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Task Description: ] # # CREATE-article# # - [SUMMARY][VIDEO][10:00] Chamath P:interview re:funding environment, socialcapitals strategy(hard things), TWTR, AMZN,

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Content: use HTML Edit Content <h1 style="text-align: center;">CREATE-article# #</h1> <h2>[previously]</h2> <ol> <li><strong>[2017-01-dd][00:00] NEW task IN ?</strong></li> <ol> <li>] # # - CREATE-article# #&nbsp;</li> </ol> <li><strong>[00:00] NEW article IN&nbsp;</strong></li> <ol> <li>] # # -&nbsp;</li> </ol></ol> <h2>[currently]</h2> <ol> <li><strong>[2017-01-15][13:00] NEW task</strong></li> <ol> <li>] &nbsp;@ c b insights conference - ]&nbsp;</li> <li>?[1:30]? doing HARD things - diabetes in sri lanka</li> <li>] exceptional returns - us(social capita) and benchmark</li> <li>] on lending companies, not tech company, about the cost of capital, will be different when interest rates are 4%, risk hurdle&nbsp;</li> <li>[1:40:] payments companies (suck) - when you make basis points, you need trillions, a trillion of anything is HARD</li> <li>] venture is asset class, money is just money, build your company the best way you know how, people who help you the most where you need it and get out of your way, venture can be counter productive, force you to build companies in a specific ways that can be counter productive to acheiving something substantial.</li> <li>] really important - now we need to do hard things, dominated by established players, established will face existentail crisis, investors are looking at us, &nbsp;</li> <li>] ex auto industry - building complex things, best thing is not to 'solve things themselves' find pools of people in SV and partner,&nbsp;</li> <li>] happens in private equity, not in venture, because vcs&nbsp;</li> <li>] corporate can find lonsdale, social capital, andreesen&nbsp;</li> <li>] ex - ford - autonomy problem, - repeate entrepeneur who made us a lot of money,&nbsp;</li> <li>] build software layer that sits on top of &nbsp;ades systems, ford got right to buy it&nbsp;</li> <li>[1:46] insurance company - huge balance sheet, what do they care about,&nbsp;</li> <li>[] &nbsp;most successful - funds that are not founder driven, outside of tech, most willing to listen to ideas, &nbsp;</li> <li>[1:50] team has people, who have helped build fb userbase to 1B, google infrastructure, instagram ad ranking algorithms</li> <li>] public company, shittily run, (?twtr), when ego overrides good decision making, has tech debt, maybe migrate to cloud, too many cheifs, not enough indians,&nbsp;</li> <li>] channel is crucial - needs to be a vibrant onging business, but it needs to fix itself</li> <li>[1:57] questions - 1] regulation - reality is that organizations exist for a reason,&nbsp;</li> <li>] &nbsp;ex tesla, google - ceo's ability to tell story that is ...</li> <li>2] &nbsp;too many small private tech companies that are NOT(?,?,?) durable like ( tesla, google, amazon, workday)</li> <li>3] - took a lot of flak in 2013/2014, sold all my fb stock(a lot), moved it into AMZN, it is the best, does something that is fundamentally utilitarian and does it better everyday. 2nd is GOOG, whatever happens in AI will be driven by them, they are an order of magnitude ahead of everyone else, TPU(custom ai asic), more data,&nbsp;</li> <li>]&nbsp;</li> </ol> <li><strong>[2017-01-15][13:00] NEW task</strong></li> <ol> <li>] bloomberg interview SRC =&nbsp;<a href="http://www.socialcapital.com/artifacts/" target="_blank">socialcapital</a>&nbsp;</li> <li>x] chamath-p:bloomberg interview on AMZN,TWTR, more SRC = SITE&nbsp;<a href="http://www.socialcapital.com/artifacts/" target="_blank">socialcapital</a>&nbsp;article&nbsp;</li> <li>] 04:00 - ] ?Q usual discussion about fundraising enviro, bubble?&nbsp;</li> <li>] softbank 100B fund (with saudis) , too much money?</li> <li>] R enviro is tilting towards entrepeneur, can buy cheap services(AWS) vs expensive HW, get access via linkedin/other channels, incubater</li> <li>] PRB with SB $ is many others will follow with more money</li> <li>] bad companies wont go out of business,&nbsp;</li> <li>] means 2 things for us, looking hard at hard stuff ] climate change ]&nbsp;</li> <li>] n+ consumer apps - follow snapchat, follow facebook, ...</li> <li>] ?Q TWTR acquistion, - no logic to buy them for industrial firms</li> <li>] should exist, likely taken private again, get it fixed, there are investors who will&nbsp;</li> <li>] ?Q AMZN - long on it, hedge fund is outperforming, functional utility, vs FB will be evolving arms race, v snapchat - defining way behaviour thats new + different, generally cant fast follow , snapchat dominant, will grow up</li> <li>] outside US (india) - opposite of whats happening in us, businesses need to stand test of time, funds allocated poorly,&nbsp;</li> </ol></ol> <h2>[next]</h2> <ol> <li>]</li> </ol>