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Nov 4, 2021 · As luck would have it, during his first year at McKinsey, his Stanford buddy Peter Thiel had an idea for a company called Confinity that would develop a way to beam money from one Palm Pilot to...
- Trevor Grant
Nov 16, 2019 · When David Sacks left PayPal, shortly after eBay paid $1.5bn (£1.2bn) for the company in 2002, the first thing he did was finance a movie. The result, 2005’s Thank You For Smoking, became a...
Listen to the full interview 👉 https://fellow.app/supermanagers/david-sacks-craft-ventures-from-paypal-mafia-to-viral-startups/?utm_source=youtube&utm_mediu...
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But what exactly did David Sacks do at PayPal, and what lessons can we, the next generation of founders, glean from his experience? From Management Consultant to Startup COO: David Sacks' PayPal Odyssey. Let me tell you, David Sacks' path to PayPal wasn't exactly conventional.
In October 2002, eBay acquired PayPal for $1.5 billion. [23] Sacks is a member of the so-called "PayPal Mafia", a group of founders and early employees of PayPal who went on to found a series of other successful technology companies. They are often credited with inspiring Web 2.0 and the re-emergence of consumer-focused Internet companies after ...
David Sacks earned approximately $40 million personally from PayPal‘s sale. The extraordinary wealth and experience gained working alongside PayPal‘s founders laid the foundation for Sacks‘ upcoming entrepreneurial ventures in the 2000s tech boom.
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How did Sacks’ involvement impact PayPal’s success? As Chief Operating Officer and Chief Product Officer, Sacks played a crucial role in PayPal’s growth and eventual acquisition by eBay. His strategic decisions and innovative ideas contributed to the company’s success.