The stack on this story so far (newest ones at the bottom—if I've missed any, can you let me know at hn@ycombinator.com? this is sort of an experiment and we may eventually write software to support building lists like this collaboratively): https://news.ycombinator.com/item?id=25932598 ("Chamath Palihapitiya on Wallstreetbets [audio]" https://news.ycombinator.com/item?id=25904779 ("How WallStreetBets Pushed GameStop…
(This is a stub reply so I can collapse the various comments responding to this, so as not to distract too much from the topic at hand.)
I get the vibe that this guy pays people to write articles labeling him as a billionaire because I see ten things across the web a day about "billionaire investor Chamath Palihapitiya".
Not saying he is or is not a billionaire but it seems more like a brand that he sells in the way Trump did back in the day.
He doesn't usually have any deep insights when I listen to him talk.
The Chamath Craze is ridiculous. The guy is a stock promoter through and through. It's really sad to see people fall into this guys trap. He has an incredibly story (coming from nothing) but lets look at his career: He "leaves" (aka fired) Facebook for being a D*ck head. Nobody is willing to work with him because he is rude and a jerk. His direct reports would cry regularly. Steven Levy talked about this in his book…
> He starts a VC fund. The fund has no "major" wins. Box, Slack, Yammer, Palantir. I guess I don't know what the definition of "major" is, but those seem decent. The VC fund did eventually "burn down", but not because of bad investments but because he had some personal issues. I don't have a strong opinion about him as a person. I just don't understand why a criticism was that he was a bad VC. It seems like he probab…
Palantir was obv the biggest win. By major I mean over 50 bil market cap. He was literally writing checks during the best founding period ever (2008-2013) and didn't get any of the huge companies (Stripe, Uber, Airbnb, etc.).
The Chamath Craze is ridiculous. The guy is a stock promoter through and through. It's really sad to see people fall into this guys trap. He has an incredibly story (coming from nothing) but lets look at his career: He "leaves" (aka fired) Facebook for being a D*ck head. Nobody is willing to work with him because he is rude and a jerk. His direct reports would cry regularly. Steven Levy talked about this in his book…
> He starts a VC fund. The fund has no "major" wins. Box, Slack, Yammer, Palantir. I guess I don't know what the definition of "major" is, but those seem decent. The VC fund did eventually "burn down", but not because of bad investments but because he had some personal issues. I don't have a strong opinion about him as a person. I just don't understand why a criticism was that he was a bad VC. It seems like he probab…
lol, that is nonsense. Palantir's success, for example, is entirely due to covid. It would still not have IPO'ed today without the insanity taking place today due to the fed buying corporate bonds and keeping insane/illogical interest rates in place. Time is valuable, unless you live in the fed's mind.
> He starts a VC fund. The fund has no "major" wins. Box, Slack, Yammer, Palantir. I guess I don't know what the definition of "major" is, but those seem decent. The VC fund did eventually "burn down", but not because of bad investments but because he had some personal issues. I don't have a strong opinion about him as a person. I just don't understand why a criticism was that he was a bad VC. It seems like he probab…
lol, that is nonsense. Palantir's success, for example, is entirely due to covid. It would still not have IPO'ed today without the insanity taking place today due to the fed buying corporate bonds and keeping insane/illogical interest rates in place. Time is valuable, unless you live in the fed's mind.
“No major wins” >Comes from nothing >is a billionaire
He became a billionaire from Facebook stock not from venture investing. EDIT: That's according to him. I wouldn't be surprised if the guy overhypes his assets. Also his divorce likely cost him half (they got married before he joined FB).
Your edit is basically conjecture and ad hominems. Can you back that up with sources?
The Chamath Craze is ridiculous. The guy is a stock promoter through and through. It's really sad to see people fall into this guys trap. He has an incredibly story (coming from nothing) but lets look at his career: He "leaves" (aka fired) Facebook for being a D*ck head. Nobody is willing to work with him because he is rude and a jerk. His direct reports would cry regularly. Steven Levy talked about this in his book…
On the call, he mentioned hedge fund's unfair practices to take down businesses based on their shorts.
But imagine retail investors doing this out of sentiment, a la Facebook. It is even scarier and more sinister.
Thieves robbing thieves, it is best to stay out if you have ethics.
Yeah, and there was also TSLA and AMD and MU and others that did great. The point is that they actually write out real strategies/positions as "DD", and you can make your own decisions.
Oh my, good ol' memories of $AMD and $MU. They did pan out!
In the modern american economy nobody except perhaps onlyfans have created so many new millionaires as wsb :)))