Kamala surges, Trump at NABJ, recession fears, Middle East escalation, Ackman postpones IPO

4048.487 - 4071.17 Chamath Palihapitiya

But the holy grail for someone who runs those businesses is when they realize, well, listen, I get paid a great profit share from those funds when I'm successful. I'm also allowed to take a 2% per year management fee. But I believe I'm building equity. And can I get somebody else to recognize the fact that I'm building equity? And that's no different than a startup, right?