Entrepreneurs / Investors

43 Chamath Palihapitiya Quotes on Success (STARTUPS)

Top 10 Most Famous Chamath Palihapitiya Quotes (BEST)

“I want children who can make eye contact. I want children who know how to resolve conflicts with their peers. I want children who understand the dynamics of interpersonal relationships that are physical and tactile. I do not want children that only know how to interface with the world through a screen.”

Chamath Palihapitiya
Betting against entrepreneurs who are changing the world has never been a profitable endeavor.Pin
Betting against entrepreneurs who are changing the world has never been a profitable endeavor.

“We need to go after cancer, diabetes, climate change, the substantive problems of the world that, if were solved, would create immense wealth and opportunity that would cascade across countries.”

Chamath Palihapitiya
Something like bitcoin is really important because it is not correlated to the rest of the market.Pin
Something like bitcoin is really important because it is not correlated to the rest of the market.

“Companies are transcending power now. We are becoming the eminent vehicles for change and influence, and capital structures that matter. If companies shut down, the stock market would collapse.”

Chamath Palihapitiya
Your job as a smart investor is to separate the facts and the news from the fiction and the noise.Pin
Your job as a smart investor is to separate the facts and the news from the fiction and the noise.
We need to divorce ourselves from venture capital as an occupation and focus on using capital as a way to take really big bets on things that just seem totally audacious.Pin
We need to divorce ourselves from venture capital as an occupation and focus on using capital as a way to take really big bets on things that just seem totally audacious.

“When I left Facebook, I left an enormous amount of equity on the table. I thought, ‘I don’t want to be a slave to money. I want to be a slave to something bigger: an ambition, a goal.'”

Chamath Palihapitiya
Half the population of the entire world is women, and people are somehow shocked that this entire half is as capable as the other half.Pin
Half the population of the entire world is women, and people are somehow shocked that this entire half is as capable as the other half.
This is how you entrench inequality We let the poor 'invest' in lottery tickets, sports gambling and casinos but not startups.Pin
This is how you entrench inequality: We let the poor ‘invest’ in lottery tickets, sports gambling and casinos but not startups.

5 Chamath Palihapitiya Quotes on Successful Investing

“If the investors themselves are not sophisticated, if they themselves are not putting a lot of their own money to work, if they themselves don’t understand the continuum of capital and how different parts of the capital structures react differently, then they’re basically worthless. They’re not going to give great advice to these entrepreneurs who then need it. So that is unfortunately the cycle we’re in and we have to break the cycle.”

Chamath Palihapitiya
Good investors have to choose how to allocate their mind share with the precious capital they have.Pin
Good investors have to choose how to allocate their mind share with the precious capital they have.

Much like Warren Buffett has said very famously – he doesn’t buy technology stocks because he doesn’t understand them – I will not buy consumer goods companies because I do not understand them.

Chamath Palihapitiya
There's a handful of exceptionally good companies, but there's always one company that's the best.Pin
There’s a handful of exceptionally good companies, but there’s always one company that’s the best.

“I am building a fairly sizeable portfolio of what are called NFTs, non-fungible tokens, some digital art, some virtual trading cards, and these may sound crazy to some, but I do think that that’s the next frontier of digital currency and digital assets. So I have been building a portfolio.”

Chamath Palihapitiya

8 Chamath Palihapitiya Quotes on Startups & Entrepreneurship

“I think the reality is that it’s never been a better time to be an entrepreneur, it’s never been a better time to work at a startup. You work at a really intellectually free environment, you get to work with people who are like-minded, it’s very energetic. It’s wonderful.”

Chamath Palihapitiya
Startups should be what's called a J curve. You start out at zero, you're not making any money, you're not losing any money.Pin
Startups should be what’s called a J curve. You start out at zero, you’re not making any money, you’re not losing any money.

“As you start the company, you start spending spending spending ahead of revenue but then you come out of it and very quickly you should become a company that spends less than it makes. And what I mean by very quickly, is that window of time should be in that 6 to 8 year time frame. And the reason is because if you build your model correctly it’s almost unavoidable.”

Chamath Palihapitiya
Valuable companies take decades to build.Pin
Valuable companies take decades to build.

“If you look at the ecosystem, entrepreneurs as a class have gotten younger, younger, and younger. They also as a class have become less and less and less experienced. The good part about that is that you’re unlocking this ability to start a company to so many more people. That’s an amazing positive. The negative is they’re coming to that job with dramatically less experience than they’ve ever had. So there needs to be someone around the table that can then help them.”

Chamath Palihapitiya
Being a tech company has to be about a pattern of repetitive innovation.Pin
Being a tech company has to be about a pattern of repetitive innovation.

“I would tell startups to just keep your head down, keep building. Your contingency plan, if you have one, should be because you are still spending more than you make and you still don’t have a line of sight for that J curve. That is the most important contingency. Because otherwise you are betraying that equation to your cofounders, to your investors, to your employees and to your customers.”

Chamath Palihapitiya
Zuck is unemotional. He doesn't get influenced by ego.Pin
Zuck is unemotional. He doesn’t get influenced by ego.

5 Chamath Palihapitiya Quotes on Profitability

The goal of a private company is, first, zero to one. Get past the product market fit, figure out whether people actually care about what you’re trying to build and someone will pay you money for that. That’s the zero to one problem. So scaling, one through N, is figuring out can you do that at scale and how big is the scale. And when people pay you more than what it costs for you to make it, does that equation end up leaving you with money left over, i.e. profits.

Chamath Palihapitiya
If you're trying to get to profitability by lowering costs as a startup then you are in a very precarious and difficult position. You need to grow through profitability.Pin
If you’re trying to get to profitability by lowering costs as a startup then you are in a very precarious and difficult position. You need to grow through profitability.
I feel like a lot of entrepreneurs hear all this talk about profitability and realize they need to lower their burn. So, they just start chopping off perks and people.Pin
I feel like a lot of entrepreneurs hear all this talk about profitability and realize they need to lower their burn. So, they just start chopping off perks and people.

“It’s OK, by the way, that it takes 10 years for you to make ‘money.’ Since when was it that being in your mid-30s to make a few hundred thousand dollars or a million dollars was like egregiously unfair? I think we have to have a sense of perspective here. We’re all going to live into our 80s or 90s. So what is everybody in such a rush for?”

Chamath Palihapitiya
If you're trying to get to profitability by lowering costs as a startup, then you are in a very precarious and difficult position.Pin
If you’re trying to get to profitability by lowering costs as a startup, then you are in a very precarious and difficult position.

2 Chamath Palihapitiya Quotes on Truth and Popularity

“Today we live in a world now where it is easy to confuse truth and popularity. And you can use money to amplify whatever you believe and get people to believe what is popular is now truthful. And what is not popular may not be truthful.”

Chamath Palihapitiya

“All these social media sites allow us to confuse truth and popularity. That has to be fixed. Because every normal citizen has a right to know what is factual versus what is amplified by good actors or bad actors.”

Chamath Palihapitiya

6 Inspirational Chamath Palihapitiya Quotes About Life

“I’m a living testament to the value of immigration. I escaped a civil war, and I came to Canada as a refugee, and they gave my family protection. I did my best to pay that country back, and I think I did that.”

Chamath Palihapitiya
I was raised in a house where my mom was the primary breadwinner. It was a dysfunctional house, but she showed tremendous resilience.Pin
I was raised in a house where my mom was the primary breadwinner. It was a dysfunctional house, but she showed tremendous resilience.
You have to respect people for who they are on a basic level.Pin
You have to respect people for who they are on a basic level.

“I am is a byproduct of my generation and media culture, which is faceted. Not always great facets, but multifaceted. And so you have to speak in the language of the times in order to get your point across.”

Chamath Palihapitiya
One of the things I have known my entire life is that I have an innate capability for making money.Pin
One of the things I have known my entire life is that I have an innate capability for making money.
Here's the thing - if you want to do good things in the world, there's just only so much time that one can spend being glass half empty.Pin
Here’s the thing – if you want to do good things in the world, there’s just only so much time that one can spend being glass half empty.

7 Chamath Palihapitiya Quotes that Will Make You Think

“I’ve found that a lot of successful poker players grew up poor. And I’m convinced that poor people have a risk tolerance that rich people don’t have because poor people fundamentally don’t value money that much because they’re used to not having it.”

Chamath Palihapitiya
I think what IBM is excellent at is using their sales and marketing infrastructure to convince people who have asymmetrically less knowledge to pay for something.Pin
I think what IBM is excellent at is using their sales and marketing infrastructure to convince people who have asymmetrically less knowledge to pay for something.

“Let me tell you who was wrong: every single hedge fund. Name after name, when it comes to innovation, when it comes to growth, when it comes to people trying to do fundamentally useful things in the world, if it doesn’t fit into the mold that Wall Street wants, they try to organize against it.”

Chamath Palihapitiya
Early traction of Tesla is tracking very closely to Apple.Pin
Early traction of Tesla is tracking very closely to Apple.

“Well, I think they need to get regulated. I think that companies like Facebook and Google will be subject to much stricter laws. Section 230 will change and recognize them as quasi-publishers.”

Chamath Palihapitiya
If the government shuts down, nothing happens, and we all move on, because it just doesn't matter. Stasis in the government is actually good for all of us.Pin
If the government shuts down, nothing happens, and we all move on, because it just doesn’t matter. Stasis in the government is actually good for all of us.
Amazon seems to be a multi-trillion dollar monopoly hiding in plain sight.Pin
Amazon seems to be a multi-trillion dollar monopoly hiding in plain sight.
YouTube video

(MUST READ) The Power Law: Venture Capital and the Making of the New Future

Also read:

Chamath Palihapitiya Quotes on Success (STARTUPS) - Gracious QuotesPin
27