What went wrong at Social Capital?

“Social Capital arrived in Silicon Valley seven years ago with a charismatic co-founder, former Facebook executive Chamath Palihapitiya who also owns a piece of the Golden State Warriors. It raised more than $1 billion and made early bets on companies like Slack.”

…and then it all went to shit. This Axios article tracks the implosion. (Sometimes I think by building a real company that actually has a real service and a customer base for 20 years was the wrong way to go. I should have just gone to Silicon Valley, blown smoke up everybody’s ass, and started a fund….)