Chamath Palihapitiya Quotes

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.
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.
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.
If you're trying to get to profitability by lowering costs as a startup, then you are in a very precarious and difficult position.
It's important to understand the compensation equation that a CEO and a founder has with his or her employees.
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.
My first job was at a Burger King.
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.
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.
Not everybody is right all the time.
One of the things I have known my entire life is that I have an innate capability for making money.
Something like bitcoin is really important because it is not correlated to the rest of the market.
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.
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.
The government - they're completely useless.
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.
There's a handful of exceptionally good companies, but there's always one company that's the best.
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.
Valuable companies take decades to build.
VC has always been this high-touch, in-your-face-type business.
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AuthorName
Chamath Palihapitiya
Profession
Businessman
BirthDate
03 September, 1976
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