The VC Ponzi scheme theory. 

Chamath Palihapitiya is the founder of the uber-successful investment firm Social Capital, which has recently been in the news for some serious drama (google it if you’re curious). Chamath is interviewed here by Jason Calacanis and shares his controversial views on the inherent problem with the Silicon Valley fund model. Skip to 22nd minute if crunched for time. learn more

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