![]() But a reading of The Founders makes clear that three men were central to the company’s success: Elon Musk, Peter Thiel, and Max Levchin. And there were, indeed, many people involved at the outset. So, after a fashion, diversity was a fact of life at PayPal. It’s true that a third of the people who worked for the company in its early years were women, and a majority of those in the most senior positions were foreign-born. Elsewhere, I’ve read there were 20 founders. The iconic 2007 photo in Fortune of the “PayPal mafia” includes 13 people, all men. The implication, of course, is that all eight were “founders.” By contrast, Wikipedia lists seven founders, all men. The cover of the Kindle edition of The Founders features cameo sketches of five men and three women. A company with many fathers (and mothers) That’s the story that emerges most vividly from the pages of Jimmy Soni’s “group biography” of the team, The Founders. What’s truly remarkable about PayPal, though, is the enormous impact its founders - the so-called PayPal mafia - have had in the years following their departure from the company. Apple, Microsoft, Google, and Facebook, not to mention Tencent and Alibaba in China, all dwarf PayPal on all the metrics used to measure success in Silicon Valley. Influencing Minds, Transforming Lives: The Power Of Pre-suasion With Dr.As tech companies go, PayPal is a piker compared to the bold-faced names of the industry.A Sneak Peek At The Future Of Autonomous Vehicles With Jeffrey Bleich And Innovating The Measurement Of Pain With Marko Höynälä.Jackson, Jawed Karim, PayPal, PayPal Mafia, Peter Thiel, Roelof Botha, YouTube Post navigation Diane hamilton, Jobs, Linkedin, News, Social media, Technology, Uncategorized by dianehamilton. Posted in Business, Career, Celebrities, Dr. Top Seven Ways for Entrepreneurs to Obtain Funding.Top 30 Links for the Successful Entrepreneur.Will the Poc Pack Become the PayPal Mafia of Digital Health?.What Created the PayPal Mafia of Successful Entrepreneurs?.Where are They Now? The PayPal Mafia is More Powerful than Ever.Reid Hoffman – was an Executive VP with PayPal before later creating Linkedin.įor a more complete list of the PayPal Mafia members and their accomplishments, click here.Premal Shah – was a product manager at PayPal and later founded.Jackson – wrote The PayPal Wars and became CEO of WND Books, Elon Musk – was forced out of PayPal but found success with Tesla Motors.Steve Chen and Jawed Karim (engineers for PayPal), and Chad Hurley (web designer) – founded YouTube.Roelof Botha – was the CFO for PayPal and invested in Youtube, Facebook, Xoom and other profitable ventures.David Sacks – was the COO for PayPal and later founded Yammer and Geni.Max Levchin – was the CTO for PayPal and continued with his success investing in Yelp, a company co-founded by Russel Simmons and Jeremy Stoppelman.Thiel urges young people to skip school and create companies instead. Investments in Facebook also helped to sky rocket his earnings. Peter Thiel – aka the “don” of the PayPal Mafia – was the founder of PayPal. ![]() To learn more about some of the individuals associated with the PayPal Mafia check out the following members and how their initial success led to other serial successes: As opposed to a typical entrepreneur, who will often come up with an idea, start the company, and then see it through and play an important role in the day to day functioning of the new company, a serial entrepreneur will often come up with the idea and get things started, but then give responsibility to someone else and move on to a new idea and a new venture.” These men are serial entrepreneurs or individuals who, “continuously come up with new ideas and starts new businesses. The entrepreneurs created PayPal before they set out to develop other multiple successful technology-based companies. The PayPal Mafia refers to a group of individuals who created multiple companies that created a frenzy of growth in the Silicon Valley.
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