DOCSLIB.ORG

PAYPAL MAFIA: the MILLENNIUM’S MOST INFLUENTIAL TECHIES? IBM, Microsoft and Apple Were All Launched in the Last Century

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PAYPAL MAFIA: the MILLENNIUM’S MOST INFLUENTIAL TECHIES? IBM, Microsoft and Apple Were All Launched in the Last Century MIRROR PAYPAL MAFIA: THE MILLENNIUM’S MOST INFLUENTIAL TECHIES? IBM, Microsoft and Apple were all launched in the last century. When you look at companies launched in the new millennium, then the influence of the so-called Paypal Mafia (who even have a Wikipedia page named after them) cannot be denied Sunil Rajguru [email protected] aypal was launched as Connity in 1998. It was merged with X.com in 2000. It was renamed Paypal in 2001. In 2002, it came out with an IPOP and was acquired by eBay. The events of 2002 made half a dozen Paypal billionaires and many millionaires. They went on to be probably the most inuential group in Silicon Valley in the new millennium. A look at what those founders and employees achieved… Elon Musk: The most famous of them all. He co-founded Internet city guide Zip2, which was acquired by Compaq for $307 million in 1999. Then he launched X.com, which merged with Connity and became Paypal. Musk exited Paypal as a billionaire and then really started going. He launched SpaceX Clarium Capital and Partner in Founders Fund. In 2004 which became the rst really aordable private space he invested half a million dollars in Facebook to take agency. SpaceX came out with Falcon Heavy, which a 10.2% stake and made another billion o it (after is the most powerful rocket in the world. That is Paypal) and he is still a director there today. He was also launching the Starlink satellites, which will give also a partner with Y Combinator. Internet service across the world. 1000+ have been Reid Homan: Another Paypal billionaire, he launched and tens of thousands are planned (There was the COO at that time and went on to co-found are less than 10,000 satellites currently up in space). LinkedIn. He was the Executive Chairman there and Then Tesla probably became the rst Smart Car is now a partner with VC Greylock Partners. Homan manufacturer and Musk became the man who made also invested in Facebook, Flickr, Friendster, Zynga, electric vehicles sexy. Tesla could rule the world Digg and Technorati. of connected and driverless cars of tomorrow. In Chad Hurley, Steve Chen & Jawed Karim: These conjunction with that he launched SolarCity and led a former Paypal employees formed YouTube in 2005 revolution in batteries for both cars and otherwise. which was acquired by Google for $1.65 billion. Today Musk has great plans for tomorrow too. There’s it’s the number one video site and second in Alexa his Boring Company and Hyperloop projects. With global rankings (only behind Google Search). Neuralink he wants to merge the human brain and The others: David O. Sacks founded Geni.com Articial Intelligence and he’s also launched OpenAI and Yammer. Jared Kopf co-founded Slide, HomeRun to ensure that AI is benecial to the human race. and NextRoll. Eric M. Jackson co-founded CapLinked. Peter Thiel: Called the Don of the Paypal maa, he Andrew McCormack co-founded Valar Ventures. was Paypal CEO when it was acquired by eBay. He is Roelof Botha became a partner in Sequoia Capital. Chairman of Palantir and Valar Ventures, President of Ken Howery. Yishan Wong became CEO of Reddit. pcquest.com twitter.com/pcquest facebook.com/pcquest linkd.in/pcquest [email protected] OCTO BER 2020 PCQUEST 33.
Load more

Recommended publications
  • Innovation and Change During a Global Pandemic INTRODUCTION
    THE LAUDER GLOBAL BUSINESS INSIGHT REPORT | 2021 Innovation and Change During a Global Pandemic INTRODUCTION THE LAUDER GLOBAL BUSINESS INSIGHT REPORT 2021 Innovation and Change During a Global Pandemic The global coronavirus pandemic has left nothing unchanged. From the mundane activities of daily life to the lofty, long-term goals of governments, the outbreak has altered plans for everyone and everything in its path. The students at the Joseph H. Lauder Institute for Management & International Studies have not been immune to the disruption. For years, this report has been the result of months of work from students who immerse themselves in an intensive course in their program of concentration, then follow up with field study that takes them to various parts of the world. But the pandemic halted travel and pushed classes online. And the students, much like the nations and people they studied, learned to rise to the challenge. Without the option of field study, the students conducted interviews via phone and video with experts and sources who described what they could not witness for themselves. Without a physical classroom, they used every digital tool available to collaborate on their articles, learning to work together in the new normal created by the disease. Their efforts reflect a microcosm that is being repeated in grand scale around the world. Across Latin America, entrepreneurs quickly realized that the seismic shift to online shopping during the pandemic presented unique opportunities to grow their businesses. In India, the economic devastation wrought by the pandemic is reshaping the automotive and public transportation industries in the world’s second-most populous nation.
    [Show full text]
  • THE TRUTH CAN CATCH the LIE: the FLAWED UNDERSTANDING of ONLINE SPEECH in INRE Anonymous ONLINE SPEAKERS Musetta Durkeet
    THE TRUTH CAN CATCH THE LIE: THE FLAWED UNDERSTANDING OF ONLINE SPEECH IN INRE ANoNYMous ONLINE SPEAKERS Musetta Durkeet In the early years of the Internet, many cases seeking disclosure of anonymous online speakers involved large companies seeking to unveil identities of anonymous posters criticizing the companies on online financial message boards.' In such situations, Internet service providers (ISPs)-or, less often, online service providers (OSPs)2-- disclosed individually- identifying information, often without providing defendants notice of this disclosure,' and judges showed hostility towards defendants' motions to quash.4 Often these subpoenas were issued by parties alleging various civil causes of action, including defamation and tortious interference with business contracts.s These cases occurred in a time when courts and the general public alike pictured the Internet as a wild west-like "frontier society,"' devoid of governing norms, where anonymous personalities ran C 2011 Musetta Durkee. t J.D. Candidate, 2012, University of California, Berkeley School of Law. 1. Lyrissa Barnett Lidsky, Anonymity in Cyberspace: What Can We LearnfromJohn Doe?, 50 B.C. L. REv. 1373, 1373-74 (2009). 2. As will be discussed below, there has been some conflation of two separate services that allow users to access the Internet, on the one hand, and engage in various activities, speech, and communication, on the other. Most basically, this Note distinguishes between Internet Service Providers (JSPs) and Online Service Providers (OSPs) in order to separate those services and companies involved with providing subscribers access to the infrastructure of the Internet (ISPs, and their subscribers) and those services and companies involved with providing users with online applications, services, platforms, and spaces on the Internet (OSPs and their users).
    [Show full text]
  • (?U Postal Rate and Fee Changes, 2000 ) Docket No. R2000-1 ANSWER
    RECEIVED UNITED STATES OF AMERICA Before The JUL I 9 14 !tH “(?U Postal Rate and Fee Changes, 2000 ) Docket No. R2000-1 ANSWERS OF THE OFFICE OF THE CONSUMER ADVOCATE TO INTERROGATORIES OF UNITED STATES POSTAL SERVICE WITNESS: SHERYDA C. COLLINS (USPSIOGA-T8-24-27) (July 7, 2000) The Office of the Consumer Advocate hereby submits the answers of Sheryda C. Collins to interrogatories of United States Postal Service, dated June 23, 2000. Each interrogatory is stated verbatim and is followed by the response. Respectfully submitted, OFFICE OF THE CONSUMER ADVOCATE ,I I # TED P. GERARDEN ” Director Office of the Consumer Advocate SHELLEY DREIFUSS Attorney 1333 H Street, N.W. Washington, DC. 20268-0001 (202) 789-6859; Fax (202) 789-6819 ANSWERS OF OCA WITNESS SHERYDA C. COLLINS TO INTERROGATORIES USPSIOCA-T8-24-27 USPSIOCA-T8-24 Please refer to your response to USPSIOCA-T8-9, and the web sites you reference in that response. Confirm that the following table provides an accurate summary of fees charged for the purchase of $130 and $700 of money orders from various Internet sources. If you cannot confirm, please provide the necessary corrections. $130 Money Order $700 Money Order Number Total Number Total Name Required Fees Required Fees moneyordernowcom 1 $2.99 2 $ 5.98 BidPay.com 1 $7.93 2 $25.75 sendmoneyordercom Unbounce-able Internet Check Beginner 3 $9.67 14 $48.86 Power User 2 $8.18 7 $38.43 Super User 1 $6.69 3 $32.47 Money Orders Beginner 6 $25.44 28 $118.72 Power User 3 $16.47 14 $76.86 Super User 2 $13.48 10 $67.40 RESPONSE TO USPSIOCA-T8-24.
    [Show full text]
  • Tech Titans Pledge $1 Bn for Artificial Intelligence Research 12 December 2015
    Tech titans pledge $1 bn for artificial intelligence research 12 December 2015 The OpenAI funders "have committed $1 billion, although we expect to only spend a tiny fraction of this in the next few years." Artificial intelligence is a red-hot field of research and investment for many tech companies and entrepreneurs. However leading scientists and tech investors, including Musk, have publicly expressed concern over the risks that artificial intelligence could pose to humanity if mismanaged, such as the potential emergence of "Terminator"-type killer robots. "We believe AI should be an extension of individual human wills and, in the spirit of liberty, as broadly Elon Musk, CEO of US automotive and energy storage and evenly distributed as is possible safely," read company Tesla, presents his outlook on climate change at the Paris-Sorbonne University in Paris on December the statement, co-signed by the group's research 2, 2015 director Ilya Sutskever. "The outcome of this venture is uncertain and the work is difficult, but we believe the goal and the Several big-name Silicon Valley figures have structure are right." pledged $1 billion to support a non-profit firm that on Friday said it would focus on the "positive Because of the "surprising history" of artificial human impact" of artificial intelligence. intelligence, "it's hard to predict when human-level AI might come within reach. Backers of the OpenAI research group include Tesla and SpaceX entrepreneur Elon Musk, Y "When it does, it'll be important to have a leading Combinator's Sam Altman, LinkedIn co-founder research institution which can prioritize a good Reid Hoffman, and PayPal cofounder Peter Thiel.
    [Show full text]
  • The Mont Pelerin Society
    A SPECIAL MEETING THE MONT PELERIN SOCIETY JANUARY 15–17, 2020 FROM THE PAST TO THE FUTURE: IDEAS AND ACTIONS FOR A FREE SOCIETY CHAPTER FORTY-ONE CHINA, GLOBALIZATION, CAPITALISM, SILICON VALLEY, POLITICAL CORRECTNESS, AND EXCEPTIONALISM PETER THIEL & PETER ROBINSON HOOVER INSTITUTION • STANFORD UNIVERSITY 1 1 China, Globalization, Capitalism, Silicon Valley, Political Correctness, and Exceptionalism A Conversation Between Peter Theil and Peter Robinson January 17, 2020 Peter Robinson: The late economist and foreign policy analyst Hoover fellow Henry Rowen writing in 1996, quote, "When will China become a democracy? "The answer is around the year 2015. "This prediction is based on China's steady "and impressive economic growth, "which in turn fits the pattern of the way in which freedom "has grown in Asia and elsewhere in the World." Worked in South Korea, worked in Taiwan. Economic growth leads to democracy. In China, what went wrong? Peter Thiel: Well, Peter, this is always a set up for me to start by both flattering you and criticizing you a little bit, since there was that very famous Reagan speech you gave, that you wrote for Reagan, where it was, you know, tear down that wall, Mr. Gorbachev, and it was very effective. But it was perhaps, it was not only in the West that we learned lessons from it, the Chinese communists also paid very careful attention to it, and they learned that you had to have perestroika without glasnost. You had to get rid of the Marxism without getting rid of the Leninism, and they learned somehow the very opposite lessons of that fateful year 1989.
    [Show full text]
  • Social Media Why You Should Care What Is Social Media? Social Network
    Social Media Why You Should Care IST 331 - Olivier Georgeon, Frank Ritter 31 oct 15 • eMarketer (2007) estimated by 2011 one-half Examples of all Internet users will use social networking • Facebook regulary. • YouTube • By 2015, 75% use • Myspace • Twitter • Del.icio.us • Digg • Etc… 2 What is Social Media? Social Network • Social Network • Online communities of people who share • User Generated Content (UGC) interests and activities, • Social Bookmarking • … or who are interested in exploring the interests and activities of others. • Examples: Facebook, MySpace, LinkedIn, Orkut • Falls to analysis with tools in Ch. 9 3 4 User Generated Content (UGC) Social Bookmarking • A method for Internet users to store, organize, search, • or Consumer Generated Media (CGM) and manage bookmarks of web pages on the Internet with the help of metadata. • Based on communities; • Defined: Media content that is publicly – The more people who bookmark a piece of content, the more available and produced by end-users (user). value it is determined to have. • Examples: Digg, Del.icio.us, StumbleUpon, and reddit….and now combinations • Usually supported by a social network • Examples: Blogs, Micro-blogs, YouTube video, Flickr photos, Wiki content, Facebook wall posts, reddit, Second Life… 5 6 Social Media Principles Generate an activity stream • Automatic • Who you are – Google History, Google Analytics – Personalization • Blog • Who you know • Micro-blog – Browse network – Twitter, yammer, identi.ca • What you do • Mailing groups – Generate an activity stream
    [Show full text]
  • What Tech's Survivalist Billionaires Should Be
    WHAT TECH’S SURVIVALIST BILLIONAIRES SHOULD BE DOING INSTEAD COULD AMAZON'S JEFF BEZOS, THE WORLD'S SECOND RICHEST MAN, BE HUMANITY'S LAST HOPE? By IMD Professor Howard Yu IMD Chemin de Bellerive 23 PO Box 915, CH-1001 Lausanne Switzerland Tel: +41 21 618 01 11 Fax: +41 21 618 07 07 [email protected] www.imd.org Copyright © 2006-2017 IMD - International Institute for Management Development. All rights, including copyright, pertaining to the content of this website/publication/document are owned or controlled for these purposes by IMD, except when expressly stated otherwise. None of the materials provided on/in this website/publication/document may be used, reproduced or transmitted, in whole or in part, in any form or by any means, electronic or mechanical, including photocopying, recording or the use of any information storage and retrieval system, without permission in writing from IMD. To request such permission and for further inquiries, please contact IMD at [email protected]. Where it is stated that copyright to any part of the IMD website/publication/document is held by a third party, requests for permission to copy, modify, translate, publish or otherwise make available such part must be addressed directly to the third party concerned. WHAT TECH’S SURVIVALIST BILLIONAIRES SHOULD BE DOING INSTEAD | Could Amazon's Jeff Bezos, the world's second richest man, be humanity's last hope? Amazon’s CEO, Jeff Bezos, recently passed Warren Buffett to become the world’s second-richest person, behind only Bill Gates. And on Wednesday, Bezos revealed that he has been selling about $1 billion in Amazon.com AMZN +1.41% stock a year to fund space travel, with the commitment of flying paying customers as soon as 2018.
    [Show full text]
  • The Rise & Role of Venture Studios in Healthcare Innovation
    The Rise & Role of Venture Studios in Healthcare Innovation Session # 195, August 12, 2021 Le s Wilkins on Chief Operating Officer, Hashed Health DISCLAIMER: The views and opinions expressed in this presentation are solely those of the author/presenter and do not necessarily represent any policy or position of HIMSS. 1 Welcome Le s Wilkins on Chief Operating Officer, Hashed Health #HIMSS21 2 Conflict of Interest Les Wilkinson, COO, Hashed Health Has no real or apparent conflicts of interest to report. #HIMSS21 3 Agenda • Current State of Innovation. • Studios are innovating innovation. • Studio value proposition. • Studio characteristics and structure. • Studio results. #HIMSS21 4 Learning Objectives – By the end of this session, the audience will be able to: • State common reasons healthcare startups fail and how new innovation models can de-risk the innovation process. • Describe traditional corporate innovation challenges in her/his own words. • Design a venture studio process for moving ideas to commercialization. • Apply the principles of a venture studio process to their own innovation efforts. • Identify how to differentiate between accelerators, incubators, corporate innovation programs and new venture studio models. • Recognize whether a venture studio model could be a fit for their organization. #HIMSS21 5 Startup Mythology The Garage 6 Startup Reality >90% 75% 1% Percentage of Venture Backed Startup Failure Rate Companies that NEVER Return Cash Odds of achieving Unicorn Status to Investors Source: Startup Genome, 2019 Source: CBInsights Report Source: Failory #HIMSS21 7 No Market Need Ran Out of Cash Poor User Experience Why Not the Right Team Startups Fail Pricing and COGS Competition Source: CBInsights #HIMSS21 8 Innovation is a Priority for Enterprise .
    [Show full text]
  • Transcript of the Highlights of Elon Musk's
    Powered by What do electric cars have in common with life on Mars? One man — Elon Musk. This multitalented inventor founded SpaceX, a company that develops and manufactures space vehicles, and Tesla Motors, which produces 100% electricity-powered luxury roadsters. How does one person balance diverse interests and manage successful endeavors in space technology, sustainable energy and the Internet? From his early days teaching himself to program computers, learn how Elon Musk has worked to improve the quality of life for everyone through technology. Powered by Elon Musk - www.OnInnovation.com In Thomas Edison’s Menlo Park complex, the machine shop served as a bridge between two worlds. One was a world of practicality — advancing the creation of Edison’s most commercially successful inventions. The other, a world of experimentation — exploring what was possible. A similar integration of experiment and practicality exists in Hawthorne, California, at a company known as SpaceX. Its business is developing rockets that place commercial satellites in orbit. But SpaceX has broader ambitions: creating technologically astounding rockets that, at some point in the future, could carry manned missions to Mars. At the helm of SpaceX is, an individual who came to prominence in the creation of PayPal . who is Chairman and CEO of the electric sports car manufacturer Tesla Motors . and who has a passion for doing things others only dream about. Bottom:The second floor of Thomas Edison’s Menlo Park Laboratory (lower right) in Greenfield Village served as the center of the experimental process. New ideas and solutions were developed and tested here. Edison inventions and patent models (left) were displayed in the laboratory as a reminder of Edison’s ingenuity.
    [Show full text]
  • SATURN PARTNERS LIMITED PARTNERSHIP III a Delaware Limited Partnership
    Fourth Amended and Restated Confidential Private Placement Memorandum SATURN PARTNERS LIMITED PARTNERSHIP III A Delaware Limited Partnership PRIVATE PLACEMENT OF LIMITED PARTNERSHIP INTERESTS A venture capital fund that will source and lead investments focusing primarily on software and information technology, with secondary focus on specialty energy, biotechnology and advanced materials. The fund may also invest in follow-on investments in certain Saturn Affiliate portfolio companies and special opportunities that are believed to have potential for significant growth. The purchase of a limited partnership interest in Saturn Partners Limited Partnership III involves a high degree of risk. See “RISK FACTORS” in this Memorandum. September 1, 2012 Name of Offeree: Memorandum No.: A/75186653.1 THIS FOURTH AMENDED AND RESTATED PRIVATE PLACEMENT MEMORANDUM (THIS “MEMORANDUM”) AMENDS AND RESTATES THE THIRD AMENDED AND RESTATED PRIVATE PLACEMENT MEMORANDUM DATED SEPTEMBER 1, 2011, THE SECOND AMENDED AND RESTATED PRIVATE PLACEMENT MEMORANDUM DATED DECEMBER 1, 2010, THE AMENDED AND RESTATED PRIVATE PLACEMENT MEMORANDUM DATED AUGUST 1, 2010 AND THE PRIVATE PLACEMENT MEMORANDUM DATED JUNE 1, 2010, AND HAS NOT BEEN FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION NOR HAS SUCH COMMISSION OR ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY DETERMINED WHETHER IT IS ACCURATE OR COMPLETE, OR PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THIS MEMORANDUM DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY, A SECURITY IN ANY JURISDICTION IN WHICH IT IS UNLAWFUL TO MAKE SUCH AN OFFER OR TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH AN OFFER OR SOLICITATION IN SUCH JURISDICTION.
    [Show full text]
  • 1 This Is a Pre-Production Postprint of the Manuscript Published in Final Form As Emily K. Crandall, Rachel H. Brown, and John M
    Magicians of the Twenty-first Century: Enchantment, Domination, and the Politics of Work in Silicon Valley Item Type Article Authors Crandall, Emily K.; Brown, Rachel H.; McMahon, John Citation Crandall, Emily K., Rachel H. Brown, and John McMahon. 2021. “Magicians of the Twenty-First Century: Enchantment, Domination, and the Politics of Work in Silicon Valley.” Theory & Event 24(3): 841–73. https://muse.jhu.edu/article/797952 (July 28, 2021). DOI 10.1353/tae.2021.0045 Publisher Project Muse Download date 27/09/2021 11:51:24 Link to Item http://hdl.handle.net/20.500.12648/1921 This is a pre-production postprint of the manuscript published in final form as Emily K. Crandall, Rachel H. Brown, and John McMahon, “Magicians of the Twenty-first Century: Enchantment, Domination, and the Politics of Work in Silicon Valley,” Theory & Event 24 (3): 841-873. Magicians of the Twenty-first Century: Enchantment, Domination, and the Politics of Work in Silicon Valley Emily K. Crandall, Rachel H. Brown, John McMahon Abstract What is the political theorist to make of self-characterizations of Silicon Valley as the beacon of civilization-saving innovation? Through an analysis of “tech bro” masculinity and the closely related discourses of tech icons Elon Musk and Peter Thiel, we argue that undergirding Silicon Valley’s technological utopia is an exploitative work ethic revamped for the industry's innovative ethos. On the one hand, Silicon Valley hypothetically offers a creative response to what Max Weber describes as the disenchantment of the modern world. Simultaneously, it depoliticizes the actual work necessary for these dreams to be realized, mystifying its modes of domination.
    [Show full text]
  • Open Kuehn Dissertation Final Draft.Pdf
    The Pennsylvania State University The Graduate School College of Communications PROSUMER-CITIZENSHIP AND THE LOCAL: A CRITICAL CASE STUDY OF CONSUMER REVIEWING ON YELP.COM A Dissertation in Mass Communications by Kathleen M. Kuehn © 2011 Kathleen M. Kuehn Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy August 2011 The dissertation of Kathleen Kuehn was reviewed and approved* by the following: Patrick Parsons Professor of Telecommunications Dissertation Adviser Chair of Committee Michael Elavsky Assistant Professor of Film/Media Studies Matthew P. McAllister Professor of Film/Media Studies Michelle Miller-Day Associate Professor of Communication Arts and Sciences Marie Hardin Associate Professor of Journalism Associate Dean for Graduate Studies and Research *Signatures are on file in the Graduate School. ii ABSTRACT Over the past few years, content developers searching for new markets have found a potentially lucrative consumer base in local and location-based services as new media platforms have begun to “expand” their focus to hyper-local place-based communities. This shift to “local 2.0” has given birth to “local listing sites,” an emerging social medium that converges the content of traditional Yellow Pages, consumer-generated content and the interactive features of social network sites. Such sites harness the productive power of “prosumers,” the hybrid subjectivity of new media users who simultaneously produce and consume online content (Tapscott & Williams, 2006). These sites capitalize on the productivity of users who create discourses through and about local consumption by voluntarily rating and reviewing local businesses and services, challenging the power of institutions traditionally responsible for the production of consumer culture and reputation management (e.g., local business owners, marketers, advertisers, professional critics).
    [Show full text]