Chamath Palihapitiya: Consumer Internet Businesses Are About Exploiting Psychology

Continuing the Stanford GSB series with Social Capital Founder & CEO Chamath Palihapitiya to discuss the "Fail Fast" culture in Silicon Valley. Chamath claims that while the "Fail Fast" culture works for consumer internet businesses, which are anchored around exploiting people's psychology, it doesn't work for hard core sciences that would make major impacts in this world. Hard core sciences take time to groom and capital markets don't typically reward that type of behavior. The question is: when things get hard, can you double down?

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