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Chamath Palihapitiya

By
Jun 5, 2020
Crypto Explainer+
Beginner

Chamath Palihapitiya is a Sri Lankan-born and Canada-raised software engineer, venture capitalist and early bitcoin investor.

Born in 1976, Palihapitiya was an early executive at Facebook and AOL, and is a minority owner of the Golden State Warriors basketball team and the Founder and CEO of Social Capital.

In 2011, Palihapitiya left Facebook to start his own venture capital fund, Social Capital (rebranded from Social+Capital Partnership). The fund focuses on companies that deal in healthcare, financial services, education and software. Some of its most notable investments include Slack, Box and SurveyMonkey.

In 2013, Palihapitiya, along with the Winklevoss twins, was one of the largest individual bitcoin investors, claiming to have own $5 million in bitcoin at the time, with plans to double or triple his holdings. At CoinSummit in San Francisco in 2014, Palihapitiya stated that “everyone in the world should have 1 percent of their assets in bitcoin.” In 2018, he condemned Warren Buffett’s claims that bitcoin was more of a gamble than an investment.

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