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Chamath Palihapitiya born September 3, is a venture capitalist. Palihapitiya is an owner and board member of the Golden State Warriors. Palihapitiya was born in Sri Lanka and, at the age of six, moved with his family to Canada. After graduating from the University of Waterloo in with a degree in electrical engineering , he worked for a year as a derivatives trader at the investment bank BMO Nesbitt Burns.
In , Palihapitiya moved to California with his girlfriend. Palihapitiya says that when he joined Facebook he had contempt for people who merely write code , but that his experience at Facebook led him to revise his beliefs. The firm changed its name to Social Capital in Social Capital started investing in health and education when those fields were largely neglected by other venture capitalists. The fund was praised by Peter Thiel , who invested in it and expressed enthusiasm for Palihapitiya's approach.
In October , Palihapitiya and Social Capital worked with the technology industry publication The Information to publish a report on diversity in venture capital. Palihapitiya was listed as one of the "Founders" of the lobbying group FWD. 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.
At Bloomberg 's Next Big Thing conference in Sausalito, California , Palihapitiya made remarks critical of San Francisco's business-friendly 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. 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. In November , Palihapitiya revealed that, for ethical reasons, he regrets having helped Facebook to become the largest social media platform.
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. My comments were meant to start an important conversation, not to criticize one company — particularly one I love. In , 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. From Wikipedia, the free encyclopedia. This article contains content that is written like an advertisement. Please help improve it by removing promotional content and inappropriate external links , and by adding encyclopedic content written from a neutral point of view.
March Learn how and when to remove this template message. Social Capital venture capital. The New York Times. Wall Street Journal Blog.
What's Wrong with Venture Capital". Immigration and the knowledge economy". Retrieved July 9, Retrieved December 12, I take back what I said about Facebook 'destroying how society works' — kinda". Account confirmed by Business Insider article. Retrieved 22 Feb Retrieved from " https: Articles with a promotional tone from March All articles with a promotional tone Articles with hCards.
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