Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Billionaire VC says that most companies will eventually pay an Amazon 'tax'

Eugene KimJan 21, 2016, 04:21 IST

Social Capital founder Chamath PalihapitiyaFlickr/Techcrunch

Chamath Palihapitiya is a famous startup investor who runs his own venture capital firm, Social Capital. He was an early Facebook employee, and is now estimated to be worth over $1 billion.

Because Palihapitiya is a VC, he gets to invest in a lot of different companies. But if he had to put his entire capital in a single company and hold it for the next 10 years, Palihapitiya knows where his money's going: Amazon.

NOW WATCH: 40 Macy's stores are closing - find out if yours is one of them and when the clearance sales start

Please enable Javascript to watch this video