Everybody knows the name Mark Zuckerberg. The founder of Facebook has become a household name since his company became the largest social media giant in the world. But a name many are probably not familiar with is Chamath Palihapitiya, a Facebook millionaire who has branched out into the world of venture capitalism to position himself as what Business Insider calls “the Warren Buffet of tech investing.”
Palihapitiya ‘s company, Social Capital Hedosophia Holdings Corp. is something investors should be eyeing with great interest. Business Insider reports that “on Wednesday, Social Capital Hedosophia announced it had raised $600 million in its initial public offering, an increase from the $500 million the company originally filed for at the beginning of September. The shares were listed on the New York Stock Exchange on Wednesday at $10 and were up 3.5% in the first half of Thursday.”
Palihapitiya firm has the potential to become the Berkshire Hathaway of the tech world. By providing IPO assistance to companies that would otherwise remain private, the investor is positioning himself to dominate the startup world.
If you are interested in getting involved with tech companies, this is a tremendous opportunity.
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