Before he left to found a venture capital firm, Social+Capital,
He stopped by BI headquarters yesterday.
He told us that he'd give Facebook CEO Mark Zuckerberg an "A-/B+" for his performance since last year's IPO.
Palihapitiya said that he's worried Facebook is getting lost in incremental "feature creep" – and that it should be focusing on "ground-breaking new products."
He suggested Facebook should think about solving problems in healthcare, education, or maybe even bringing Bitcoin into the mainstream.
Watch the interview here: