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  1. 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
  2. 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...

  3. Listen to the full interview 👉 https://fellow.app/supermanagers/david-sacks-craft-ventures-from-paypal-mafia-to-viral-startups/?utm_source=youtube&utm_mediu...

    • 6 min
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    • Fellow App: Meeting Productivity & Management Tips
  4. 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.

  5. 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 ...

  6. 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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  8. How did Sacks’ involvement impact PayPals 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.

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