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Chamath Palihapitiya on rebuilding Social Capital & Silicon Valley ponzi scheme
This Week in Startups
Chamath Palihapitiya talks with Jason Calacanis about how he bought into the mythology of Silicon Valley, which he calls a Ponzi scheme, and about rebuilding Social Capital. He urges founders to grow slowly and build what matters.
HN cites it for Chamath's claim that venture-backed growth resembles a Ponzi scheme, especially when startups spend heavily on big-tech advertising.
4 Hacker News mentions · 2018–2022