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.”

“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.”

“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.”

“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.”

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

“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.”

“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.'”

“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.”

“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.”

“The government - they're completely useless.”

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

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

“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.”

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

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

“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.”

“Valuable companies take decades to build.”

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

“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.”

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