Tech insider Chamath Palihapitiya wants to disrupt the way Silicon Valley works
CHAMATH PALIHAPITIYA COULD BE REVELING IN the status quo. The venture capitalist made a fortune serving as an early Facebook executive, started his own firm that now manages more than $2 billion in assets and even owns a piece of the NBA champions Golden State Warriors. Instead, he keeps talking about how Silicon Valley needs to change.
In recent months, the 41-year-old founder and CEO of Social Capital has said that technology companies are “ripping apart the social fabric.” He has criticized advertising-based business models that rely on collecting users’ personal information. And during a long walk around Palo Alto in April, he told TIME that many of the people flocking to the Valley are driven by the prospect of getting their “slice of the pie,” even though “comments about saving the world” are commonplace. “It makes San Francisco and Silicon Valley not too dissimilar to Wall Street,” he said. “But
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