VCs ‘living in a fantasy world’, Fed rate hikes ‘akin to cold water thrown in our faces’ says ‘SPAC King’ Chamath Palihapitiya
April 05, 2023 at 09:26 AM EDT
The erstwhile "SPAC King" Chamath Palihapitiya, the founder of Social Capital, said in an annual letter to investors that the Federal Reserve's interest-rate hikes over the past year have been "akin to getting cold water thrown in our faces."
