So basically funds cannot advertise to poor people, or at all because poor people might hear. Those are the regulations in this country. To get around that (asi

So basically funds cannot advertise to poor people, or at all because poor people might hear. Those are the regulations in this country. To get around that (aside from using a different registration exemption), a person in the fund is elevated to mythical celebrity status and just talks about money topics a lot, while the fund self fulfills this person’s prophecies by throwing money at all problems (investments inside the company to make them profitable, whether the fund can liquidate at those prices or not) Chamath being Mr-Correct-and-influential-Money-Guy is only to be a self serving salesman Wealthy enough people hear about it and can buy into Social Capital as a limited partner. Or be a SPAC co-sponsor, or part investor in a new SPAC, or be part of the retail investing hoard that also provides liquidity. There is no other reason for him to talk at all. Riding and stoking the populist sentiment is only self serving. That doesn't mean he conned anyone (the grandparent post did not use that term), maybe ripped off but this aspect is no different than any other investment that you’re allowed to take risks on. There isnt anything special about Chamath, except that his niche involves pandering to “the little guy”.