Liz Gannes

Recent Posts by Liz Gannes

From Poke Button to Poker Winner: Former Facebook Exec Takes 101st at WSOP

Chamath Palihapitiya, the Facebook VP who newly turned VC, finished in 101st place at the World Series of Poker in Las Vegas this weekend, much to his Silicon Valley brethren’s excitement. Palihapitiya won $54,851 — or in VC terms, 5x his investment.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work