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Andrew Yang Podcast

Chamath Palihapitiya: There’s more to investing than making money

Andrew Yang Podcast

Andrew Yang & Audacy

Society & Culture

4.83.2K Ratings

🗓️ 21 December 2020

⏱️ 94 minutes

🧾️ Download transcript

Summary

Andrew and Zach break down how Humanity Forward helped get stimulus checks into the newest COVID-19 relief bill. Then, Andrew sits down with venture capitalist Chamath Palihapitiya to talk about smart investing, the future of innovation, and what brings Chamath true happiness. 

Watch this conversation on YouTube: https://youtu.be/AHcsgy5gk58

Follow Chamath Palihapitiya: https://twitter.com/chamath | https://www.socialcapital.com

Follow Humanity Forward: https://twitter.com/HumanityForward | https://movehumanityforward.com

Follow Andrew Yang: https://instagram.com/andrewyang | https://twitter.com/AndrewYang

Follow Zach Graumann: https://instagram.com/zachgraumann | https://twitter.com/Zach_Graumann

Transcript

Click on a timestamp to play from that location

0:00.0

The single biggest thing that America has right now,

0:02.8

going against it, is that we have four or five companies,

0:07.2

Facebook, Apple, Amazon, Microsoft, Google,

0:10.0

that sucks up the enormity and the overwhelming majority

0:14.0

of all talented technical human capital.

0:17.8

Because if you are a smart young kid,

0:22.0

a guy or a girl graduating from a college

0:24.2

and you know how to code or you know how to do something unique,

0:28.6

how do you turn around to your family and say,

0:31.8

I'm going to go on work at this startup for 80 grand year

0:34.6

or this nonprofit or something else,

0:36.9

versus going and getting paid a million dollars a year

0:39.4

at one of these big companies.

0:40.9

It's really impossible, right?

0:42.5

I mean, I don't know your situation,

0:44.2

but when I graduated,

0:45.6

that was the biggest sort of damacles over my neck

0:48.0

was the student debt that I had.

0:49.9

And so, but when they go there,

0:51.4

what products are they working on?

0:52.9

This is unfettered free agentism.

0:55.4

Imagine that you had a professional sports leak

...

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