Recode Decode: Chamath Palihapitiya

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 25 March 2020

⏱️ 63 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

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0:00.0	I'm Gideon Litchfield, I'm the editor-in-chief of Oired.
0:02.6	And I'm Lauren Good, I'm a senior writer at Wired.
0:05.2	We're making a new show.
0:06.5	Have a nice future.
0:09.0	I'm more have a nice future, question mark.
0:12.5	It's a show that is honest about how unsettling the future can be.
0:16.9	We're going to be bringing on the people shaping this future.
0:20.6	We're going to ask them about the big challenges we face, about the challenges they're creating,
0:24.9	and how they deal with living in perpetual uncertainty as we all do.
0:29.3	So make sure you follow Have a Nice Future, wherever you get your podcasts.
0:36.0	Hi, I'm Cara Swisher, editor-of-large recode.
0:38.3	You may know me as someone buying put options on the Trump administration,
0:41.8	but in my spare time, I'm just a reporter and you're listening to recode decode,
0:45.4	a podcast about power change.
0:46.8	The people you need to know were part of the Vox Media Podcast network.
0:50.6	Today, joining us remotely from where are you, Chema?
0:53.5	This is Chema Polly Haapatia, who is one of my favorite guests.
0:56.6	Where are you, Polly?
0:57.8	Hello, Alta.
0:58.6	He's the founder and CEO of the Venture Capital firm Social Capital.
1:01.7	Chema Polly was also an executive at Facebook between 2007 and 2011,
1:05.7	but I've known him since he was at AOL when he was just a little puppy entrepreneur before that.
	...

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