Social Capital

“The average Successful company takes about eight years. Massive successful company have taken sort of eight years to get to that point of exit or liquidity or IPO.”

“What we have a very deliberate approach of sort of half of our investments are in those longer gestation cycle businesses, and the other half are in more predictable enterprise software and consumer businesses, where it's more apparent much faster that these b…”

“Our first fund was two hundred seventy million. Our second fund was two hundred eighty million. Our third fund was, along with an opportunities fund, was six hundred million, so we doubled the fund size.”

“I ran my fund as budget based. I never ran it as a flat fee. Now, I ended up using the two percent because I had many, many tens of people. I had data scientists, we had HR, we had PR, we had all these outsourced resources, all those things consumed capital. B…”

“I wanted to build a kind of organization that, you know, in some ways was a mixture between Berkshire with respect to its Capital and capitalism philosophy. The developments that are like Koch Industries with respect to its view on amalgamation and building co…”

“I find social capital very compelling to study because I don't think we study social capital with as much rigor as maybe financial capital, but in many ways, it's just as predictable a medium.”

“I think if you think about investing more broadly speaking, it's an infinite game. The only real competitor is yourself because the only thing you're really fighting is not really market gyrations, but it's your own psychology. And if you can manage your own p…”

“Chamath, all his ex-partners have sued him. Mamoon sued them. The Grok guys he sued.”