Fast Facts:
- Members: Reid Hoffman,Daniel Issen, David Sacks, Peter Thiel
The PayPal Mafia is a nickname for a group of early investors and developers who helped to start PayPal. The nickname was allegedly self-given. According to Fortune magazine, endeavors with PayPal Mafia involvement were worth $30 billion as of November, 2007.
Fast Facts:
November 26, 2007: First print mention of the term
Where: Fortune magazine
Members include: Reid Hoffman, Elon Musk, Daniel Issen, David Sacks, Peter Thiel, Max Levchin, Roelof Botha, Jeremy Stoppelman, Jawed Karim, Chad Hurley, Steve Chen, Premal Shah
Several "members" left on bad terms
Quotes:
Levchin on PayPal hiring policy: "He thinks like me, he's just as geeky, and he doesn't get laid very often. Great hire! We'll get along perfectly."
Botha: "The difference between Google and PayPal was that Google wanted to hire Ph.D.s, and PayPal wanted to hire the people who got into Ph.D. programs and dropped out."</note>
Paypal Mafia Members
Elon Musk
- Wikipedia: Elon Musk
David Sacks
- Wikipedia: David O. Sacks
Paypal Mafia Books, Images and Video
Amazon.com: The PayPal Wars: Battles with eBay, the Media, the Mafia, and the Rest of Planet Earth
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