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Real Vision: Finance & Investing

Silicon Valley Innovation in the Covid Era (w/ Raoul Pal and Keith Rabois)

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.11.1K Ratings

🗓️ 30 December 2020

⏱️ 55 minutes

🧾️ Download transcript

Summary

Venture capitalist Keith Rabois, a general partner with Peter Thiel's Founders Fund, is widely known for his early-stage startup investments and his executive roles at PayPal, LinkedIn, and Square. He sits down with Real Vision CEO and co-founder, Raoul Pal, to discuss the evolution of innovation in Silicon Valley over the last two decades, highlighting its entrepreneurial spirit and the revolutionary power of technology. They dive into the shifts in consumer behavior amid the coronavirus pandemic, the IPO market boom, the rise of SPACs, and how COVID-19 could transform higher education. Recorded on September 28, 2020. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Relax.

0:02.0

Let the fact that you've woken up to a cold shower just wash over you.

0:09.0

With British Gas Home Care cover, you can get your boiler repaired again and again, and an annual service is included too.

0:18.6

Repeat our mantra.

0:21.6

Home Care.

0:25.0

Such British Gas Home Care Cover, see website for terms. Keith,

0:35.0

fabulous to get you on Real Vision.

0:40.0

It's really good to be to sit down and chat with you. I'd love for you to just let people know a little bit about what you do and then I'd love to dig into your background a little bit as well.

0:51.0

Sure. Yeah, so I'm a general partner at Founders Fund that's a

0:55.6

we're a traditional venture capital firm we invest about 1.4 billion dollars in

1:00.4

startups all across the globe every three years.

1:03.0

We try to back the most ambitious founders

1:05.0

who have the most incredible visions about transforming society.

1:10.0

So tell me a story, because you've got an incredible story as well. Give me a little bit of background of how you got to where you are today.

1:16.4

Yeah, it's a fairly serendipitous background. I started actually as a lawyer. I wanted to be a litigator since I was in roughly sixth grade and sort of pursued the traditional legal path.

1:26.2

In fact, went to law school right after college, clerked for a woman appellate court judge in Texas,

1:32.4

and then practiced law on Wall Street in

1:34.8

Washington DC for about three and a half years and at the height of the internet

1:38.4

bubble in 2000 I sort of quit cold turkey to jump into this internet.

1:43.0

Some of my friends were college

1:45.6

have been actively involved in the first generation of internet companies

1:48.9

and over the years they've been attempted to recruit me,

...

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