The Canadian venture capitalist targeted Silicon Valley’s investment decisions in a series of tweets Sunday, urging founders and investment partners to be more thoughtful in taking on investments. “What if the LPs money was stolen by an autocratic leader?” he wrote. “What if their family made guns or alcohol or tobacco? What if they believe in Pro-Life vs Pro-Choice or No-Guns vs Ok-Guns?” (The Logic)
Talking point: Big Tech has been grappling with ethics, most prominently after the 2018 murder of journalist Jamal Khashoggi called into question the investments Saudi Arabia had made in U.S. tech. Palihapitiya has urged tech companies to choose between a “hear-no-evil-see-no-evil approach” or taking a stand on ethical issues. His tweets were spurred by a Wall Street Journal investigation into how the Mormon Church secretly built a US$100-billion investment portfolio—as large as SoftBank’s Vision Fund. He said startup founders should consider, “What systemic bias do you perpetuate?”