Chamath Palihapitiya Quotes
Facebook could have gone public whenever it wanted. We decided the right time was 2012. It could have easily been 2010 or 2014.
Palihapitiya, Chamath. "Chamath Palihapitiya, Founder and CEO Social Capital, on Money as an Instrument of Change." Stanford Graduate School of Business, 13 Nov. 2017.
He was referring to his practice of distributing shares of stock to other congressmen on behalf of Credit Mobilier and Union Pacific. Ames was censured by the Congress in 1872, for "seeking to procure congressional attention to the affairs of a corporation in which he was interested.” The cartoon to the left is from the period showing all the congressmen getting their piece of the Mobilier Credit cake.
Chamath Palihapitiya is a Canadian-American venture capitalist, engineer, SPAC sponsor and the founder and CEO of Social Capital. Palihapitiya was an early senior executive at Facebook, joining the company in 2007 and leaving in 2011. He is a minority stakeholder and board member of the Golden State Warriors.