0:00-2:00 Welcome everyone, we're here with angel investor and entrepreneur Chamath Palihapitiya. 2:00-4:00 Thank you to GoToMeeting for sponsoring the program. Everyone use the promo code "START" for a free 30-day trial. 4:00-4:45 How did you end up meeting Mark Zuckerberg and getting involved with Facebook? 4:45-6:30 How did you wind up at AOL? 6:30-10:00 Ram Shiram was the mentor to Larry and Sergei, correct? 10:00-10:45 What appealed to you about being a VC? 10:45-13:30 Is it a similar rush that you feel when you're playing a hand of poker? 13:30-14:45 Is it hard for you to say no as an angel investor? How do you do it? 14:45-17:45 What percentage of the time does someone fight you on your feedback? 17:45-19:30 What about when someone has been told they're good their whole life, and then you come in and tell them that they're not? 19:30-21:30 Did you know when you met Mark that he was destined for greatness? 21:30-22:45 Thank you to LiquidWeb for sponsoring the show! Everyone thank them @LiquidWeb! 22:45-24:45 How crucial was Sean Parker in the development of Facebook? 24:45-30:00 When you look back on the privacy errors that Facebook made, what do you think was the cause of them? 30:00-32:15 Bill Gates' legacy of philanthropy will exceed his legacy of Microsoft, won't it? 32:15-33:45 But your venture fund is not non-profit? 33:45-37:00 How big is your fund and what stage is it at? 37:00-41:30 So who did you go to to get involved in the fund? 41:30-44:30 What do you think about the market today? What do you think about the angel space? 44:30-45:30 And god forbid we have some type of terrorist attack that causes the markets to go haywire. What happens then? 45:30-48:15 So you're not jumping out of your seat to write a check for something like Pinterest? 48:15-54:30 Facebook does a good job of not interrupting the social flow. 54:30-56:30 Even if you were a die-hard capitalist, having people protesting outside of your townhouse, isn't that a good indication of the fact that something's wrong with the system? 56:30-57:45 What do your parents do? 57:45-1:01:15 How do they reconcile your tremendous success? 1:01:15-1:06:30 Chamath tells a story of a company that his fund invested in on the spot after seeing their setup. 1:06:30-1:07:15 Thank you to @GoToMeeting and @LiquidWeb for making this episode possible. 1:07:15-1:10:00 Why did you cut Jeremy Lin from the Warriors? 1:10:00-1:10:30 Chamath, thank you for joining us. We'll see you next time! Support This Week in Startups and independent media by joining the TWiST Producer Program at TwistList.co! Multilingual? Translate this episode of TWiST into another language and email the transcript to translate@thisweekin.com Keep up with the latest from our sister company, LAUNCH: LAUNCH Festival Hits $639k in Prize Money www.launch.co/blog/launch-festival-hits-639k-in-prize-money.html LAUNCH Hits $489K: A Slot at AngelPad and $100K Investment (If You Move to Vegas) www.launch.is/blog/launch-hits-489k-a-slot-at-angelpad-and-100k-investment-if-y.html The Two Most Important Startups in the World www.launch.is/blog/the-two-most-important-startups-in-the-world.html 10 International Startup Scholarships www.launch.is/blog/10-international-startup-scholarships.html DOUBLE Boom! LAUNCH Hits $369k in Prizes Thanks to MailChimp's $100k! www.launch.is/blog/double-boom-launch-hits-369k-in-prizes-thanks-to-mailchimps.html