emily: what is the myth of chamath palihapitiya, and what is the reality? amath: the reality is i am a deeply insecure person who got extraordinarily lucky. more lucky than i deserve. who is trying very hard to leave a reasonably positive legacy so that i feel like i did the right thing. i feel like there are way more people that are way more talented than me. i think the myth is that i'm aloof, i can be arrogant. i say what's on my mind. i guess at some level maybe all of those things are true, but the "me" that i know is just the same guy that feels like my parents gave up a lot. i feel like i should be really doing something important. emily: were you like this when you were young? has this evolved? have you become more courageous? chamath: alcohol is a great truth serum. money is a great amplifier of courage. what else do i have to be afraid of at this point? i have an obligation to do what i think is right, to help people, and build some things that are interesting. and frankly, to make more money, because if i can make more money, i will have a better

emily: chamath palihapitiya, early facebook employee, just said he thinks the facebook killer is goingo be built in two or three years. john: i do not think that is right. you really need a new platform to emerge. it is not obvious to me what the platform is. we are early on mobile. what is possible is that we are starting to internalize what it means to have a tiny supercomputer connected to the global internet in our pockets all the time. strapped to your wrist or whatever. it is not vr, ar, that will suddenly disrupt the market. something that looks like a toy for a little while. but i do not think the next two or three years will be when that happens. david: i am a big chamath fan, but he has been known to exaggerate at times. emily: can snapchat disrupt facebook? john: it is unlikely to displace facebook because it is not the same thing. they will be big companies for a long time. emily: you said twitter is a big mistake, that you did not invest. what do you think about twitter's future now? there is a lot of questions as to what their place in history will be. david: any time you

emily: chamath palihapitiya, social-capital partnership, early facebook employee, he just came out sayinge thinks the facebook killer is going to be built in the next two to three years. it's going to happen. john: i do not think that's right. i think you really need a new platform to emerge, and it's not obvious to me what that platform is. we're still relatively early on mobile. now, i think what's possible is that we're all starting to internalize what it means to have a tiny supercomputer connected to the global internet in our pockets all the time. all the time. or strapped to your wrist or whatever. emily: exactly. john: it's not vr, ar, that's suddenly going to go disrupt the markets. it's going to be something that looks like a toy for a little while. but i don't think the next two or three years is going to be exactly when that happens. david: i'm a big chamath fan, but he's also been known to exaggerate a little bit at times in his excitement. emily: can snapchat really disrupt facebook? john: i think it's unlikely to displace facebook because it's not the same thing. i think th