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Venture Capital

Social Capital Founder Gives His Account of Turmoil at Firm

For the past year, venture firm Social Capital has been decimated by high-level departures and investor complaints about the firm’s founder, Chamath Palihapitiya, and his unpredictable and unilateral decision making.

Now, in an exclusive interview in which Mr. Palihapitiya questioned the very nature of startup funding, he made clear he doesn’t care about investor complaints. “It doesn’t matter,” he said. And he revealed he plans to morph Social Capital into a $2 billion “technology holding company” that he’ll fund almost completely with his own fortune.

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