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    Home » Crypto News » Bitcoin Bull Chamath Palihapitiya’s Social Capital Will Fund Crypto Investors to Generate Returns for Them

    Bitcoin Bull Chamath Palihapitiya’s Social Capital Will Fund Crypto Investors to Generate Returns for Them

    Author: Jordan Lyanchev

    Last Updated Nov 12, 2020 @ 10:06

    Chamath Palihapitiya’s Social Capital will release a venture allowing the so-called Emerging Managers to invest in different financial assets, including cryptocurrencies.

    • The US-based venture capital firm Social Capital will launch a new program enabling investors from all backgrounds to employ the company’s resources to generate “outsized returns on an initial capital base of millions of dollars.”
    • SC’s founder and CEO, Chamath Palihapitiya, announced the new venture called Emerging Managers on Twitter. He highlighted several issues new investors could face when starting. Those include establishing a capital base without a track record, building an expensive infrastructure, finding partners, ad mastering the mental side of investing. 
    • The former Facebook executive pointed out that the Emerging Managers program will assist with the aforementioned problems. It will initially focus on US Public Equities. However, SC plans to expand its investment portfolio to include cryptocurrencies, worldwide public equities, venture capital, art, and more.

      We will initially focus on US Public Equities but over time will expand our Emerging Managers program to include:

      1. Worldwide Public Equities
      2. Crypto
      3. Venture Capital / Private Equity
      4. Trading Cards
      5. Art
      6. Lending/Debt
      7. Other (Shoes, Wine, Real Estate)

      — Chamath Palihapitiya (@chamath) November 10, 2020

    • Applicants have until December 15th to send a cover letter of up to three pages describing their “background, strategy, and approach to generating outsized returns trading US equities.”
    • Social Capital will choose ten managers to work for a minimum of three years. Trading will begin in Q1 2021.
    • It’s worth noting that Palihapitiya is among the most well-known Bitcoin supporters. He has previously admitted that his first BTC purchase came in the early 2010s and that Bitcoin is his best investment bet. 

    Featured Image Courtesy Of Medium

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    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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