YouSaid · the spoken record

Chamath Palihapitiya

lines on the record: 166
first: 2017-08-28
most recent: 2017-08-28
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“I'd vote for somebody that has, I'm not going to say it, mostly somebody's name. I'm not going to take it back. All right. Okay, take it back.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“My God, I thought you were going to say president. I'd vote for her to. Oprah. Oprah would be amazing. I'd vote for Oprah”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“There's so many different ways where you can construct markets, but those nuances we don't have time for because he or she doesn't have a partner. So, the first step is get these companies to actually win, and then the second is because you have that social and political capital to basically cash it in and then have those discussions. That is what we need to do.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“If it's not properly allocated, this is what I mean by like conventional capitalism will exacerbate these issues. A modern form of compassionate or like ethical capitalism will do it in a very different way. But in order to do it, you have to first get these businesses to success and then have the partnership with an entrepreneur where they respect you for having helped them, where you can have this conversation. Okay, how do we allocate autonomous cars? Right. How are these markets built?”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I think we again this is to me it goes back to the James Damore thing we can be tweeting and we can be writing or we can be building we are builders and when we build things that need to get built we tend to do the right things and there's so much more progress and so I just think that like however you're kind of like what you believe about him it's fine to do it in your spirit time I get a lot of like it's popcorn material reading Twitter I mean it's great but at the end of the day Kara like Monday morning I'm there to grind and to build And to help others. Although you can't divorce yourself.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Self absorption. So, this is why if we could end by going back to the beginning, like peace and prosperity comes from a combination of Great governance and great capitalism Democracy and capitalism. And in a world where we see what's happening on the governance side, we have to take sort of things into our own hands and just build the things we need. But in order to do that, people shouldn't be job hopping every two years. People should take bets on folks. People should trust folks that they're well intentioned. People should try to learn from their past mistakes. All of these things can be more systematic. And if you do that, then you've got a chance. And so that's what I would hope for because I think we need it more than ever. And there are folks that will put a lot of our own money behind trying to make it so. And then along the way, it's going to roil a bunch of people and piss a lot of people off, but it's the right thing to do.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I do think it'll change because I think the world is crashing in on Silicon Valley in a way that never, not just the culture wars, but everything, like the immigration stuff, the real stuff, and you have a government that's spinning out of control. Like you said”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“You know, and we were all grinding, and when somebody would win we would be like, wow, that's great. Now I feel it's more zero sum. Oh, if you're winning, I'm losing. Your equity that you're getting, oh, it's taking away from my equity that I should be getting.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“So to me, what is driving me crazy is that I would like for this to be what it was. And now I sound like some nostalgia. Okay, I'm back to the 70 year old. That's right.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Like, wait a minute, you're bullshitting. You're bullshitting, you're bullshitting. They all become incrementally more mercenary. And then when that happens, because right, because you have to put up a shield, right? You're less empathetic, you're less connected to the people around you, and then you just like, it's just. It's just not great. Yeah.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“No, to be honest with you, I think it's like what is really driving me crazy right now is we have not done a good job of divorcing ourselves from the bullshit in Silicon Valley. And there's all layers of bullshit. You know, like we talked about some earlier, like, oh, I just came up with this thing. It was divine intervention. That's a crock of horse shit. Oh, I knew this entrepreneur from day one. That's a crock of horseshit. Oh, I knew this thing would work and that thing would fail. That's a crock of horseshit. So there's just layers and, oh, I found this thing. I mean, there's layers and layers of this stuff. And the problem that it creates, I think, is that it just... It doesn't make it a fun place to be after a while, because everybody in dealing with it, they all know.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“There's only one. There can be only one, like Highlander. All right, last question, Chamoth. What is the most ridiculous thing right now that's driving you crazy? Lots of things drive you crazy. Overhyped, just like, are you kidding me?”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Everyone else gone. They're gone because, you know, honestly, it's like at some point they realize, oh my God, I hit the jackpot. I got unbelievably lucky. And when they really internalize that, they're like, I'm fucking out of here. Yeah.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“And also just bad management. How did it get to that level of So someone's ignoring something and needs help in that way. But I see what you mean because Silicon Valley is all about redeeming, right? That's what Ari and I we always argue. She's like, Cara, you are a New Testament, Old Testament. I am New Testament. I'm like, yeah, I'm Old Testament.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Yes, I get what they're doing. I get doing it, but Steve Jobs didn't preside over so much bad management. All over the place. I mean, brilliant society and all these great instincts, there's like a list of other something mocking.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I saw this tweeted, you know, Jeff Emelt equals Scully 2.0. I saw that tweeted on Twitter. And I thought, oh, that's a really interesting analog. Hopefully that's not how it plays out because I think you would want Uber to do well.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“And so the real thing is, if he can refactor the parts that kind of direct that towards. All the negative stuff and instead replaces it with a more constructive kind of way of behaving. Why not? Yeah. I mean, there is clearly an institutional knowledge that he has, which is fundamentally unique, and then also the ability to lead those people is just unique when you are the iconic founder. Now, it doesn't mean that that should be what happens, but...”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“What do you do to make him? Look, I mean, I think what you cannot take away from him is just how good he is and how dogged he is. Now, I don't know if he's brilliant or not, but definitely how dogged.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Is if it says right on your bed, it's got a bunch of it's dog tagged and dog marked notes and gorgeous. Highlighted. Oh my gosh. If it were that easy. I know, wouldn't that be good? Wouldn't that be good? I think of every way I can get my hands on it. And I just, I'd love to see it. I have no idea why they did this, why they did the lawsuit.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“You know, it's like, where is it? It's just right on her bed. It's got a bunch of dog tagged and dog marked. Highlighted. Oh my gosh.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Oh my god, how funny would that be? You know, it's like, where is it? It's just right on her bed. It's got a bunch of, it's dog tagged and dog marked. Highlighted. Oh my gosh. If it were that easy, I know, wouldn't that be good? Wouldn't that be good?”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“It's delicious. What's going on, people? Somebody leaked this thing to Karen, if you get it, it's every right to me. I mean, I'm not going to get it. Yeah. Yeah.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“The fact that they still did it should mean that, and thank God these guys are, I guess, from both sides going into arbitration. So we'll never find out unless it gets leaked to you. And then you write it, and then I'll read it. But, man, that's just my back.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“And so then the question is, if they believe that they can still get the right intellectual tension and benchmark, but you can be aligned, then it won't hurt the ultimate. But if enough folks are whispering in young people's minds or ears, rather, hey, listen, there are easier ways to skin the cat here, then it will have a long-term effect.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I think the right answer is actually you want to have some intellectual tension, not moral and ethical, but intellectual tension. That probably creates the best outcomes.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I think that the propensity will be, again, if you get counseled by angel investors and otherwise, is find the most benign supporter who will basically let you have run of the place.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Beyond, okay. So that may not be what it's about. It's really then the question of what do the ultimate, what is the ultimate impact to deal flow? And that really just depends on the founder psyche. Does the incremental founder think that he or she will be more or less protected or they will be more or less supportive? Or do they believe, oh, that's the kind of objective stuff that I would want?”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Well, then you get into the game theory of does it really matter? Because if you really land Uber and make it successful and it's a hundred billion dollar company and then you do the carry waterfall and you do all the profit distributions and then you think about Snap and you think about WeWork, it may not matter what happens after this anyways.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Something fresh. Yeah, of like that whole generation of VCs, like to me, they're the ones that I frankly respect the most. I think they're the most credible.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“They're not. And they're kind of like in it for the long term. And they're great with the companies that they work with and they're unbelievably supportive and they tend to be quite relentless. Yeah, they've managed to manage.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“My suspicion. What did you think about the lawsuit? A lot of people are slapping benchmark for that, for doing that. And I keep thinking, what must they seen that they? That's what I'm saying. Had to do it.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“But it, I mean, but I think it all kind of roads lead back to that holder report, is my suspicion. What did you think about the”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I've worked with one, I'm very close to another. These are good people. They are not there to get in the muck and mire of this. So clearly there's just an entire story that none of us know. That's what”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“You know, I think the history will always ask the question, should he have cured? What we don't know, Kara, though, is what was in the report and what really went down? I mean, by the way, that's a little shocking thing where I've just thought, I just thought that hold a report, it would be in your hands. I'm waiting.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“You know, the current course in speed, I guess, is Jeff. I don't know him from a hole in the ground, so I have no idea. I would want someone that was dynamic and entrepreneurial. And the reason is because this company's best days are not yet at hand. And I think that it needs a combination of a steady hand, but like real, like stewardship and creativity.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Work anywhere she wants. She could sit there and make triple the money. Yeah. But I think from an impact perspective, I think Uber can be really credible. If you think that whoever becomes a CEO will immediately become the largest employer in the United States. Wow. That's a big statement. Second thing is that they become an enabler of GDP and commerce and vitality for lower and middle income people than anything else the government could ever do. Wow, that's an amazing thing. And the third is you save lives and you can really create something special in a world where autonomy happens.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“And like again, you're changing deterministic software, right? Like if this, then that, do this while this happens, perform this thing, and you're replacing with... It could be this, it could be that. I kind of do this. Probably this.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I actually think the manifestations, the things that they're going to do around machine learning are probably much more profound and important than any of that stuff. Right. I mean, that stuff is kind of interesting. It's kind of cute”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I mean, I've said this before, but like that was a period now saying the counterfactual what I said. For me personal creativity that I was the most proud of, the ideas that I was kind of cooking up, most of them were just utterly cockamy. But it was a great time. I wish Facebook had a phone. I think that would have been”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“It's I suck. I I mean, it's hard to really live it out. It's recovered from its phone if she were involved in, right? Amazon went right on and did Alexa Why didn't Google and Apple do that? I mean, really.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“We talk about that all the time. Our job is to learn. But you know what? That's like kind of like it's like, hey, it failed. It fucking sucks. I suck. I want to quit. And it's like, no, no, no. You learned. And it's like, now shut up, we failed. I mean, it's hard to really live it out.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“It to me is just the most unbelievably profoundly interesting company in terms of the scope of data, what they're learning, and their ability to fulfill it, and to do it, again, I mean, you bring up very good points, but I still think fundamentally where they will get massive more runway. They'll be much, much bigger before they get the level of scrutiny that Facebook and Google will. And so I'm just a huge bull on the company. I'm also a huge bull on the culture And I think that again, all I have is my perception of what it's like on the outside in, but it seems to be a place that is willing to fail because failing equals learning.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Is just, you know, look, I mean, like, I took a lot of flack. There was a lot of emotional sturm and drag amongst my co-workers at Facebook because I tweeted it out. And I probably shouldn't have done it. But, you know, I think it was in 2013 or 14. I basically moved most of my equity holdings in Facebook into Amazon. And I did it mostly because I felt too emotionally linked to Facebook. I felt I could not make good decisions. But also when I looked across the landscape and I spent almost a year and a half, two years trying to figure out what I could own.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“No, but they're easy to attack and they get mired in that for the longest time. Like, again, I always feel Donald Trump really does have a sense of how you could make that narrative around Amazon, ruining Main Street and how ruining Walmart and out ruining. He's trying.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“It's even more incumbent on Amazon to figure out how they add capital also as a service to their offerings. Right. Because if they can then also say on the other side the degradation of retail, they're exactly. They're a font for entrepreneurship. They've solved the problem. No, I know.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“I'm thinking more, you know, I always think, and we'll talk about Trump in a second, Donald Trump has a lizard brain of understanding where things are going and he's attacking Amazon for the wrong reasons. I think you'll see a lot more attacks on them because of job loss around retail, replacing companies. I think there'll be a lot of attacks by their competitors that are more.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“And that's really you're talking. Global GDP is what 80 trillion. Amazon is 100 billion. It's literally a drop in the bucket. It's an irrelevant company in that context. Whereas Google and Facebook are more than 50 to 60% of their market.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Somewhere. It moves from there quite quickly. Amazon is different because their fundamental market is dramatically more TAM unconstrained than Facebook and Google. Like the thing with Facebook and Google ultimately is Facebook is basically about consumption and advertising and Google is about intent and advertising. Those are two are bounded markets that are in the mid hundreds of billions. Big markets, okay. Amazon at scale is fundamentally about consumption, which is effectively GDP.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Facebook and Google more than anything else now are a psychological map of humanity, your behaviors, your patterns, what you do, what you say, where you go, and to have that amount of knowledge that can be learned on, concentrated in two for profit companies. Can be in the eyes of governments extremely scary, and so at scale, this becomes a huge issue as people realize the actual scope and scale of their ability to predict your behavior. So I'll just leave it at that, but I thought really deeply about this issue, and that is the Its government intervention for both of those two businesses starting in Europe.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT
“Just unstoppable. I mean, I think the thing that Facebook and Google will both have to contend with is regulatory headwinds specifically starting in Europe. At the end of the day, what both of those two companies are. Amazon.”
2017-08-28 · Decoder with Nilay Patel · Recode Decode: Chamath Palihapitiya, CEO, Social Capital · IDENTIFIED FROM THE TRANSCRIPT