Recode Decode: Chamath Palihapitiya

Decoder with Nilay Patel

Vox Media Podcast Network

Business, Technology

4.2 • 3.4K Ratings

🗓️ 25 March 2020

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Social Capital CEO Chamath Palihapitiya talks with Recode's Kara Swisher about how long it will take to recover from the coronavirus crisis, its impact on startups, and how the US government should and will react — including by tracking individuals via their technology and repatriating cash from tech companies like Apple. Palihapitiya says businesses should make sure they have at least 36 months worth of cash on hand to weather this recession and its slow recovery period and predicts the US will need to devote an entire year's GDP to combat covid-19. He criticizes the corporate "shenanigans" that will make economic recovery harder says he's done investing for at least nine months, because anyone trying to do deals now will be "decapitated." Plus: What we can all learn right now from the histories of the Great Depression and the 2008 financial crisis, and which industries will come out of this crisis stronger than before? Previously: Palihapitiya last appeared on Recode Decode in March 2019: "People in Silicon Valley are deeply unhappy" Featuring: Chamath Palihapitiya (@chamath), CEO of Social Capital Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media. On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next. And on Land of the Giants, Jason Del Rey chronicled the rise of Amazon. Season 2 will focus on Netflix and is coming soon! About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Support for this show comes from OnePassword. If you're an IT or security pro, managing devices,
0:08.3	identities, and applications can feel overwhelming and risky. Trellica by OnePassword helps
0:14.8	conquer SaaS sprawl and Shadow IT by discovering every app your team uses, managed or not.
0:21.3	Take the first step to better security for your team.
0:24.7	Learn more at onepassword.com slash podcast offer.
0:29.4	That's onepassword.com slash podcast offer, all lowercase.
0:37.9	Introducing the new Dell AIP powered by the Intel Core Ultra processor.
0:43.0	It helps do your busy work for you so you can fast forward through enhancing security,
0:48.4	simplifying IT management, automating workflows,
0:51.4	synthesizing data, improving user experience or responding to James's
0:54.9	long emails.
0:57.4	Ooh.
0:59.4	Leaving all the time in the world for the things you actually want to do.
1:02.6	No offence, James.
1:03.8	Get a new Dell AIPC at Dell.com.uk slash AIPC.
1:09.3	Dell.
1:10.0	How those ahead, stay ahead.
1:16.0	Hi, I'm Kara Swisher, editor-at-large at RICO. You may know me as someone buying put
1:20.4	options on the Trump administration, but on my spare time, I'm just a reporter and you're listening
1:24.6	to RICOD decode, a podcast about power change, the people you need to know, we're part of the Vox Media Podcast Network. Today, joining us remotely from where are you, Chumath? This is Chimoth Polly Hopatia, who is one of my favorite guests. Where are you, where you, where you? Palo Alto. He's the founder and CEO of the venture capital firm's social capital. Chimoth was also an executive at Facebook between 2007 and 2011, but I've known him since he was at AOL when he was just a little puppy entrepreneur. Before that, I wanted to have him back on the show to talk about how the coronavirus pandemic is affecting global economy and startups in particular as well as Wall Street. Chamath, welcome back to Recode Decode.
2:01.9	Thanks, Kara. How are you?
2:18.4	Good. How are you doing? You've had... I haven't seen you in a while. I haven't talked to you in a while. It's been a year since we did that. Bitcoin last time. Bitcoin. No, we talked about mental health a year ago. It was one of your most popular podcast. That's right. That's right. I always like to have you on. People really enjoy listening to your thoughts. Kara, I'm the only person you've done podcasts with where I've been in the top ten. It's true. Above the above the above like the word. Two. I've done two in the top ten. You have. You have. You have 100%. You are the best. And hopefully this one will get into the top But listen to me, talk to me about the landscape out there. What are you doing? First of all, let's check in on Chimoth.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Vox Media Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Vox Media Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.