Chamath Palihapitiya explains why SPAC’s are awesome
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- Опубліковано 9 січ 2021
- Interview date: June 2020.
Chamath Palihapitiya is a Sri Lankan-born Canadian-American venture capitalist and the founder and CEO of Social Capital.
Prior to the Social Capital Partnership, Palihapitiya was the longest tenured original member of Facebook's Senior Management team. He served in various roles during his four-year stint at Facebook, including Vice President of User Growth, Mobile and International at the conclusion of his tenure in June.
A resident of Palo Alto, Palihapitiya joined Facebook in 2007 and was a major force in the launch and incredible growth of the social media website, overseeing monetization products, Facebook Platform, managing the team responsible for its mobile products and, ultimately, helping increase the user base to more than 750 million individuals worldwide.
Palihapitiya also held senior management positions at AOL (Vice President and GM of AIM and ICQ), Mayfield Fund (a venture capital firm in Silicon Valley), Winamp and Spinner.com (two internet music pioneers) prior to joining Facebook.
He attended the University of Waterloo in Ontario, Canada, where he graduated First Class Honors in Electrical Engineering.
DISCLAIMER:
The material and information presented in this video is for entertainment, and general information purposes only.
You should not rely on any of the information presented as a basis for making any investment decisions.
You should consult with an attorney or other professional to determine what may be best for your individual circumstances.
Spacs are good for him (just the management team), for rest of spac investors it will be a raw deal.
You don't have any specifics. Real people are buying SPACs and gaining
@@dobfeldman5026 You will get the specifics in the CNBC Explains What is Spacs video.
@@dobfeldman5026 aren’t most spac companies below their ipo price ?
when i made that comment, prices were very different. warm wishes bob
They are awsome for him because he makes tons of free money off the mergers regardless of the SPACs performance.
Ty for your awesome work mr spac man.
I made 90% on your Sofi deal so far.
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SPACs arent new, they've just got a reboot with the market exorbitance with monetary support. Going public with a SPAC is less transparent, less protection for new public investors, and early investors gets the gravy while the rest become bag holders.
cciv!!!!!!!!
@@PhuPhillipTrinh yeah you're weeks late with that one. That's fallen on its arse hasn't it, price cut in half since it went public.
Another successful pump and dump, retail dicks didn't realise early investors could buy more stock and dilute newbies holdings lollll.... That's what you get with lack of disclosure.
What is not said here is that they get a substantial cut of the business as a "finder's fee" that then gets passed on to the common shareholders. Now, if they do a really good job negotiating the equity price you get for what you give the company then that is great, but people should just remember that not all SPACs are created equal
What’s your opinion on SoFi? IPOE?
Well what about the current IPO structure? Lol insiders get air bnb at 40 dollars and bring to retail at 100+ I’ll take that over fees lol
@@goldeneagle4217 But how you can buy IPO without being rich already?
👍
What about governance or does that not matter?
Next spac to watch IPOF
Right, right, right. Companies aren’t going public due to their ability to receive private financing, which in turn allows private investors to benefit and common investors to have less of an opportunity of benefitting. However, there’s still plenty of opportunity in the public markets for the common investors.
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I've been wondering about this. Brilliant. Thank you!
SRAC did good last year.
Are SPACS as well regulated/scrutinised as companies who go through IPO’s?
@Alrightthenlad That figures, from what I gather seems good for a flutter/speculation but long term I’ll likely steer clear, what’d u think of em?
I guess they are focusing on hedge funds that have more research capabilities and risk bearing ability than a common investor.
No. Which if enough shenanigans occur the government will jump in and regulate it to hell.
Probably goes the basics, good solid companys
On my point of view, besides investment , technology matters to bring new product to improve the humanity, customers easiness. And that's why entrepreneurs are present all over the world. And here SPAC makes a product where the cash needed startups can get money in lieu of lot of difficulties while in making red herring in there bourses.
If you don’t want to hold for long term spac “hypothetically speaking” Can you buy these SPACs for 10-11$ and sell them for 12-13$... or are these spacs buys locked and can’t be sold the next day for an average investor ?
You can buy and sell SPACs during trading hours with no special caveats I'm pretty sure.
Chamath is knowledgeable, but not on Crypto and Blockchain. Just saw a really recent video where he said Ethereum doesn't matter and he never heard of DeFi. DeFi was at the center of the industry in 2020 which makes me think he isnt up to date with crypto.
I feel like he knows and does not want others to get in yet. Nothing surprising at all here.
The company he is bringing public through a SPAC called SoFi is a direct competitor to the DeFi movement and he knows that, so he doesn't want attention on DeFi. I like Chamath, but DeFi will be competing with SoFi.
@@ajmalkhalil4968 Exactly! Raul Pal said it the best. He said something along the lines of... “If you think Bitcoin will be the only crypto to be valuable and all the other tokens are worthless, then you’re a fool and that gives me an advantage”. Chamath’s posture said it all in that video. His arms were crossed and his eyes wandered while he was asked important questions.
Spac is awesome if the right guy such as this guy doing it.
they are awesome
PUUUUMP
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Chamath also gets nice warrants that cannot redeemed for 5 years. In a high growth company, for chamath it allows essentially a leverage of of 1:100. Not bad too shabby is it?
would you please break down what you said, i do not have business background :) thanks bro
@@jj-bu6yb when you are sponsoring SPAC( which is what chamath does) he and his friends gets sponsor/private warrants in.addition to shares..which has better terms than the public warrants
@@xdude57 He is not getting any warrants with Clover.
@@xdude57 by warrants what do you mean? Thanks 🙏
Brilliant man
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More like a crook
Yes spac the way you can take companies with terrible fundamentals public without any regulation and charge rediculous fees. What a great guy ripping off the people for his own good😂😂
5:43 so much for blockchain decentralization.. mb some of those snarky know-it-all kind of hodlers can conduct civilized discussion regarding some potential risks around it as all good investors should do
SEC regulation (driven by wall st establishment) hinders the companies he’s talking about from going public tho.
Cryptocurrency /forex trading is a big chance to make money nowadays, if you can't see that at this point is time you learn more about it
Accurately spoken about
This could be the wisest word I've heard, you got my point
A friend that I referred to her from UK just received £9,055 profit after 14 days of trading.. Just jealous asf. Lol
Wow!that is huge how can I get here contact to make inquiries
Thanks for the contact I will reach out to them when I get home
Better make IPOE grow smh
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@@morninginvest3270 knock off Andrei Jikh
Buy Ccrc
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Wtf is with the anime chicks😭
Huh?
@@rickngo5 no idea but it’s annoying
I meant in the comments not the interviewer
The Top Performing Stock of 2021 will be "Lucid Motors" (They have a factory and deliver vehicles in Q2 . This is a 1000-1500% potential return stock with very low down side 20% down side at the current moment. Ticker CCIV is planing the merge with Lucid and eventually change the ticker symbol to LUCD or LUCI etc... CCIV is a special purpose aquisition company (Spac) that has 2 billion cash on its balance sheet for the sole purpose of buying a company and taking it public on the NYSE fast. Lucid motors has a veteran CEO that use to run dow chemical one of the worlds top 10 largest companies it is backed by unlimited funding of the saudi wealth fund when needed and it has propritary battery technology. There Lucid Air claims a travel range longer then any Tesla vehicle to date. The current stock price represents a 3Billion market cap which is nothing compared to NKLA Nikola with a 65 billion market cap (Nikola doesnt have a factory or production or any technoloy) Tesla 850 Billion market cap Nio 50 Billion market Cap Zpeng also 65 billion market cap... Lucid is easy argued at being much further along in the EV world then the majority of EV companies already listed on exchanges. sharees are currently $15 each under the ticker CCIV and name Churchhill Capital IV... once the merge is announced and approved and becomes "Lucid Motors" That stock price over night is $70-$100 per share.... within 12 moths as they raise capital cement their footprint maybe $200. So to all the people that say I wish I could of bought Tesla 4 years ago... well this is about as good as your chance gets to going back in time with very very low down side... the worst that can happen is that a merge doesnt get approved and CCIV still has 2 billion in cash and the stock is still worth $12-$13. So spread the word train is leaving.
www.bloomberg.com/news/articles/2021-01-11/lucid-motors-said-to-be-in-talks-to-list-via-michael-klein-spac
He’s making a fortune flipping companies.
People need to wise up and not follow this creep
Awesome but not for investors
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Are you going to call Johnson?? Lol
@@morninginvest3270 how is your mom doing, Johnson?
fraud