Money and Finance
Link to article: How the 'PayPal Mafia' redefined success in Silicon Valley
- Links
Last night, I finished watching the first two segments from the last 60 Minutes episode, on the sinking of the El Faro (LINK) and the Agromafia (LINK), and I thought both were interesting. Buffett Nears Buyback Threshold as Shares Extend...
- Links
I finally finished the audiobook of Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future over the weekend. I enjoyed it, and also want to point out Appendix 2 in the book, which was a short overview of Musk's thoughts about PayPal,...
- Links
James Montier: Shareholder Value Maximization: The World's Dumbest Idea? [Montier starts in the video around 5:30] (LINK) The Apollo Asia Fund's Q3 report (LINK) Hussman Weekly Market Comment: Fast, Furious and Prone to Failure (LINK) Jason...
- If You Want The Real Silicon Valley, Skip Bravo And Tune In To Pbs
It’s fair to say that without Intel founders Robert Noyce and Gordon Moore today’s Silicon Valley startups wouldn’t exist. The prosaic reason is because Intel churned out the first microprocessors, the building blocks of today’s computing found...
- This 28-year-old's Startup Is Moving $350 Million And Wants To Completely Kill Credit Cards
Found via the Corner of Berkshire & Fairfax. There's a tiny 12-person startup churning out of Des Moines, Iowa. Dwolla was founded by 28-year-old Ben Milne; it's an innovative online payment system that sidesteps credit cards completely....
Money and Finance
How the 'PayPal Mafia' redefined success in Silicon Valley
Link to article: How the 'PayPal Mafia' redefined success in Silicon Valley
The PayPal Mafia -- a term that's used with affection and awe in Silicon Valley -- is defined as the Mountain View PayPal team either pre-IPO or pre-acquisition, depending on which founding member you ask. While those may seem like vastly different stages in a company's life, it's more like splitting hairs as PayPal's IPO happened only a few months before it was acquired. Former PayPal CEO Peter Thiel estimates the PayPal Mafia to be around 220 people. The PayPal Mafia does not include 700 person customer service operation that was running in Omaha, Nebraska at the time.
That group of 220 people went on to create seven distinct "unicorn" companies. Unicorns are companies with a valuation of more than $1 billion.
- Links
Last night, I finished watching the first two segments from the last 60 Minutes episode, on the sinking of the El Faro (LINK) and the Agromafia (LINK), and I thought both were interesting. Buffett Nears Buyback Threshold as Shares Extend...
- Links
I finally finished the audiobook of Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future over the weekend. I enjoyed it, and also want to point out Appendix 2 in the book, which was a short overview of Musk's thoughts about PayPal,...
- Links
James Montier: Shareholder Value Maximization: The World's Dumbest Idea? [Montier starts in the video around 5:30] (LINK) The Apollo Asia Fund's Q3 report (LINK) Hussman Weekly Market Comment: Fast, Furious and Prone to Failure (LINK) Jason...
- If You Want The Real Silicon Valley, Skip Bravo And Tune In To Pbs
It’s fair to say that without Intel founders Robert Noyce and Gordon Moore today’s Silicon Valley startups wouldn’t exist. The prosaic reason is because Intel churned out the first microprocessors, the building blocks of today’s computing found...
- This 28-year-old's Startup Is Moving $350 Million And Wants To Completely Kill Credit Cards
Found via the Corner of Berkshire & Fairfax. There's a tiny 12-person startup churning out of Des Moines, Iowa. Dwolla was founded by 28-year-old Ben Milne; it's an innovative online payment system that sidesteps credit cards completely....