Silicon Valley investor Chamath Palihapitiya announces incubator for enterprise software startups
Chamath Palihapitiya announced on social media platform X, the launch of 8090, a new incubator fully funded by him, to help enterprise software startups get off the ground.
«Tell us what enterprise software you use and my team and I will build you an 80% feature complete version at a 90% discount,» his post read.
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Palihapitiya, who runs Silicon Valley-based venture fund Social Capital, further explained that 8090 will use artificial intelligence (AI) and offshoring to keep costs low and development times short. The incubator will also provide startups with access to a network of mentors and advisors.
Palihapitiya is a Canadian-American entrepreneur and venture capitalist, born in Sri Lanka. He was among the earliest employees of Facebook. The billionaire investor currently faces a number of lawsuits filed against him by investors burned by his push for special purpose acquisition companies (SPACs), or blank-cheque companies.
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He also cohosts the All-in podcast, with other Silicon Valley investors Jason Calacanis, David Sacks and David Friedberg. It has gained attention for several reasons, including controversial statements made by its hosts, including Palihapitiya.
The podcast has come under fire for hosting guests who have been involved in scandals or contentious behavior, such as Tucker Carlson. Palihapitiya also faced backlash for his remarks expressing doubts
