TIME

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

You’re reading a preview, subscribe to read more.

More from TIME

TIME3 min readGender Studies
Kathleen Hanna
You’ve been in the public eye since you founded your groundbreaking feminist punk band Bikini Kill, over 30 years ago. When did you decide to write your memoir? I started talking about it when I was maybe 40. Then I got sick with Lyme disease, and th
TIME6 min read
Titans
Last May, U.S. Surgeon General Vivek Murthy issued an advisory about the profound consequences of loneliness and isolation—a departure from the type of standard medical conditions his predecessors prioritized. While traveling the country, Murthy had
TIME2 min readPolitical Ideologies
The Party Of Mandela Fails To Deliver
The African National Congress has led South Africa’s government since the end of apartheid in 1994. But as voters go to the polls on May 29, there’s good reason to wonder whether the ANC might be in real trouble. During the ANC’s most recent term in

Related Books & Audiobooks