chamath palihapitiya 1

Billionaire venture capitalist Chamath Palihapitiya is modeling his Social Capital firm on Warren Buffett’s company.
“My ambition is to be our generation’s Berkshire Hathaway,” the Virgin Galactic chairman said in a recent Fortune interview.
Palihapitiya expects to take Social Capital public and build a tech conglomerate.
“It’ll be a Berkshire, a holding company that, instead of holding Gillette and Coca-Cola and McDonald’s, will hold technology businesses,” he said.
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Billionaire investor Chamath Palihapitiya wants to build his Social Capital firm into a tech-focused successor to Warren Buffett’s $400 billion conglomerate.

“My ambition is to be our generation’s Berkshire Hathaway,” the Virgin Galactic chairman said in a recent Fortune interview.

Palihapitiya ultimately expects to take Social Capital public, he said, and doesn’t envision it as a venture-capital firm.

“It’ll be a Berkshire, a holding company that, instead of holding Gillette and Coca-Cola and McDonald’s, will hold technology businesses,” he told Fortune.

Read More: Jefferies says buy these 14 cheap stocks that are financially strong and positioned for market-beating returns

Buffett’s Berkshire owns dozens of businesses including Geico, Duracell, and See’s Candies, and holds billion-dollar stakes in public companies such as Apple, Bank of America, and Coca-Cola. …read more


Source:: Businessinsider – Finance

      

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