SAN FRANCISCO (KRON) -- A tech CEO had some deflating advice for young people looking for work-life balance. Speaking at the Economic Club of Chicago last month, Alex Karp, co-founder and CEO of Palantir, told the audience that young people need to make a choice between having a social life or being successful.

"I've never met someone really successful who had a great social life at 20," Karp told the audience. "If that's what you want, that's what you want, that's great, but you're not going to be successful and don't blame anyone else."

Karp, 57, co-founded Palantir with Peter Thiel, and is worth $16.8 billion, according to the Bloomberg Billionaire Index. Headquartered in Denver, Colorado, Palantir provides artificial intelligence-backed tech for corporate, government and military use

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