By editor on January 28, 2018 — 1 min read

Part of why I’m so open about this is I think it gives permission for other people to be honest. I grew up in a dysfunctional household on welfare. That compounded a bunch of shit in my life that was not great. We were very focused on money, it was a huge point of pressure and tension in the family. It created massive depression in my father.

There was some point along the way where I was like, “Is money really important, or not important?” I feel very lucky, because I don’t think if you asked my sisters, they got to the same place that I did. I ended up not coveting it, and I found it to be something that I could use to really empower myself to do the things that I wanted to do.

If you really empathize with the people that are working [at restaurants], I see people who are like me. Brown-skinned, working hard, creating these beautiful experiences. I can celebrate it by, I guess, giving a Yelp review. But you can’t buy food for your kids with a fucking Yelp review. I want to tip! It gives me so much joy. You get a four or five hundred dollar bill, and in some cases you tip five hundred bucks, or a thousand bucks. And you close it. And they’re expecting forty dollars.

They will come out to you, and it’s transformational. Little things like that mean a lot to people. To be anonymously generous is a great gift that I have the ability to do. (0:30)

Posted in: Money

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.