You’re viewing 10 of 45 investments. Chamath Palihapitiya has mainly invested in tech startups. Billionaire investor Chamath Palihapitiya, the deep-pocketed brain behind tech investment fund Social Capital, started investing in Bitcoin (CRYPTO: BTC) nearly a decade ago. However, Berkshire Hathaway chairman Warren Buffett wasn’t convinced that Tesla can succeed in the auto insurance business. After the completion of the merger, Clover Health's current CEO Vivek Garipalli and President Andrew Toy will retain their seats. Chamath Palihapitiya is bullish on bitcoin and sees it hitting the $1 million mark. Well-known short-selling specialist Hindenburg Research published a critical report on Thursday on Chamath Palihapitiya-backed insurance firm Clover Health . Rare earth minerals will likely be in demand over the next decade as the global economy transitions towards renewable energy. Let’s look at some of Palihapitiya’s investments and his views on bitcoin. Please wait a moment and refresh the page. Chamath Palihapitiya joined Scott Wapner on CNBC’s “Halftime Report” to discuss his recent purchase of GameStop Corp (NYSE: GME) options. — Chamath Palihapitiya (@chamath) September 15, 2020 Shares of Social Capital Hedosophia II, which trade under the ticker symbol IPOB, were … We're experiencing unexpected technical difficulties. Market Realist is a registered trademark. Chamath Palihapitiya is a highly-successful entrepreneur and venture capitalist based in the San Francisco Bay area. The Social+Capital Partnership is aligned with a number of the world's most influential entrepreneurs in business, finance and technology and focuses on investing in highly disruptive ideas in healthcare, education, financial services and the internet. All Rights Reserved. The transaction is led by Chamath Palihapitiya’s Social Capital and Metromile’s current investor and billionaire Mark Cuban. He served as Board Member at Glooko.He serves as Board Member at Ezetap. People may receive compensation for some links to products and services on this website. Social Capital's Chamath Palihapitiya closed his GameStop (NYSE:GME) position this morning, CNBC reported, citing an interview with the investor. Tesla Inc. boss Elon Musk, serial SPAC promotor Chamath Palihapitiya and fund manager Cathie Wood of Ark Investment Management have all succeeded in … He is a highly-successful Bay Area-based entrepreneur and an original member of the Facebook management team has been a prominent figure in the venture capital business and a multitude of successful online ventures during their formative stages. He is the Founder and current Chief Executive Officer of The Social+Capital Partnership, a multi-hundred million dollar venture capital fund, which he pioneered earlier this year. Chamath Palihapitiya would join the company as a senior adviser. Sorry! Incidentally, green energy stocks have risen sharply in 2020 in anticipation of supportive policies towards renewable energy and electric vehicles. In November 2020, MP Materials, which supplies rare earth materials to defense systems, electric vehicles, and wind turbines, went public through a reverse merger with PIPE, which was led by Chamath Palihapitiya. The S&P 500 returns the dividends. Get the full list ». In 2020, Palihapitiya formed SPACs to take real estate platform Opendoor and Medicare insurance company Clover Health public. Chamath Palihapitiya is bullish on bitcoin and sees it hitting the $1 million mark. In October 2020, Clover Health, a Medicare insurance company based in Jersey City, N.J., announced that it would go public through a reverse merger with a SPAC headed by Chamath Palihapitiya. FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, (REUTERS) 5 min read. “Pragmatist rhetoric is what will get your mother and your grandmother to have Bitcoin in their wallet,” said Palihapitiya in an interview in November 2020. He also served as Chief Executive Officer & Chairman of the Board of Directors at Social Capital Hedosophia Holdings Corp. IV and Social Capital Hedosophia Holdings Corp. V and at Social Capital Hedosophia Holdings Corp. VI. Bill Gates Reads 50 Books a Year, and These Are Some of His Favorites. Over the years, Social Capital has transformed from a venture capital fund to a tech holding company. SoFi is going public via a merger with a SPAC backed by billionaire investor Chamath Palihapitiya.. Palihapitiya made the announcement on CNBC on … Chamath Palihapitiya: It won't be one of the letters, but I think in the next 2-3 years, I'm going to find a way of taking it public. Get the full list », You’re viewing 10 of 28 exits. PitchBook is a financial technology company that provides data on the capital markets. The deal valued Clover Health at $3.7 billion. Companies like Root Insurance are charging differential premiums to individuals based on their profile. Meet Auto Billionaire RJ Scaringe, Whose Rivian Could Compete With Elon Musk’s Tesla, Why Satellite Company Starlink Doesn't Have a Set IPO Date, Tesla can succeed in the auto insurance business. Prior to beginning his latest endeavor with The Social+Capital Partnership, Mr. Palihapitiya was the longest-tenured original member of Facebook's Senior Management team. However, many investors, including Warren Buffett, don’t have a positive view of bitcoin. The fund, which was later renamed Social Capital, has invested in several companies including Slack. He served in various roles during his four-year stint at Facebook, including Vice President of User Growth, Mobile and International at the conclusion of his tenure in June. He also advises investors to hold some bitcoin as part of their portfolio. Get the full list », To view Chamath Palihapitiya’s complete team members history, request access », You’re viewing 5 of 29 co-investors. Chamath Palihapitiya Is The Chairman of the Board of Virgin Galactic Holdings, Inc. (NYSE:SPCE) And They Just Sold 38% Of Their Shares Contributor Simply Wall St Simply Wall St Metromile, a pay per mile car insurance company, is also going public through the SPAC route by a reverse merger with SPAC INSU Acquisition Corp II. ; Palihapitiya is … Currently, Social Capital holds around 74 companies in its portfolio including Slack, Survey Monkey, and Hustle. Before starting Social Capital, he invested in companies like Bumptop, Playdom, Palantir, and Pure Storage. SPACs have been popular in 2020, especially among loss-making startup companies. He serves as Board Member at Groq. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Chamath Palihapitiya. He also advises investors to hold some bitcoin as part of their portfolio. He attended the University of Waterloo in Ontario, Canada, where he graduated First Class Honors in Electrical Engineering. Use the PitchBook Platform to explore the full profile. All rights reserved. The insurance industry is getting disrupted by fintech companies. Chamath Palihapitiya has followed investors of the popular WallStreetBets forum on Reddit and bought out-of-the-money call options on GameStop, … He serves as Chairman at Virgin Galactic. The so … Chamath Palihapitiya took Virgin Galactic public in 2019. Bitcoin has risen sharply in 2020 and looks on track to make a new all-time high and pass its previous record highs in December 2017. He is a well-known Bitcoin bull and proponent who’s outlined on multiple occasions that BTC is an important part of everyone’s investment portfolio. In September 2020, Social Capital announced that its SPAC Social Capital Hedosophia II would acquire Open Door, which is an online marketplace for buying and selling houses. What Will Happen to Berkshire Hathaway After Buffett? Thanks to the surge in the number of SPACs and the media coverage of them, Chamath Palihapitiya has become a familiar name among traders. He also held senior management positions at AOL (Vice President and GM of AIM and ICQ), Mayfield Fund (a venture capital firm in Silicon Valley), Winamp and Spinner.com (two internet music pioneers) prior to joining Facebook. PitchBook’s data visualizations quickly surface an investor’s historical investments—showing a breakdown of activity by industry, year and region. Chamath Palihapitiya, Silicon Valley mogul turned SPAC kingpin, wants to add a new title to his CV: governor of California. A resident of Palo Alto, Mr. Palihapitiya joined Facebook in 2007 and was a major force in the launch and incredible growth of the social media website, overseeing monetization products, Facebook Platform, managing the team responsible for its mobile products and, ultimately, helping increase the user base to more than 750 million individuals worldwide. Billionaire investor and venture capitalist Chamath Palihapitiya has been in the limelight due to his investments and SPACs (special purpose acquisition companies). He also serves as Chairman and Chief Executive Officer at Social Capital Hedosophia Holdings Corp II. Chamath Palihapitiya, a Sri Lankan native whose family received refugee status in Canada when he was a child, started as an outsider in the tech world. © Copyright 2021 Market Realist. Offers may be subject to change without notice. Chamath Palihapitiya founded his own fund Social+Capital Partnership in 2011 after he left Facebook. Mr. Chamath Palihapitiya is a Co-Founder and serves as the Chief Executive Officer at Social Capital. © 2021 PitchBook Data. Tesla also announced its insurance venture in 2019. About Chamath Palihapitiya: “My ambition is to be our generation’s Berkshire Hathaway. Over the past few years, Chamath Palihapitiya has solidified himself as the Warren Buffett of tech. The deal valued Open Door at $4.8 billion and the company received $1 billion as part of the transaction. Tech investor Chamath Palihapitiya said Tuesday he is dipping his toe into the frothy trading around video game retailer GameStop.. A flood of … Between 2011 and 2019, Social Capital has delivered a gross absolute return of 997 percent, which is more than three times the 325 percent returns from the S&P 500. Mr. Palihapitiya is a Co-Owner and serves as Executive Board Member at Golden State Warriors. Chamath Palihapitiya is one of the most prominent and successful venture capitalists in Silicon Valley. In mid-2018, Social Capital closed itself to outside investors and became a technology holding company. Chamath Palihapitiya, the CEO and founder of Social Capital, will be running for the seat of the next Governor of California. Hindenburg said SPAC King Chamath Palihapitiya misled investors about critical aspects of Clover’s business in the run-up to the company’s SPAC go-public transaction last month.