Chamath Palihapitiya on space, money and priorities (PhocusWire @ Phocuswright Conference 2019)
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- čas přidán 24. 07. 2024
- Chamath Palihapitiya, chairman at Virgin Galactic and founder and at Social Capital, joins Kevin May in the PhocusWire Studio at The Phocuswright Conference 2019.
Full story: www.phocuswire.com/chamath-pa...
Check PhocusWire's coverage and studio interviews from The Phocuswright Conference 2019: www.phocuswire.com/The-Phocus...
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Eloquent and thoughtful. I’ve come to expect nothing less from Chamath. His point about technology democratizing opportunity was spot on.
"Democratize Opportunity"...that is an oxymoronic. Think about Democratized anything...
Theo bruh, democracy represents the ability for everyone to have a say. I’m not saying that what we have right now in America is the ideal version of democracy. Now if you allow everyone to have an opportunity (aka “Democratizing Opportunity”) then we will have more success economically and socially.
He sold off the his share , he talks a good game , but lost respect for him , I see he has not done any interviews after he sold off his shares . same thing with clover health , he pumps the company up , and gets out once he makes money on the stock , try to find a recent video of him , there is not one , he is hiding , wanted to believe in this guy , but he had no vested interest in this company .
Chamath: The next great crisis is not a financial crisis, but an emotional crisis
2020: Interesting... I will have both please good sir
Literally one of my favorite captains of industry.. so refreshing
you love your BS piled high
Bill Moyer why?
Alex Lee bill is clearly a broken man.
Can someone host a panel with Chamath and Andrew Yang?
Why? Andrew Yang is boring.
@@doctordilanka lollll
I will
@@doctordilanka Seriously 😂
Yang is the Dem for the rich immigrants :)
Such an eloquent talker. Should run for president.
Why do people think that brilliant people should run for president it is literally the worst job for someone who actually wants to make a meaningful impact, politics is the most useless tool ever created by man.
@@geraldg350 because otherwise you end up with pathological, low IQ, peachy conman in the oval office...
Not eligible as he was born in Sri Lanka.
@@davidelet3652 Right because we know in U.S history all presidents have been ethical/moral, high IQ, pragmatic visionaries because politics is where all the brilliant people are.
@@geraldg350
Exactly! That is why we want those smart visionaries in the WH. Can't argue that except for Goldman Sachs, the president is the most influential entity in the world. So he can have a big impact on policies all around the world. It is because those smart people want to make money they go into business instead of trying to improve the world.
Without taking a stand on whether it’s good or bad, he has such a refreshing view on wealth tax.
That his game...I'm starting to see...everyone says the same thing...its starting to appear as a put-on...his own words "grow a legion of people"...ie cultish
And if his logic is false on spaceships, why did you brush that aside?(ie his intent)...thoughts: 'hes so nice and honest, the idea cant be all bad'...such as your post.
@@Theo-dj7vs wtf are you talking about?
@@magicsaint lol
@@Theo-dj7vs who do you believe in?
@@Theo-dj7vs who do you believe in?
From Ottawa to the Moon!
Really enjoy Chamath's insights and what Virgin Galactic is doing is very exciting but I somehow think SpaceX will grab a huge segment of this market...specifically in regards to point to point travel.
Glad to hear, Great information. all the best!
Thanks Chamath for continuing your critiques on excesses, irrationality, and over-valuing the so-called geniuses like WeWork's founder- he proved his immorality and grifter core with that huge golden parachute, while devastating so many lives of employees. But as long as he's sitting pretty, wow, what a wonderful thing for his life.
So how big of an environmental footprint does one leave for flying from NY to London for a quick weekend getaway?
Well said
God bless this man. He speaks truth to power.
(speaking of Concorde) @05:54: "it operated roughly in the same altitude [...] supersonic means slightly above mach 1" -- bit misleading: Concorde cruise altitude at 60.000 feet (regular airplanes at 33.000) + supersonic speed Mach 2
Mean reversion is the key!
16:26 holy shit why is it so loud in the background
Would like to hear his solution on Climate Change
He's in Tesla
Got 100 shares. Need to get to 500
Porque hackearon el canal de Titanes ☹️☹️
I am quite not sure if u have been a true entrepreneur or being lucky ....u just need to ask a basic question "NASA's contribution to the planet Earth"? vs Virgin Galactic! idea of space travel is always great coz once the right technology / rocket engine is built ...Moore's law will take place and hopefully consumers can either make a choice to buy Tesla or use that price to travel space.
Hard for me to relate this Chamath with the one who was just recently in CNBC. Wouldnt it be more productive to invest all that space high speed travel money on a planetary green New Deal and postpone for a few years the travel enterprise? When there could be a wider more democratized clientele?
LOL Imaginery stuffs you never seen, yes lets invest!
Nixon Rexzile the green new deal is basically the gov funding green technologies that *already* exist in the world, so I don’t quite understand your comment. It’s only as imaginary as a government giving insane unreasonable subsidies and tax cuts to oil companies to destroy our planet- oh wait..
@@happyrobots4929 you have no idea what bubble even means in stock market
Kind of agree Ruben - this space travel endeavor seems to conflict with what he said you should do with money in his "instrument of change" Stanford talk a few years ago. Is it really that beneficial to humanity for someone to see outer space?
Uhhhh he has a big investment in Tesla and has been pushing the company on CNBC and other venues for a long time. Watch the videos and do a bit of searching on CZcams. Tesla is the ultimate investment in climate change related companies. Electric cars, large scale batteries, energy storage, solar panels, solar replacement on a large scale for commercial purposes.... all of those are a part of the Tesla company.
This guy is the guy Warren will have the baton to.
5:50 oyster listen about conchord
Interviewer was kind slimy and backhanded but Chamath as always handles him well!
I've been called a lot worse.
I like watching Chamath interviews, he's definitely intelligent, however investments in Slack and virgin galactic are nit paying off yet
I beginning to think that chamath made his profit by selling stock right at the beginning. Thats why they made a direct listining instead of an IPO
That's what he says he is not interested in quarter to quarter returns.
really?
How do you know what his return is in Slack? Do you know how much he invested?
Sanjay Aiyar there is a SEC filling of Chamath putting up 100 mil stake in Slack (:WORK). He believes in the business
the book called crash of the titans talked about how when companies starts flying into space is a signal of market top. e.g. Motorola was the biggest company in the 90s started a space program instead of focusing on their core business, shit its pants after a few years.
interesting
So who will buy this expensive piece of art? How does the problem get solved?
11:30 "a legion of customers that love you"..."that believe"(not support, but "believe")...ie cultish hodlers
Theo No it’s not! It’s smart thinking. Why gear towards people who want you to fail or do not believe in your project?? Cmon bro
@@modousow8832 first off, theres no "thinking" involved in following another's option and choice. What go does another motivation do for you?
2nd, icons are not your friend they're here to "influence" people/(NPCs)...
3rd your finances big or small are your vote...for the future...and this man and Bill Gates are on same team...by design.
4th become self-informed; learn and grow
@@modousow8832 you wrote that like you "believe" he cares for you. Please watch 2017 W.E.F. and understand the game plan...
The entire new economy will be brought in as a way the help...careful what heros you choose.
Theo @ Theo Hero?? No Sir! Ok, will watch it. Thanks for sharing.
Chamath es un hacker
One of the greatest thinkers of our time.
I"m a big fan of him..but lets be real.. He's not a great thinker or anything amazing. He got lucky at the right time and right place at facebook. Accumulated tons of money and media access and use that to his advantage. Just like Mark Zuckerburg got lucky and stole the facebook idea and made millions of money off of it. People listen to you more when you have tons of money.
@@alexng4 stfu loser lmao
Evan Green “lucky”...
In a world where stories of excess like the Neumanns of WeWork abuse privileges amidst billions living on the street, Chamath churns out more humanely thoughtful rhetoric people should learn from.
Proud Sri Lankan
How serious is SPCE ?
Kevin Andrade
What do you mean?
Sanjay Aiyar the thought from going from Miami to Hong Kong in 2 hour’s versus 18 hours ( today’s travel ). Is this replacing today’s Commercial air traffic? I’m trying to understand where they are going with this. Is Space X the same venture?
@@kevinandrade3513
That is premium hypersonic travel, doesn't replace bus and taxi. I think spaceX is focus on migrating to Mars(good luck for that lol)
few yrs ago he was so visionary and optimistic. now he is selling glorified bus tickets. It's not fun to be old ;)
Does NOT have perfected the Tech to accomplish what is proposed...thus why he liquidated. The man is nonetheless convincing in his public speeches.
Pinché mr bean
Chamath is looking more and more like Mr. Burns from The Simpsons. "Egggcelllent..."
Reared in Canada .... and has some morals and principals.
Wonder what the carbon footprint of a Virgin space flight is.
I'm guessing lots...
Probably a little. But think about the positives that this company will bring. It will make the world excited and accepting of space travel. That will help the space industry in general and really change the world.
He was asked this and said they have already considered it and have a plan in place.
Chamath "I want that money....I want to be at the table with all the white world leaders, why not? why not?" Palihaptihippopotamus.
Emotional crisis = Panic over pandemic? A stretch?
Great story teller, a Jhumpa Lahiri of business. But off-late his credibility is under scanner. He needs to deliver as well and just not glibly talk about vision, future,strategy !
Abhijit Chaterji
He’s already made a lot of money investing. Have you bothered even reading his annual letters or finding out what he’s accomplished as an investor?
Sanjay Aiyar agree, he has made money investing but so as thousands of investors globally. I didn’t see that as yardstick for “leading by intellectual” leadership. What is the one big change he has made that has impacted any one industry ? He says he is better than Warren Buffet, he bitches about Sequoia- but the world knows that they have already proven their mettle. He is a very good storyteller- A+ for that. Rest he has to prove. Let’s see what difference he makes with virgin galactic - all eyes on that now
@Abhijit
Fair enough. As an investor he’s clearly outperformed the vast majority of investors. Agreed he has yet to prove the “social” aspect of his investing. He did say in his letter he returned better than buffet in the first X years, but I don’t think he went as far as saying he’s better. Just a bit of bravado slipped in there. I would say I really do like the SPCE pitch. Not so sure about his other investments like BOX and WORK.
Sanjay Aiyar
I think the key conflict here is what he represents. At one level he gives an impression that he can change lot of things in the world by being a thought leader, driving it from the front. On another level he invests his personal money and gets good return and then claims to be a cutting edge VC. Investing one’s money on a handful company is not really the boundary conditions of a VC. It’s more than that. All his partners have left social capital so essentially he is managing his own money now. As the saying goes, ideas are cheap- it’s execution that matters in this world. All news anchors like him because he spreads the ‘Silicon Valley peanut butter’ so nicely
Strap onto a gas tank that is on fire and has a chance to blow up while paying to be on that? Hell no. I love how these billionaires talk about this without having any desire to fly in one themselves.
Dr. Strange Chamath himself bought a ticket.
U sit behind your computer and commented this in the safety of your home, but the opportunity of going to space which would be safer than getting in your car and driving to work, scares you? If someone offered me the ability to travel to the moon tomorrow and I had a 25% chance of dying. I would take it. Live ur life not through fear buddy!
Eloquent, but still a sale pitch.
So is your comment, discounting eloquence.
I don't see what your point is.
Life is a sales pitch my man!
Everything is sales
So what? He believes in his investments and he wants to also make money on that bet
Chamath, stop selling bro 😅
space travel is rich people's games, just like private jet.
Yeah it's not for losers. Only the rich and smart will experience these amazing technologies cuz us peasants do nothing but bitch about it on CZcams.
🧡💛💚💙 Why are they wasting money on building a rocket ship to change the transport industry. The world is flat , we need a ROCKET TRAIN. Think people, think! 🧡💛💚💙
He wants to make the world flat by connecting humans.
Lol... nobody has experienced it!
Hes right...cuz it's not possible!
Could be the short of the decade
This didn't age well. 😳
is it just me or as time goes, he delivers and speaks more and more like elon musk. not denying that he is a very smart man but i have noticed that he is also a master manipulator/really good at acting things out.
I'm sorry, but how is this for anyone except the 0.0001%?
Quivver77 Yes, to start. And then hopefully for you and me in years to come. :(
@@modousow8832 yeah, but this dude talks about solving important problems...how is taking a bunch of billionaires into space doing that? This is indulgence - plain and simple.
Quivver77 Branson is the owner of the company, think he was hired later as the CEO. Kind of hard to tell these billionaires what to spend their $ on. Just wished we had the same problem🤪
@@modousow8832 I dunno man...Even if I was offered a free ride, I'm not too sure I'd want to go to be honest. Call me chicken, but the thought of being in a metal condom hurtling at supersonic speeds into space...yeah, imma pass on that.
Quivver77 😂😂 @ metal condom
Someone needs to introduce austrian school of economics and/or Saifedan Ammous, to mister Palihapitiya here. Fast. They are bitcoiners, so they should atleast know of atleast one the other. But I don't hear any of austrian insights in Chamaths dialogue.
He's very calm and personable but some of this (Virgin stuff) is breathtakingly disingenuous. Assuming that everything Nasa has spent so far in its history (600B), which includes all its fundamental research and robotic missions to all the other planets and moons and asteroids, space telescopes, etc etc was 'just' to put about 500 people in space (therefore ~1B/person), is absurd. Then to take that meaningless and erroneous value and compare it to VG's sub-orbital hop (at a low-low price of hundreds of thousands of dollars), which is arguably not even space (sub 100km), and certainly not 'space' in the orbital sense to which he's comparing it to with Nasa, is even more absurd. Pure marketing. Likewise claiming Mach 3.5 is hypersonic seems like a stretch for marketing purposes - most aerodynamics literature starts it at about Mach 5.
He's right about Facebook being crap, at least.
How do u explain spacex then? Lol, nasa is a NATIONAL agency. Nations move slow, entrepreneurs move quick.
@@rejhanpuskar I'm not sure what 'explaining' SpaceX has anything to do with this critique of the speaker's invalid comparison. But since you ask, SpaceX was founded 17 years ago and has yet to launch a human into space. When they begin to do so soon for taking astronauts to the ISS, they are estimating a per-seat cost of $55M USD. To compare that to the current situation for 'NATIONAL' agencies, Nasa is currently paying $86M per soyuz seat. As I say, none of this seems relevant to my original comment.
Virgin doesn’t bring any value to the world
he's wrong about FB being crap...it adds substantial boost to US GDP by targeted ad conversion for all sizes of business. That ad spend ROI is incredible innovation.
Poor people go back to watching specials on wallmart channel.
arrest that man the hack the titans youtube channel
You can tell his heart isn't in it.
Why
Palihapitiya is great communicator; however, his perspective on this is warped. Paints a dream, not an investment. SHORT(if could) GALAXY IN 36months. This is a disappearing whole on the scale of Theranos...but I like Palihapitiya so it hard to say...
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All is good until you realize lobbies for bitcoin.
@@negativegains4883 I suppose you've been burnt by bitcoins, which explains your username
Bitcoin is the future
@@ajayreddy8732 Stop being blind sheep, and think for yourself. Before you go around making random statements you dont understand, try to figure out how and why a monetary value can even be associated to blockchain. The transactions on their own may be very secure, but the digital wallets holding them get hacked left and right, with zero traceability. There is a reason why its always going to be unstable. Don't be sheep.
@@negativegains4883 I seem to have struck a rather sensitive chord, i pray someday you realize the bubble that this is, and hopefully that would be the last of days of your negative returns. I bid thee farewell, Naive Sheep!
@@MADMAX7330 see you in the slums, dawg!
Five months later "Richard" furloughs Virgin employees and "Richard" is looking to get bailed out again, while Chamath seems to be on a public tour talking shite about the latest bail out. Confusing, here he is talking up a luxury item whose first big customer will probably be the industrial military government complex. Certainly not transportation for us common folk, near or distant future.
why does chamath go to such nobody's? 450 subscribers lol
Must've been the huge number of PVs on the site.
Why lol. Logan Paul has millions of subs and views, this video has only 25k views. This reflects our society and how many people can actually understand what this guy is talking about. Even fewer can ask him actual relevant questions.
@@lunataylor5091 The realisation that Logan Paul has millions of subs and views is, indeed, a sad reflection on our society.
@@g.a.r3058 thank you...
Virgin Glactic sounds like snake oil.
13:08 Chamath admits the existence of the ILLUMINATI !!