The Golden State Warriors announced on Wednesday the hiring of Chamath Palihapitiya, a Bay Area entrepreneur and original member of Facebook management, to become a part of the team's ownership group as an executive board member. The 34 year old Palihapitiya is a very successful venture capitalist with many successful online ventures, as well as the founder and current manager of The Social+Capital Partnership, a multi-multi million dollar venture capital fund that invests in healthcare, education, financial services and the internet.
Palihapitiya has been living in Palo Alto for years now, and aligned himself with Facebook in 2007. He played a big part in the growth of their company by overseeing monetization products, helping out with the Facebook Platform, managing their mobile products team and ultimately increasing the users to more than 750 million people across the globe. His experience and knowledge will be a great asset to Joe Lacob and Peter Guber as they attempt to resurrect he Warriors from obscurity back to the mainstream.
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