Social Capital’s Chamath Palihapitiya says ‘we need to return to the roots of venture investing’ – TechCrunch
In the first of many annual letters Chamath Palihapitiya will be penning as part of his firm’s new era as a technology holding company, the founder of Social Capital criticized the venture capital industry. After highlighting the latest trends within VC — i.e. SoftBank’s Vision Fund, private equity activity in VC deals and inflated valuations — Palihapitiya divulged…