Chamath Palihapitiya

VC has always been this high-touch, in-your-face-type business.

If you're trying to get to profitability by lowering costs as a startup, then you are in a very precarious and difficult position.

Valuable companies take decades to build.

I want children who can make eye contact. I want children who know how to resolve conflicts with their peers. I want children who understand the dynamics of interpersonal relationships that are physical and tactile. I do not want children that only know how to interface with the world through a screen.

I wasn't blessed with the natural ability to rein myself in.

We need to go after cancer, diabetes, climate change, the substantive problems of the world that, if were solved, would create immense wealth and opportunity that would cascade across countries.

I think what IBM is excellent at is using their sales and marketing infrastructure to convince people who have asymmetrically less knowledge to pay for something.

Facebook could have gone public whenever it wanted. We decided the right time was 2012. It could have easily been 2010 or 2014.

Not everybody is right all the time.

Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.

Here's the thing - if you want to do good things in the world, there's just only so much time that one can spend being glass half empty.

All these social media sites allow us to confuse truth and popularity. That has to be fixed. Because every normal citizen has a right to know what is factual versus what is amplified by good actors or bad actors.