Sunday, February 14, 2021

How to Choose Investments and Change the World with Chamath Palihapitiya

Feb. 14, 2021

Here is the link. 

Join Treehouse today with a seven day free trial: Chamath Palihapitiya (@chamath) is the founder of Social Capital, a purpose-driven venture capital firm that invests primarily in healthcare, education and financial services. In this interview from 2013, Pasan Premaratne talks to Chamath about the reasons behind his investment choices and some of the challenges facing entrepreneurs. Learn how to build websites and apps, write code, or start a business at Treehouse. Learn from over 1,000 videos created by our expert teachers on web design, coding, business, and much more. Treehouse teaches the in-demand technology skills you need to land your dream job.

My notes:

Late 2006 - 2011, less than five executives - Facebook - exceptional culture - decentralized, bottom up framework - make right decision when it counts - attract great people - wonderful place to work

Facebook platform - mobile product - realization - plumbing - next decentralized - lacking of great things on infrastructure - health industry, education, finance works - rules are changed enough - same as investing - company building - exception - 0 to a few hundred employee - working all hours on something - corporate = world - emulate them - shout loudest get attention

Investment - achieve social good - some of return investment - social goods - change - balance of power - coherent decision - better decision - education is most important in the world - trillion dollars student debts - tail of job - meaningful of job - incentive to change the system - people empower - life sufficient - let them down - people can create the problem

Education, health case and finance industry - micro economical - coordinate invest and income - healthy life - software and hard work - health care - basic blood test -1000 dollars blood test - reduce cost to one dollar, at home, bathroom, understand their body

Education - massive instant ability  ? frustrated - one third of population under 18 year old - get degree, no job after graduation - teach people how to code - blue collar job - trillion dollar debt 

Finance service - a lot of people have good ideas - some of them are valid - very risk averse culture

Try  to learn from the failuare, rinse and repeat - Canada - Silicon Valley - Two things to figure out - people are everything - Fail for some reasons - mention them - people wrote me a note - do not remember they did - Create future

Not really - healthy skeptical  - VC funding - exit - funding is necessary? Different forms of capital - 

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