2021.
  12. ^ a b c Rusli, Evelyn (6 October 2011). "In Flip-Flops and Jeans, An Unconventional Venture Capitalist". The New York Times. Archived from the original on 7 May 2013. Retrieved 23 April 2013.
  13. ^ Stone, Madeline (1 June 2015). "Meet Facebook's most successful alum, a borderline billionaire who owns the Golden State Warriors". Business Insider. Archived from the original on 23 May 2018. Retrieved 22 May 2018.
  14. ^ a b "The Facebook Phone Would Have Been an 'iPhone-Like Moment,' Says the Exec Who Led It". Vox. 23 March 2016. Archived from the original on 7 March 2023. Retrieved 5 April 2022.
  15. ^ Bennett, Drake (26 July 2012). "Social+Capital, the League of Extraordinarily Rich Gentlemen". Bloomberg. Archived from the original on 29 April 2013. Retrieved 23 April 2013.
  16. ^ "Chamath Palihapitiya – How we put Facebook on the path to 1 billion users". Genius. Archived from the original on 7 March 2023. Retrieved 23 September 2021.
  17. ^ "A Facebook phone that's pure Google at heart". The Verge. 10 April 2013. Archived from the original on 12 November 2020. Retrieved 5 April 2022.
  18. ^ Levy, Steven (2020). Facebook: The Inside Story. Penguin Books Limited. ISBN 978-0241297971.
  19. ^ Dodds, Laurence (18 April 2020). "The inside story of how Facebook went from idealism to scandal". The Telegraph. ISSN 0307-1235. Archived from the original on 28 January 2021. Retrieved 11 January 2021.
  20. ^ a b "TechCrunch". 3 June 2011. Archived from the original on 27 October 2020. Retrieved 6 October 2020.
  21. ^ Arrington, Michael (3 June 2011). "Facebook VP Chamath Palihapitiya Forms New Venture Fund, The Social+Capital Partnership". TechCrunch. Archived from the original on 12 April 2013. Retrieved 23 April 2013.
  22. ^ Rao, Leena (27 September 2011). "Former Facebook VP Chamath Palihapitiya Leads $17M Round In Enterprise Social Networking Platform Yammer". TechCrunch. Archived from the original on 2 May 2013. Retrieved 23 April 2013.
  23. ^ Billings, Mike (17 March 2015). "The Daily Startup: Paper Drawing App Aims for Enterprise With New Funding". The Wall Street Journal Blog. Archived from the original on 25 April 2015. Retrieved 22 April 2015.
  24. ^ Marshall, Matt (2 November 2011). "SecondMarket raises $15M at $200M valuation from former Facebook exec". VentureBeat. Archived from the original on 24 February 2013. Retrieved 23 April 2013.
  25. ^ Rao, Leena (23 March 2016). "Is Social+Capital's Chamath Palihapitiya the future of venture capital?". FORTUNE. Archived from the original on 23 February 2016. Retrieved 23 February 2016.
  26. ^ Ha, Anthony (4 March 2013). "Chamath Palihapitiya Confirms That His Social+Capital Partnership Has Raised A New Fund Of $275M+". TechCrunch. Archived from the original on 24 April 2013. Retrieved 23 April 2013.
  27. ^ Grant, Rebecca (4 March 2013). "Making money and a difference, Social+Capital Partnership confirms new fund". VentureBeat. Archived from the original on 23 May 2013. Retrieved 23 April 2013.
  28. ^ Palihapitiya, Chamath (7 September 2018). "What went wrong at Social Capital". Axios. Archived from the original on 16 October 2020. Retrieved 9 October 2020.
  29. ^ LBO (10 September 2018). "Ex-Facebook exec Chamath Palihapitiya's venture firm is 'imploding': Report". Lanka Business Online. Archived from the original on 16 July 2019. Retrieved 14 October 2020.
  30. ^ Primack, Dan (21 September 2018). "Chamath Palihapitiya burns down what he built". Axios. Archived from the original on 5 March 2019. Retrieved 14 October 2020.
  31. ^ Primack, Dan (7 September 2018). "What went wrong at Social Capital". Axios. Archived from the original on 16 October 2020. Retrieved 11 January 2021.
  32. ^ Primack, Dan (21 September 2018). "Chamath Palihapitiya burns down what he built". Axios. Archived from the original on 5 March 2019. Retrieved 11 April 2021.
  33. ^ "Ontario judge rules against Xtreme Labs co-founders, Chamath Palihapitiya in Tinder-focused lawsuit | BetaKit". 15 May 2019. Archived from the original on 10 March 2021. Retrieved 10 March 2021.
  34. ^ MacMillan, Douglas (11 March 2015). "Tinder Hook Up Leads to a Lawsuit". Wall Street Journal. ISSN 0099-9660. Archived from the original on 2 October 2019. Retrieved 10 March 2021.
  35. ^ "Slack Appoints Former Flex CEO Mike McNamara to Its Board of Directors". www.businesswire.com (Press release). Archived from the original on 21 December 2019. Retrieved 21 December 2019.
  36. ^ Zaveri, Paayal. "Slack beat financial targets but didn't give an update to its daily user competition with Microsoft". Business Insider. Archived from the original on 7 March 2023. Retrieved 20 December 2021.
  37. ^ "Slack Appoints Former Flex CEO Mike McNamara to Its Board of Directors". www.sec.gov. Archived from the original on 20 December 2021. Retrieved 20 December 2021.
  38. ^ "'All Things Chamath': Palihapitiya Outlines His Vision". Bloomberg Front Row. Bloomberg. 12 February 2021. Archived from the original on 30 December 2021. Retrieved 12 February 2021.
  39. ^ Ramkumar, Amrith (15 November 2021). "Chamath Palihapitiya's Social Capital Leads 20 Million Funding Round for Battery Startup". Bloomberg Front Row. Archived from the original on 7 March 2023. Retrieved 15 November 2021.
  40. ^ "Fintech startup Spectral Finance raises funds from Chamath, Polychain". Bloomberg Reuters. 9 November 2021. Archived from the original on 7 March 2023. Retrieved 9 November 2021.
  41. ^ Bambysheva, Nina (3 November 2021). "Chamath Palihapitiya's Social Capital Co-Leads Investment In Solana-Based Startup Syndica". Forbes. Archived from the original on 7 March 2023. Retrieved 3 November 2021.
  42. ^ CFP, Matthew Frankel (17 February 2021). "Chamath Palihapitiya Just Filed for 7 More SPACs". The Motley Fool. Archived from the original on 19 October 2022. Retrieved 11 June 2021.
  43. ^ "Virgin Galactic dealmaker defies IPO lull with 720 million blank check deal". Reuters. 21 April 2020. Archived from the original on 10 June 2020. Retrieved 10 June 2020.
  44. ^ "IPO 2.0 | Social Capital Hedosophia Holdings". www.socialcapitalhedosophiaholdings.com. Archived from the original on 24 September 2022. Retrieved 11 June 2021.
  45. ^ Sheetz, Michael (5 March 2021). "Virgin Galactic drops 10% after chairman Chamath Palihapitiya dumps his $213 million personal stake". CNBC. Archived from the original on 7 March 2023. Retrieved 8 June 2021.
  46. ^ "Virgin Galactic Board of Directors". Virgin Galactic. 10 November 2021. Archived from the original on 5 May 2023. Retrieved 10 November 2021.
  47. ^ Prang, Allison (15 February 2022). "You Can Now Sign Up to Go to Space With Virgin Galactic". Wall Street Journal. ISSN 0099-9660. Archived from the original on 7 March 2023. Retrieved 18 February 2022.
  48. ^ "OpenDoor to go public by way of Chamath Palihapitiya's SPAC". 15 September 2020. Archived from the original on 22 March 2023. Retrieved 15 September 2020.
  49. ^ Franklin, Joshua; Sen, Anirban; Hu, Krystal (7 January 2021). "Online lender SoFi to go public through merger with Palihapitiya-backed SPAC". Reuters. Archived from the original on 3 February 2021. Retrieved 2 April 2021.
  50. ^ Li, Yun (6 October 2020). "Chamath Palihapitiya to take Clover Health public in another SPAC deal worth $3.7 billion". CNBC. Archived from the original on 25 January 2021. Retrieved 28 January 2021.
  51. ^ Powell, Jamie (4 February 2020). "Hindenberg takes aim at Chamath's Clover Health". www.ft.com. Archived from the original on 4 February 2021. Retrieved 4 February 2021.
  52. ^ "Clover Health: How the "King of SPACs" Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation". Hindenburg Research. 4 February 2021. Archived from the original on 4 February 2021. Retrieved 6 April 2021.
  53. ^ Ponciano, Jonathan. "Chamath Palihapitiya's Clover Health Discloses New SEC Investigation And Responds To Short-Seller's Scathing Allegations". Forbes.com. Archived from the original on 26 December 2022. Retrieved 6 April 2021.
  54. ^ "Clover Health: How the "King of SPACs" Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation". Hindenburg Research. 4 February 2021. Archived from the original on 4 February 2021. Retrieved 4 February 2021.
  55. ^ Feiner, Lauren (4 February 2021). "Palihapitiya-backed Clover Health shares fall on critical report by short seller Hindenburg Research". CNBC. Archived from the original on 4 February 2021. Retrieved 4 February 2021.
  56. ^ "NJ State Commission of Investigation on CarePoint Health" (PDF). Archived (PDF) from the original on 4 February 2021.
  57. ^ Reuter, Elise (19 February 2020). "NJ legislators call for probe of insurance unicorn". MedCity News. Archived from the original on 29 March 2021. Retrieved 4 February 2021.
  58. ^ Aliaj, Ortenca (5 February 2021). "Clover Health under investigation by SEC after shortseller report". Financial Times. Archived from the original on 5 February 2021. Retrieved 5 February 2021.
  59. ^ "Hindenburg Research Goes After 'Wall Street Celebrity Promoter' Chamath Palihapitiya". Institutional Investor. 4 February 2021. Archived from the original on 5 February 2021. Retrieved 5 February 2021.
  60. ^ Jennings, Katie. "Billionaire Clover Health CEO Vivek Garipalli's Expletive-Ridden Tirade". Forbes. Archived from the original on 23 February 2021. Retrieved 23 February 2021.
  61. ^ Detrixhe, John (March 2019). "Fintech firms like SoFi and Robinhood offer "free" stock trading. What's the catch?". Quartz. Archived from the original on 5 February 2021. Retrieved 16 February 2021.
  62. ^ "Does SoFi have any ownership of APEX?". SoFi. Archived from the original on 12 February 2021. Retrieved 16 February 2021.
  63. ^ "Report: SoFi to acquire minority stake in Apex Clearing". www.spglobal.com. Archived from the original on 2 February 2021. Retrieved 16 February 2021.
  64. ^ Coates, John. "SPACs, IPOs and Liability Risk under the Securities Laws". SEC. Archived from the original on 4 May 2023. Retrieved 19 April 2021.
  65. ^ "Liability Risk in De-SPAC Transactions". Akin Gump Strauss Hauer & Feld LLP. Archived from the original on 7 March 2023. Retrieved 3 November 2021.
  66. ^ "Chamath Files 4 New Biotech SPACs". 2 June 2021. Archived from the original on 3 June 2021. Retrieved 2 June 2021.
  67. ^ Singh, Maanvi (20 April 2021). "'All you need is the filing fee and a dream': who are Gavin Newsom's recall challengers?". The Guardian. Archived from the original on 7 March 2023. Retrieved 15 May 2021. The former Facebook executive Chamath Palihapitiya, a big Democratic donor
  68. ^ Shultz, Alex (30 January 2021). "Chamath Palihapitiya, who is very rich, wants you to believe he's on your side. He's not". SFGate. Archived from the original on 30 January 2021. Retrieved 31 January 2021.
  69. ^ a b Garofoli, Joe (4 February 2021). "Silicon Valley billionaire Chamath Palihapitiya: would-be governor just for a moment". San Francisco Chronicle. Archived from the original on 20 March 2023. Retrieved 1 October 2021.
  70. ^ Bowles, Nellie; Griffith, Erin (2 March 2020). "Silicon Valley Leaders' Plea to Democrats: Anyone but Sanders". The New York Times. ISSN 0362-4331. Archived from the original on 4 March 2020. Retrieved 1 October 2021.
  71. ^ Kim, Eugene. "Billionaire VC says he'll shut down his firm to help Mike Bloomberg win US presidency". Business Insider. Archived from the original on 7 March 2023. Retrieved 20 December 2021.
  72. ^ Pandey, Priyanka (25 September 2023). "Vivek Ramaswamy's Silicon Valley Fundraiser Tickets To Cost Nearly $50,000". Inquisitr. Archived from the original on 7 December 2023. Retrieved 7 December 2023.
  73. ^ "Vivek Ramaswamy's 'intimate dinner' invite comes with a $50,000 price tag". India Today. Archived from the original on 7 December 2023. Retrieved 7 December 2023.
  74. ^ "Our Supporters". FWD.us. Archived from the original on 13 April 2013. Retrieved 23 April 2013.
  75. ^ "About Us". FWD.us. Archived from the original on 13 April 2013. Retrieved 23 April 2013.
  76. ^ Zuckerberg, Mark (11 April 2013). "Facebook's Mark Zuckerberg: Immigration and the knowledge economy". The Washington Post. Archived from the original on 13 April 2013. Retrieved 17 April 2013.
  77. ^ DePillis, Lydia (6 May 2013). "Mark Zuckerberg's Cynical, Necessary Washington Strategy". The New Republic. Archived from the original on 2 November 2013. Retrieved 7 May 2013.
  78. ^ Montgomery, Kevin (9 June 2014). "Ron Conway Flips Out Over Call for SF Mayor Ed Lee to Resign". Gawker. Archived from the original on 28 January 2023. Retrieved 20 December 2021.
  79. ^ "Ron Conway And Chamath Palihapitiya Debate SF Housing And Google At Next Big Thing Conference". TechCrunch. 9 June 2014. Retrieved 20 December 2021.[permanent dead link]
  80. ^ Oremus, Will (9 June 2014). "Tech Conference Turns Into Shouting Match About Inequality in Silicon Valley". Slate. Archived from the original on 11 July 2015. Retrieved 9 July 2015.
  81. ^ Garofoli, Joe (9 June 2014). "Ron Conway mocks fellow venture capitalist, uses phrase 'Palo Alto resident' as insult". San Francisco Chronicle. Archived from the original on 10 July 2015. Retrieved 9 July 2015.
  82. ^ Buhr, Sarah (9 June 2014). "Ron Conway And Chamath Palihapitiya Debate SF Housing And Google At Next Big Thing Conference". TechCrunch. Archived from the original on 11 July 2015. Retrieved 9 July 2015.
  83. ^ Kovach, Steve (11 December 2017). "Former Facebook exec feels 'tremendous guilt' for what he helped make". Business Insider. Archived from the original on 4 January 2018. Retrieved 29 January 2021.
  84. ^ Wong, Julia Carrie (12 December 2017). "Former Facebook executive: social media is ripping society apart". The Guardian. Archived from the original on 12 December 2017. Retrieved 12 December 2017.
  85. ^ Gilbert, Ben (December 15, 2017). "Former Facebook exec: I take back what I said about Facebook 'destroying how society works' — kinda" Archived 2017-12-15 at the Wayback Machine. Business Insider.
  86. ^ Palihapitiya, Chamath (December 15, 2017). (Untitled) Archived 2019-01-31 at the Wayback Machine. Facebook. (Account confirmed by Business Insider article.)
  87. ^ "Recode Decode: Chamath Palihapitiya". Stitcher. 25 March 2020. Retrieved 29 January 2021.
  88. ^ Franklin, Joshua (26 January 2021). "Investor Palihapitiya says he wants to be governor of California". Reuters. Archived from the original on 28 January 2021. Retrieved 29 January 2021.
  89. ^ Primack, Dan (27 January 2021). "Venture capitalist Chamath Palihapitiya eyes run for California governor". Axios. Archived from the original on 27 January 2021. Retrieved 29 January 2021.
  90. ^ a b Bursztynsky, Jessica (3 February 2021). "Tech investor Chamath Palihapitiya says he's not running for California governor". CNBC. Archived from the original on 4 February 2021. Retrieved 27 March 2021.
  91. ^ "Chamath for Gov". www.chamathforca.com. Archived from the original on 29 April 2023. Retrieved 29 August 2021.
  92. ^ Ford, Brody (26 January 2021). "Palihapitiya Angles for Newsom's Job as Tech Group Backs Recall". Bloomberg News. Archived from the original on 26 January 2021. Retrieved 29 January 2021.
  93. ^ "E63: Insurrection indictments, human rights in the US and abroad, groundbreaking MS study and more". YouTube. Archived from the original on 15 January 2022. Retrieved 18 January 2022.
  94. ^ a b "Warriors part-owner backtracks after saying he doesn't care about Uyghur abuse". The Guardian. 18 January 2022. Archived from the original on 7 March 2023. Retrieved 30 May 2022.
  95. ^ a b Geraghty, Jim (18 January 2022). "Investor's Uyghur Comments Are Even Worse Than You've Heard". National Review. Archived from the original on 8 March 2023. Retrieved 30 May 2022.
  96. ^ Nuttall, Jeremy (19 January 2022). "Canadian billionaire Chamath Palihapitiya said 'nobody' cares about Uyghurs — but advocates say he might have helped the cause". Toronto Star. Archived from the original on 19 January 2022. Retrieved 22 January 2022.
  97. ^ "Do Uyghur Lives Matter to Americans?". The Atlantic. 19 January 2022. Archived from the original on 7 March 2023. Retrieved 15 October 2022.
  98. ^ a b Keraghosian, Greg (18 January 2022). "Outcry after Dubs part-owner says 'nobody cares' about genocide". SFGate. Archived from the original on 18 January 2022. Retrieved 18 January 2022.
  99. ^ Luce, Ivan De (19 January 2021). "The Warriors weren't even his first choice: Chamath Palihapitiya explains one of the most successful NBA investments of all time". Business of Business. Archived from the original on 27 March 2023. Retrieved 15 May 2021.
  100. ^ Roose, Kevin (16 October 2013). "The Government Shutdown Has Revealed Silicon Valley's Dysfunction Fetish". Intelligencer. Archived from the original on 14 April 2023. Retrieved 15 May 2021.
  101. ^ "Backlash as US billionaire dismisses Uyghur abuse". BBC. 19 January 2022. Archived from the original on 18 January 2022. Retrieved 22 January 2022.
  102. ^ "The Warriors weren't even his first choice: Chamath Palihapitiya explains one of the most successful NBA investments of all time". The Business of Business. 20 January 2021. Archived from the original on 27 March 2023. Retrieved 9 July 2022.
  103. ^ "Waterloo Alumnus Donates $25 Million to Help Transform Education". Waterloo News. 30 October 2018. Archived from the original on 8 January 2022. Retrieved 30 October 2018.
  104. ^ Lin, Connie (30 August 2021). "Chamath Palihapitiya pledges $7 million to California hydropanels that pull water out of air". Fast Company. Archived from the original on 20 December 2022. Retrieved 8 January 2022.
  105. ^ a b Belvedere, Matthew J. (12 December 2017). "My kids get 'no screen time whatsoever,' says Silicon Valley investor Chamath Palihapitiya". CNBC. Archived from the original on 7 March 2023. Retrieved 11 April 2021.
  106. ^ Rusli, Evelyn M. (6 October 2011). "In Flip-Flops and Jeans, An Unconventional Venture Capitalist". DealBook. Archived from the original on 7 May 2013. Retrieved 11 April 2021.
  107. ^ "Chamath Palihapitiya Still Lives Four Minutes From His Ex-Wife". Market Realist. 17 February 2021. Archived from the original on 23 March 2023. Retrieved 11 April 2021.
  108. ^ a b Celarier, Michelle (31 May 2020). "The Unusual Ambitions of Chamath Palihapitiya". Institutional Investor. Archived from the original on 7 March 2023. Retrieved 15 May 2021.
  109. ^ Primack, Dan (7 September 2018). "What went wrong at Social Capital". Axios. Archived from the original on 16 October 2020. Retrieved 11 June 2021.
  110. ^ Nicolini, Marzia (27 July 2023). "Nathalie Dompé ha sposato a Portofino il miliardario partito dal niente Chamath Palihapitiya" [Nathalie Dompé married the billionaire who started from nothing Chamath Palihapitiya in Portofino]. Vanity Fair (in Italian). Archived from the original on 29 July 2023. Retrieved 29 July 2023.
  111. ^ "Chamath Palihapitiya: Cash Out". Archived from the original on 8 March 2016. Retrieved 22 February 2016.
  112. ^ "42nd World Series of Poker (WSOP) 2011 United States". Archived from the original on 28 February 2016. Retrieved 22 February 2016.
  113. ^ Faux, Zeke (13 May 2020). "The SPAC King Is Doing Just Fine Even as the Bubble Starts to Burst". Bloomberg News. Archived from the original on 13 May 2021. Retrieved 15 July 2021.

External links[edit]

Wikimedia Commons has media related to Chamath Palihapitiya.
Wikiquote has quotations related to Chamath Palihapitiya.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Chamath_Palihapitiya&oldid=1216689924"