Annual Letters


Any opinions in the above are Social Capital's views only. None of the above is investment advice, a recommendation or an offer to sell or a solicitation of an offer to buy any securities relating to Social Capital. Such views are as of the date of such document only. “Social Capital,” “we,” “us” and “our” refer to a collective strategy developed by Chamath Palihapitiya, the founder and CEO of The Social+Capital Partnership, L.L.C. (“Social+Capital”), and used in connection with the SC GP/LP Funds and the Proprietary Capital. "SC GP/LP Funds” refers to the venture capital funds managed by Social+Capital. SC GP/LP Funds are not open to new investors. “Proprietary Capital” refers to investments made by Mr. Palihapitiya starting in 2019 through entities owned and controlled by him and related to the Social Capital strategy developed by him, other than those made through the SC GP/LP Funds. Proprietary Capital investments are made on an ongoing basis by Mr. Palihapitiya with cash on the balance sheet rather than commitments of limited partners. Social Capital, including Proprietary Capital, is not open to third party investors.