Chamath Palihapitiya: it could take three years for the market to “accurately” reprice late-stage cos

Former Facebook exec turned VC Chamath Palihapitiya has long been a controversial figure in the investing world. Both brilliant and combative, Palihapitiya came to be known most widely by ushering in the era of special purpose acquisition companies, or SPACs, beginning in the fall of 2019, when he helped Virgin Galactic become a publicly traded company through a SPAC he formed.
Palihapitiya went on to take five more companies public via SPACs before the boom ended abruptly last year, and while investors who followed him into some of his SPACs lost money — as did investors in many hundred

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