By editor on January 28, 2018 — 1 min read

There was never any competition, and now there is. Also, there was never supposed to be a guy like me with a couple billion dollars. That’s just not supposed to happen. Because that’s the last thing they want, is some loudmouthed kid with a lot of money who frankly is gonna build whatever he wants to build and enough, I’m not saying I have a lot, but enough, credibility to get enough critical people to get it past that existential product market-fit phase, which we are.

And then what happens is, all these investors who otherwise, they were not sure I was a cultural fit for, I wasn’t sure they were a cultural fit for, they all capitulate.

What’s the quote? It’s like, it was a Billy Beane quote, like, “We’re not hiring these guys for how they fill out their jeans, we’re hiring them for a bunch of statistical things.” I think now [the gut instinct] is more of a physiological bias of men.

There is just a need to act with bravado, especially when you have power. I think men treat power very differently, frankly, than women do. I think men have a very hierarchical way in which they impose power, so it’s hard power. I think they love the bravado of that idea of, “Oh, my gut told me.”

I do believe that your limbic system is very powerful. But the idea that they just knew it at the time — come on, it sounds cute. Nobody knew. (32:52)

Posted in: VC

Editor's Note

These are Chamath Palihapitiya's words. They are probably some of the best thoughts on VC, business, and life, but were scattered around the Internet. They live now in this archive.