Home / Quotes / Quote by Chamath Palihapitiya

Quote by Chamath Palihapitiya

“If you're trying to get to profitability by lowering costs as a startup then you are in a very precarious and difficult position. You need to grow through profitability.”

Quote by Chamath Palihapitiya

Author

Chamath Palihapitiya

Chamath Palihapitiya is a renowned venture capitalist recognized for his significant investments in technology companies. As the co-founder of Social Capital, a venture capital firm specializing in seed and early-stage investments, he has been instrumental in backing several high-profile startups and tech companies. more

You May Also Like

“Startups should be, if you graph their financial performance, it should be what's called a J curve. You start out at zero, you're not making any money, you're not losing any money.”

Losing Financial

Author:Chamath Palihapitiya

“As you start the company, you start spending spending spending ahead of revenue but then you come out of it and very quickly you should become a company that spends less than it makes. And what I mean by very quickly, is that window of time should be in that 6 to 8 year time frame. And the reason is because if you build your business model correctly it's almost unavoidable.”

Mean Reason Window

Author:Chamath Palihapitiya

“I think the reality is that it's never been a better time to be an entrepreneur, it's never been a better time to work at a startup. You work at a really intellectually free environment, you get to work with people who are like-minded, it's very energetic. It's wonderful.”

People Thinking Reality Environment Wonderful Entrepreneur Energetic

Author:Chamath Palihapitiya

“It's OK, by the way, that it takes 10 years for you to make "money." Since when was it that being in your mid-30s to make a few hundred thousand dollars or a million dollars was like egregiously unfair? I think we have to have a sense of perspective here. We're all going to live into our 80s or 90s. So what is everybody in such a rush for?”

Thinking Perspective Making Money Unfair

Author:Chamath Palihapitiya

“What you should be in a rush for isn't necessarily the immediate monetary return, but it's to know that this equation existing between an employee and a company is being honored. What's the equation? I'm going to give you my most precious thing that I have - my time and my reputation. That's what the employee says. And the company says I'm going to take your time and your reputation and direct it at things that we believe collectively have a huge impact opportunity to do something extremely positive. And that positivity will get measured in impact and also economic upside.”

Giving Believe Opportunity Economic Direct Positivity Reputation Employee Honored Monetary Take Your Time

Author:Chamath Palihapitiya

“The point of Silicon Valley at least when I moved here was we're all trying to do stuff and none of us quite felt like we fit in anywhere else. But we were all trying to do good things. And the money was just the byproduct of good things. The idea that there's an obligation to have that thing happen in four years or five years or six years, I think we need to disavow that.”

Thinking Trying Fit Moved Good Things Things Happen Obligation

Author:Chamath Palihapitiya

“People should absolutely have a point of view about the political process themselves individually, but we're also at a point in the evolution of capitalism where any one individual's impacts are over estimated because there is enough regulation and guard rails. They may be odious and grotesque in what they say, but the practical day-to-day impacts from a policy perspective tend to be limited because the system made it so. That's why you see a lot of political apathy because people have internalized the inability for anyone either really really good or really really bad to do anything.”

People Enough Political Policy Perspective Evolution Capitalism Point Of View Apathy Rail

Author:Chamath Palihapitiya

“I would tell startups to just keep your head down, keep building. Your contingency plan, if you have one, should be because you are still spending more than you make and you still don't have a line of sight for that J curve. That is the most important contingency. Because otherwise you are betraying that equation to your cofounders, to your investors, to your employees and to your customers.”

Important Building Employee Investors Betray

Author:Chamath Palihapitiya

“Right now we have millions of people in our country who are suffering in isolation, thinking that they are the only ones who are dealing with drug addiction, who don't realize that on their own block there are other people and families. They think they're alone and they think they're going to be judged and they don't want to talk about it. But when people do come forward and share their stories it's incredibly liberating, and it gives other people permission to tell their stories too.”

People Thinking Giving Country Suffering Realizing Share Drug Addiction Block Isolation Judged Liberating Drug Addiction Drug Addict

Author:Vivek Murthy

“Drug addiction is an incredibly difficult challenge to manage on one's own. When I think of all the stories I've heard from people, the common denominator is that they all were ultimately able to find somebody who was willing to support them. Maybe it was someone they knew, like a parent or a sibling or a friend; other times it was a treatment center with a compassionate staff who didn't give up on them. That made all the difference.”

People Thinking Giving Parent Difficult Challenges Common Support Drug Giving Up Addiction Manage Compassionate Sibling Drug Addiction Drug Addict

Author:Vivek Murthy