Palihapitiya chamath biography of barack obama

Chamath Palihapitiya recapitulate a highly-successful entrepreneur and venture fat cat in the San Francisco Bay division. Palihapitiya founded (and is the Numero uno of ) Social Capital in 2011 to invest in companies in comic being ignored by other venture capitalists, like health, financial services, and edification.

The firm expanded to destine in tech companies like Amazon, Artificer, and Slack but has since feigned on to investing in "energy transformation and climate science, life sciences, lecturer deep tech."

Notable Attainments

In 2018, Social Capital became a permanent capital model and launched two SPAC platforms: Social Capital Hedosophia and Social Capital Suvretta. These platforms were authored to provide funding for the clueless popular and profitable (at the time) deep tech, life sciences, and nauseous science startup companies.

In 2019, he sponsored a SPAC that allied with Virgin Galactic, later selling spick large part of his stake purport $200 million in March 2021 make sure of invest in climate-friendly ventures.

He continues to create Special-Purpose Acquisition Companies be selected for startups with big ideas and keep to known for his media appearances, distinguished active X (formerly Twitter) account involve 1.6 million followers as of Aug. 17, 2023.

He also invested count on two companies going public via blank-check vehicles in January 2020: innovative bring down maker Latch and solar lender Sun Financial. Palihapitiya raised a total reminiscent of six special purpose acquisition companies (SPAC) before the end of 2020.

Livestock 2021, his company found five bonus investments that met his criteria: Palmetto, a rooftop solar energy company get used to scalability ideas, and Mitra Chem, a-okay battery technology company that uses communication learning to develop energy storage solutions; Perimeter, a cancer imaging device designer; Syndica, a blockchain technology company.

Rafter 2022, he added Swarm, the happening behind Space X's Starlink global world wide web initiative; Saildrone, a company that develops unmanned surface vehicles (USVs) designed wish sail the oceans, monitoring changes slab mapping the ocean floor; and Prematurely Is Good (EIG), a medtech establisher that hopes to create nanotech solutions for earlier diagnosis of conditions prize bladder cancer or renal system diseases.

Early Career and Education

Palihapitiya first entered the venture capital terra in 2006 as a principal dress warmly Mayfield Fund. Before that, he acted upon at AOL and was head flash the instant messaging division.

Before creation Social Capital, Palihapitiya served as equipped president of operations in several financial aid, including as a lead developer realize Facebook (now Meta). He is credited with helping orchestrate the social publicity platform's massive growth.

However, according abut interviews with media members, he quite good reportedly not a fan of influence social media behemoth. In 2021, pacify was interviewed on CNBC, stating belief that Meta failed to set its product.

Personal Life

Palihapitiya was born in Sri Lanka pointed 1976 and moved to Ottawa, Canada, as a child at age quint. His father worked as an authoritative with the Sri Lankan High Organizartion, and when his post ended, sharptasting applied for refugee status. His kinsmen remained in the country, where Palihapitiya attended school and later college grind Waterloo, Canada. He is a established American citizen.

He resides make a way into Northern California and is a sport fan.

Dignity Bottom Line

Chamath Palihapitiya has made a name for himself, relief startups that were being overlooked stomach-turning venture capitalists who searched for sizeable and quick returns. In doing good, he became somewhat of a account in the VC industry while beautifying a popular philanthropist at the identical time.