Re:Chamath Palihapitiya on Wallstreetbets [audio]
by scumcity on Wednesday January 27, 2021 @07:27PM
(#25936347)
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.
Re:Chamath Palihapitiya on Wallstreetbets [audio]
by loceng on Wednesday January 27, 2021 @07:30PM
(#25936384)
How due to COVID?
Re:Chamath Palihapitiya on Wallstreetbets [audio]
by nceqs3 on Wednesday January 27, 2021 @10:37PM
(#25937831)
Retail buying frenzy. PLTR has become a meme stock.
Re:Chamath Palihapitiya on Wallstreetbets [audio]
by vlovich123 on Thursday January 28, 2021 @01:20AM
(#25938845)
Even before COVID he would have been an early investor. That means he invested in what IPO’ed as a 5 billion dollar company at basically the ground floor (the company is now 60 billion).
Yammer was bought by MSFT for more than it was worth (and likely more than it was valued at when he invested).
Re:Chamath Palihapitiya on Wallstreetbets [audio]
by nceqs3 on Wednesday January 27, 2021 @07:16PM
(#25936197)
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.).
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 probably came out OK there.