Chamath Palihapitiya

You take the WAC way up.

You take the WAC way up.

Used to be a 6% discounted weighted average cost of capital.

Used to be a 6% discounted weighted average cost of capital.

You know what?

You know what?

I'm taking you to 12 or 13.

I'm taking you to 12 or 13.

That's the market's way of saying, I'm now debating if these things will even exist.

That's the market's way of saying, I'm now debating if these things will even exist.

And so I need to give myself a huge buffer to own this stuff.

And so I need to give myself a huge buffer to own this stuff.

That's what's happening right now.

That's what's happening right now.

It has a lot of ripple effects that we can talk about.

It has a lot of ripple effects that we can talk about.

Freeberg and I have talked about this a lot.

Freeberg and I have talked about this a lot.

The most obvious impact is how these tech companies recruit and retain talent because the biggest thing that it starts to eat into are the cash flows of a business, which really directly tied to stock-based comp and all this other stuff.

The most obvious impact is how these tech companies recruit and retain talent because the biggest thing that it starts to eat into are the cash flows of a business, which really directly tied to stock-based comp and all this other stuff.