Companies can outperform on return on capital employed, Chamath Palihapitiya notes

Companies can outperform on return on capital employed, Chamath Palihapitiya notes
8090 targets higher returns for firms

Chamath Palihapitiya, founder and CEO of Social Capital, highlights the potential of his venture 8090 to help companies achieve higher return on capital employed than their industry peers by leveraging software that encodes their unique advantages.

He emphasizes that moving away from relying solely on tribal knowledge, and instead embedding expertise into software, can drive recursive business improvement.

Earlier this year, Palihapitiya’s venture 8090 secured $135 million in Series A funding led by Salesforce Ventures and other investors. He has previously commented on labor and economic pressure points, claiming that actions taken by the SEIU-UHW union prompted job creators to leave California. The latest update on 8090 comes as the firm looks to apply software-driven strategies to business performance.

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