Palihapitiya warns California wealth tax will hit startup founders with $50 million bills despite having no liquid cash.
“This is not a not not really. I mean, these valuations happen all the time.”
Palihapitiya dismisses TVPI as bullshit metric, says only DPI matters citing Airtable transaction
“@PeterJ_Walker This is a stupid conversation because you’re highlighting the wrong metric. Only thing that matters is DPI. TVPI is bullshit. See today’s Airtable transaction as a reminder.”