VC Chamath Palihapitiya is investing in public companies, but his two co-founders are leaving their firm, Social Capital.
CHAMATH PALIHAPITIYA, AN early Facebook executive and outspoken presence in Silicon Valley, is unapologetic about his frustrations with the venture-capital industry. There’s too much money chasing deals, making it harder to generate strong returns. Too many VCs conflate luck with talent. And everyone who benefits from the current system is resistant to change.