Sources: Social Capital fired two of its partners after they tried to raise ~$2M from outside the firm for AI chipmaker Groq, which rankled Chamath Palihapitiya
Lizette Chapman / Bloomberg :
Letter: Chamath Palihapitiya's VC firm Social Capital fired two of its partners, citing an undisclosed “situation”, and hired a law firm to investigate
Bloomberg :
Letter: Social Capital shrinks its Fund V to ~$1B with a focus on early-stage deals, vs. its prior plans to raise much more and back growth-stage startups
Social Capital founder and CEO Chamath Palihapitiya says the “ugly truth” is “nobody cares about what's happening” to Uyghurs in China, himself included
- Chamath Palihapitiya said “nobody cares about what's happening” to Uyghur Muslims in China.
Profile of Chamath Palihapitiya, who has become a public icon of the SPAC and amateur trading booms; sources: Social Capital raised $3.7B for five SPACs in 2020
Buy! Sell! Tweet! An icon of the amateur trading masses and an evangelist for SPACs, Chamath Palihapitiya is commanding …
Social Capital CEO Chamath Palihapitiya appears unconcerned about the string of exits from the firm and says it will no longer raise outside capital
@chamath http://medium.com/... Anna Hensel / @ahhensel : It's quotes like these that make me never want to leave tech reporting: “I would rather spend time with the people that are 100% aligned with w...
Social Capital CEO Chamath Palihapitiya appears unconcerned about the string of exits from the firm and says it will no longer raise outside capital
- Chamath Palihapitiya told his employees he would be diverting much of the “carry” — the portion of investment returns traditionally given …
Inside the implosion of Social Capital as key partners and execs keep leaving and, sources believe, Chamath Palihapitiya is no longer putting the firm first
a Valley star's dereliction of duty, divorce, an affair with an Italian girlfriend, fleeing founding partners, unkept business promises—sound like a routine earnings call. http://twitter.com/... Downt...
SFOX, a crypto trading platform for institutional investors and others, raises $22.7M Series A led by Tribe Capital and Social Capital
Wolfie Zhao / CoinDesk :
Social Capital CEO Chamath Palihapitiya defends his work after a string of prominent staff departures and a failed expansion that have left investors dismayed
Seven years ago, Social Capital made its debut as one of the hottest venture funds in Silicon Valley, the brainchild …