intro’d to Chamath via Laurie‘s fb share
I quote from the article: “He said… he “doesn’t use this shit” and his kids are not allowed to use “this shit” either—also recommending that everyone take a “hard break” from social media.”
from embedded video [https://www.youtube.com/watch?time_continue=1281&v=PMotykw0SIk] – nov 2017 interview at stanford school of business
23 min – a global problem.. bad state of affairs.. it is eroding the foundations of how people behave by and between each other.. and i don’t have a good solution.. my solution is .. i just don’t use these tools anymore.. i haven’t for years.. it’s created huge tension w my friends.. i guess i just innately.. didn’t want to get programmed.. but i didn’t do anything about it.. i kind of just tuned it out.. and now to see what’s happening..
well.. already eroded.. but.. we could use it to get ourselves back.. tech as it could be..
25 min – where i have decided to spend my time.. is take the capital that they rewarded me with and now focus on the structural changes that i can control.. i can focus on diabetes and ed and climate change..
go deeper man
26 min – you’re (at stanford) probably the most likely to fall for it.. because you are check boxing your whole life..
27 min – get the money.. let’s create a round table.. and create new rules.. get the money.. it is going to be made/allocated.. you have a moral imperative that if you have a pov that matters and you want to reflect it.. you get it (the money).. and don’t wrap yourself in all this like.. liberal bs about .. money blah.. no stop.. here’s how the world works.. it drives the world for better or for worse.. econ incentives drive entire swaths of populations to behave in very predictable and then when you take it away.. unpredictable ways
28 min – if you control the capital and you have a pov.. then the question is .. *don’t be sell out.. so that when you control some of these purse strings.. you can push that view.. and i’m not to judge your views.. and you’re not to judge mine.. the more personal views.. the more balanced world we’ll have..
29 min – in the absence of capital you’re irrelevant.. w capital .. you’re power.. and then you decide.. so that’s what’s necessary now in capitalism.. an econ system.. and a philosophy – we will vote on change
well. you’re not irrelevant.. just not believed..
30 min – koch brothers as genius.. what’s the counterweight to their world view..? can you name a group of people operating in same way.. methodically/meticulously assembling capital/influence/assets.. who believe the opposite
31 min – so .. get the money.. and don’t lose your world compass when you do
q: how do we get the capital chamath: you know venture is basically just a bunch of soul less cowards.. well intentioned.. they have fallen for what everybody else falls for.. get gold star.. choke it tight.. protecting seed of power.. so instead of accelerant.. become a retardant..
money keeps us retard ing..
37 min – a more progressive view of capitalism should be.. taking big shots.. scaling up money.. being able to support people… allow them to build better companies
40 mi – i want the money.. because i want to win.. i so deeply want to win
what does win mean to you
41 min – q: how do you keep that power from corrupting you chamath: i have no idea.. i’ve been becoming increasingly isolate.. it’s harder/harder for me to connect because i’m so in my own mind
42 min – i started a good earnest person and i need to stay a good earnest person
43 min – any feedback?
yeah.. let’s talk
44 min – what i would try to change.. now could have employers stay longer.. which is required if going to try to solve hard problems..
48 min – the thing i think about the most.. how/when do you know.. to keep going for it.. when do you know it’s just too much.. that your decision making is bleeding into a vein that is not constructive..t
via self-talk as data
i would encourage you all to be able to say – i don’t know.. so powerful.. because behind that is a self-awareness and confidence that is increasingly rare
50 min – that’s another one.. changing your mind..powerful.. change your mind all the time.. fine w it if you just want the right answer
54 min – slow and steady against hard problems.. turn off sm.. because then less motivated to be motivated by what everybody else is motivated by.. i’m trying to re wire my brain chem to not be short term focused..t
why 2 convos ness matters
dec 2017 interview
1 min – on talking at stanford above – you can use money to get people to believe.. whatever
3 min – so.. how do we live in a world where this is now possible..
we know for a fact.. is that what all these systems do.. is *exploits our own natural tendencies as human beings to get and want feedback.. and that feedback.. chemically speaking is the release of dopamine in your brain.. so what these feedback loops do.. they get you to react.. if you get too de sensitized.. and need it over and over again.. then you become detached from the world in which you live
4 min – i think fb has probably done more than any other company to fix it.. best run and most tech sophisticated
5 min – we haven’t stepped back and asked ourselves.. ie: *what should we be expecting of the internet at large.. t..the reality may be the entire business model of the internet may be fundamentally somewhat broken..
the broken ness = the business model ness
8 min – why is anxiety/depression higher amongst our teenagers than they’ve ever been
and i agree.. today.. have to get money to get it going.. but only as temp placebo
9 min – up until then (when he gets a job and can buy his own phone) .. i’m going to feed him and house him and clothe him and send him to school
12 min – on .. how much better life is in all respects.. but kid not well
one reason.. they can see.. it’s not all better.. the bubble is better.. maybe..
13 to 35 min .. all about finance
35 min – on elon
36 min – building revolutionary things is hard.. numbers don’t work
37 min – the kneeling controversy
39 min – it’s not set up well now for figuring things out in a diff way
let’s try 2 convos
the social dilemma (doc)
Chamath Palihapitiya is a venture capitalist. Palihapitiya was born in Sri Lanka, raised in Canada, and has worked for much of his life in Silicon Valley. Palihapitiya is an owner and board member of the Golden State Warriors.
Palihapitiya’s work at Facebook involved trying to increase Facebook’s userbase.
Palihapitiya claims to have joined Facebook with a contempt for people who merely write code, but his experience at Facebook led him to revise his beliefs. One of the things Palihapitiya admired about Mark Zuckerberg, Facebook’s principal founder and CEO, was Zuckerberg’s lack of ego and his ability to avoid letting personal ego get in the way of business decisions
Palihapitiya started off making investments on the side while still employed at Facebook, including investments in Palantir, Pure Storage(NYSE:PSTG), Playdom (bought by The Walt Disney Company), and Bumptop (bought by Google).
In 2011, he had enough money to quit his job at Facebook and start his own fund, called The Social+Capital Partnership. The firm changed its name to Social Capital in 2015. The firm has stood out strategically, with a focus on technology in healthcare, financial services, and education, as well as on software as a service. Social Capital started investing in health and education when, largely, those fields were being neglected by other venture capitalists.
The fund was praised by Peter Thiel, who invested in it and expressed enthusiasm for Palihapitiya’s approach.
Through the fund, Palihapitiya has invested in a number of companies since then, including Glooko, Inc, Yammer, SecondMarket, Slack, Box, and Premise.
In March 2013, Palihapitiya confirmed that his venture fund had raised more than $275 million in its second round of fundraising. As of 2015, the fund has more than $1.1 billion in total assets.
Immigration reform and policy advocacy
Palihapitiya was listed as one of the “Founders” of the lobbying group FWD.us. The group launched on April 11, 2013, and its goals include immigration reform, improving education, and enabling technological innovation, all in a United States context.
Views on government
In a live interview, Palihapitiya said that the U.S. government is “completely useless.” He added, “If the government shuts down, nothing happens and we all move on, because it just doesn’t matter. Stasis in the government is actually good for all of us. It means they can neither do anything semi-useful nor anything really stupid.”
San Francisco inequality and housing controversy
At Bloomberg’s Next Big Thing conference in Sausalito, California, a city in Marin County just north of San Francisco, Palihapitiya made remarks critical of San Francisco’s business-friendly mayor, Ed Lee, and proposed that the city provide subsidized housing to low-income residents funded by an equity tax on startups, with the tax-and-subsidy schemes potentially being restricted to particular zones within the city.
In 2017, Palihapitiya revealed that, for ethical reasons, he regrets having helped Facebook to become the largest social media platform. He said, “[t]he short-term, dopamine-driven feedback loops that we have created are destroying how society works: no civil discourse, no cooperation, misinformation, mistruth. This is not about Russian ads. This is a global problem. It is eroding the core foundations of how people behave by and between each other. I can’t control them. I can control my decision, which is that I don’t use that shit. I can control my kids’ decisions, which is that they’re not allowed to use that shit”. Following criticism from Facebook for his remarks, Palihapitiya subsequently clarified, “I genuinely believe that Facebook is a force for good in the world, so I’d like to expand on my comments…My comments were meant to start an important conversation, not to criticize one company — particularly one I love. In 2017, many of us have grappled with the unintended consequences of the products we’ve built. Social media platforms in particular have been used and abused in ways that we, their architects, never imagined. Much blame has been thrown and guilt felt, but the important thing is what we as an industry do now to ensure that our impact on society continues to be a positive one.”