Chamath Palihapitiya: An American Venture Capitalist worth around a $1 billion USD, was an early Facebook employee, and the former VC of Facebook User Growth. In 2007, Chamath was a notable character in Mark Zuckerberg's startup Facebook, where Chamath had to grow its users to 100 million. Facebook is worth $500 billion today, with 3 billion monthly active users, and Chamath has been the figure, in the beginning, to increase its monthly active users.
Chamath was born in Sri Lanka and brought to Canada at the age of 6. His birth was not so easy and privileged. His father is always unemployed, and his mother has to do all kinds of housework. He experienced a lot of pain, like sleeping on a mattress in the living room. When it was time to return to Sri Lanka, his father applied for refugee status. Chamath worked at Burger King when he was 14 years old, and his family lives on welfare. After graduating from college, he followed his girlfriend and current wife to California.
Chamath is a cruel poker player. He participated in three World Series of Poker (WSOP) and two World Poker Tours (WPT), winning a total of $ 175,801 in prize money. In 2011, he ranked 101st in the 42nd World Series of Poker Championships. According to Business Insider, he hosted one of the most popular poker events in Silicon Valley with some well-known players at his Palo Alto home. People who regularly participate in the tournament include David Sacks (the founder of Hammer), Jason Calacanis of inside.com and Phil Hellmuth of the World Series of Poker. The reason for hosting games at home is to gather 9 or 10 of the most competitive people in Silicon Valley and play poker. In
, activist investor Palihapitiya raised $300 million for his Social + Capital partnership. This man is known for his career as a
venture capitalist at the youngest age of 26 in AOL's history, who is also the one who invested the most in the fund's capital. It can almost be said to be 60 million US dollars, accounting for 20% of the total capital. Your contribution to the company can be more accurately described as your acumen in choosing investors for the fund. He selected Adam D`Angelo, an early Facebook employee and founder of the question and answer site "quora"; Kevin Rose, the founder of the Digg social network news site; Joe Hewitt, the creator of the Firefox web browser. and the hedge fund behind Tiger's global management manager, Charles Coleman. Facebook, the former employer of pastry chef Chamath, added the icing on the cake.
Chamath has always wanted to be a member of the Golden State Warriors. This was his childhood dream. When he joined the Golden State Warriors Ownership Group in 2011, he made his dream come true. The team won the NBA championship in 2015 and 2017 respectively. It has its own ring.
While working for Facebook, Chamath also took some preliminary steps as an investor. He invested in startups like the game company playdom and the software company umptop. He also invested in Peixi Urbano, Pure Warehousing and many other companies. With his luck, Disney acquired Playdom and Google acquired Bumptop. These initial benefits helped him create his own venture capital company. In addition, Mark Zuckerberg also joined determined employees to become an early investor. The firm's investor also invested in yammer, corporate social network, second market, red robot lab, glooko, etc. through your company.
He owns 100,000 Bitcoins and believes that everyone should own at least 1% of their value.
Warren Buffet said in an interview with CNBC that the world's largest cryptocurrency will not produce anything, only that more buyers are hoping to make money by selling to new buyers. Chamas said that he is a "disciple" of the buffet, but that the buffet's opinion of Bitcoin is wrong and he believes that cryptocurrencies can replace gold. "Something like Bitcoin is really important because it has nothing to do with the rest of the market."
Chamath Palihapitiya, this year's stakes in Virgin Galactic Holdings have more than tripled to $ 1 billion. In
, Palihapitaya was in stock after he founded Palo Alto-based Blank Check Company to help Richard Branson (Richard Branson) publicly list his space travel company in New Mexico last fall.