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What Kind of a Responsibility Does a VC Have for Its LPs

A VC's job is to deliver return, for which they take money, hire competent people, and invest to achieve those return. It is not a VC's job to become anyone's slave and to continue working forever. You can retire any time you want.

Transcript

Chamath Palihapitiya: People in Silicon Valley are deeply unhappy ·

Recode Decode, hosted by Kara Swisher

More from this episode

  1. What Made Chamath Palihapitiya Silicon Valley's Kanye West?Unlike many poor people who work hard jobs and don't have time to be unhappy, Chamath, with all his billions, was able to find time to rest and to reflect…
  2. Did Chamath Let Investors Down When He Quit?Not at all. He took a few billion dollars under management and turned it into a few more billion dollars. He promised returns, and he achieved them.
  3. How Can I Have a Meaningful Conversation With PeopleThe ability to be emotionally intimate and authentic with other people is really hard and is a skill that can be trained, if it is not something you know how…
  4. What Is the Biggest Problem in Silicon Valley Right NowPeople in the Silicon Valley are the most unhappy they have ever been, they are the least civilly engaged and the most emotionally detached from their lives…
  5. Why Are People in Silicon Valley So UnhappyWe have an entire generation of young that grew up in front of their phones, people who don't know how to connect with the real world and how to find happiness.
  6. What Is So Different Between SIlicon Valley Today and Valley in 2000s.Back in the day people went to Silicon Valley because they wanted to build companies; the offices were run down, and the glamour was none.
  7. Is Money Accelerating the Pace of Unhappiness in the Silicon ValleyNo, if you were a jerk, then money would just make you into a jerk with more stuff, but that's not the problem.
  8. What Happens to a Later-stage Company When It Transitions to Maximize Revenue and WhyA typical company would go through the same stages. A company would start at the "Product market fit" where the goal is to create something people want.
  9. How Do We Become a Better SocietyThe society has a responsibility to work on our mental health.
  10. Why Does Chamath Palihapitiya Say It Is Suddenly Unpopular to Be Successful?People do not like who they are, so they tear down whoever made it.
  11. Is Anger a Great MotivatorAnger is a fantastic motivator for getting from 0 to 1, to catalyze progress.
  12. Why Are Good Ideas No Longer Getting Funded in Silicon ValleyThere is an enormous tax that we've been paying to big tech startups for hosting and advertising our products.
  13. Who Got Rich and Who Got Stuck in Silicon Valley?The steeper the growth rate of a company, the more appealing is is as an investment, so as long as the company can keep raising money, early investors are…
  14. When Is the Next Crash Going to HappenChamath thinks the next crisis is coming in 3-5 years in the debt markets.
  15. How Do You Find Ideas That Make a Lot of MoneyFind an idea that is relatively easy to start, but gets more and more courageous as you get going, and something that will be shockingly difficult if it…

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