Recode Decode: Chamath Palihapitiya

Decoder with Nilay Patel

Vox Media Podcast Network

Business, Technology

4.2 • 3.4K Ratings

🗓️ 25 March 2020

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Social Capital CEO Chamath Palihapitiya talks with Recode’s Kara Swisher and Teddy Schleifer about an “identity crisis” that pitted his wealth and fame against personal happiness and relationships. In this episode: Social Capital’s attempts to disrupt venture capital; Palihapitiya’s “identity crisis” and search for happiness; nonwhite people aren’t allowed to appear crazy; “to all the people that worked for me ... you’re fucking welcome”; why Silicon Valley has never been unhappier; the lack of heroes and values in modern society; the uneasy balance between a business' mission and its profits; disarming the concept of mental health; why Palihapitiya isn’t a fan of Rep. Alexandria Ocasio-Cortez; why the startup world is a “ponzi scheme”; what entrepreneurs need to ask prospective investors to avoid getting fleeced; the looming debt crisis; the five areas he would invest in now; and the current state of Social Capital. Thanks to Microsoft Azure for sponsoring this episode. Get started with a free account and 12 months of popular free services at Azure.com/trial today. 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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