McNamee no longer invests in tech companies. “Philosophically, it wasn’t a good fit,” he says. In Facebook, he notes, one can clearly see the impact that certain philosophies have had on corporate culture. “The two most influential people on [Facebook’s] board of directors over the last seven to eight years have been Peter Thiel and Marc Andreessen, both of whom are brilliant men whose economic and political philosophy is deeply libertarian. So in a world where we already prioritize the individual over the collective and we take the Ayn Randian view that none of us are responsible for the downstream consequences of what we do, Mark was surrounded by people who were particularly deep believers in that philosophy, with no contrary voices.”
Roger McNamee shares his efforts to get Facebook to fix its business model, but has come to the realisation that the libertarian values prevent this.