2025 Annual Letter
2025 was, in some ways, a historic year for Social Capital. Numerically, we did well. Our portfolio took an important inflection upwards when NVIDIA licensed Groq for $20B. However it felt...
Social Capital Performance Summary To the supporters and friends of Social Capital: This is our eighth annual letter, in which we share our investments, our observations on the year, and our thinking on technology, markets, and the future. 2025 was, in some ways, a historic year for Social Capital. Numerically, we did well. At the end of the year, our portfolio took an important inflection upwards when NVIDIA licensed Groq for $20B. However, 2025 felt neither particularly successful nor unsuccessful for me in investment terms. Investment returns are a deeply lagging indicator, as is…
related reading
- 2024 Annual Letterchamath.substack.com
- 2023 Annual Letterchamath.substack.com
- 2022 Annual Letter - Chamath Palihapitiyachamath.substack.com
- 2022 Annual Letterchamath.substack.com
- 2025 letter | Dan Wangdanwang.co
- Reflections on 2025samuelalbanie.substack.com
- Power in the Age of Intelligencenotboring.co
- The Short Case for Nvidia Stock | YouTube Transcript Optimizeryoutubetranscriptoptimizer.com
- Q1 2025 State of Venture Updatealexkolicich.com
- Generative AI’s Act Two | Sequoia Capitalsequoiacap.com
- Nvidia and Groq, A Stinkily Brilliant Deal, Why This Deal Makes Sense – Stratechery by Ben Thompsonstratechery.com
- Dotcom on Steroidsgqg.com