Google is a monopoly -- but that's a good thing.
Prospects "are horrible" for any travel brands relying on
Google. And large tech companies, starting with Facebook, are going to be
Those are just three of the provocative opinions shared by
Social Capital CEO Chamath Palihapitiya in a broad-ranging interview with
Altimeter Capital CEO Brad Gerstner at the Phocuswright Conference.
Last month, Palihapitaya took a step into a frontier of
travel -- space tourism -- with an investment in Richard Branson’s Virgin
Galactic of $700 million from his special-purpose acquisition company Social
Capital Hedosophia and another $100 million of his own money.
PhocusWire at Phocuswright
coverage of the Phocuswright Conference is on our sister
Palihapitiya now owns 49% of the newly public company and
serves as chairman.
During the nearly 40-minute discussion with Gerstner,
Palihapitiya shared his thoughts on why "the clock is running out" for Google
to find its second act, why innovation has vanished in recent decades and why
there is an urgent need to "define ambitious goals for the human race."
Prior to his onstage interview, Palihapitiya sat down in the
PhocusWire Studio to discuss why he's so bullish on space tourism, how travel
has to be a force for good and the fundamentals behind investing and wealth.