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Home » Chamath Palihapitiya on Money as an Instrument of Change (Full Transcript)

Chamath Palihapitiya on Money as an Instrument of Change (Full Transcript)

Chamath Palihapitiya

Here is the full transcript of Social Capital CEO Chamath Palihapitiya’s fireside talk on Money as an Instrument of Change at Stanford Graduate School of Business…

TRANSCRIPT: 

Interviewer: Thank you so much for being here today.

Chamath Palihapitiya: Thank you for including me.

Interviewer: I’m so excited to dig into that career and your thoughts on the Valley. And I’m going to start us off with one of the things that jumped out at me in my prep for this interview. You are an extremely generous tipper.

Chamath Palihapitiya: Yeah.

Interviewer: I love that and I would like to know why.

Chamath Palihapitiya: So, I mean, it’s well known and part of why I’m so open about this is that I think it gives permission for other people just to be honest. I grew up in a very kind of dysfunctional household on welfare. And that compounded a bunch of shit in my life that was not great. We were very focused on money. It was a huge point of pressure and tension in the family. It created massive depression in my father, drinking. Just, it was very dysfunctional.

And there was some point along the way where I was like, okay, is money like really important or not important? And I feel very lucky because I don’t think if you ask my sisters, they got to the same place that I did. But I ended up not coveting it. And I found it to be something that I could use to really empower myself to do the things that I wanted to do.

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