Hello, I'm Ted Sides, and this is Capital Allocators.

This show is an open exploration of the people and process behind capital allocation.

Through conversations with leaders in the money game, we learn how these holders of the keys to the kingdom allocate their time and their capital.

You can keep up to date by visiting Capital Allocatorspodcast.com.

My guest on today's show is Chimath Palihappitia, the founder and CEO of Social Capital, where he invests in

private businesses, public markets, and experiments with the objective of compounding capital at

high rates so that he can advance humanity by solving the world's hardest problems.

Chimoth previously was an early employee at Facebook, a prolific angel investor,

and co-founder of the venture capital business that was the first version of social capital.

He's been in the press of late for raising and deploying a series of large SPACs and for his

outspoken views. Our conversation covers Chimoth's path to Facebook and Social Capital,

his period of self-discovery, and the resulting Social Capital 2.0 to express his views of the world.

From there, we dive into SC Emerging Managers, Social Capital's newest program, to back managers from diverse backgrounds.

Lastly, we circle back to the purpose of social capital and how Chimath gets it all done.

Please enjoy my conversation with Chimath, Palihappitia.

Chmoth, thanks so much for doing this.

Ted, thanks for having me on.

Why don't you take me back to where this all started?

I would just love to hear your story.

I was born in Sri Lanka to a family that was, I think, relatively middle class, upper middle class. My father's family

made tea chests, so like, you know, chests that you keep loose tea leaves in. He grew up in

the south of the country, and then my mom was born sort of near the capital, and they were

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