Interesting Facts About PayPal Co-Founders
One of the worlds largest online payment companies PayPal had 13 co-founders who created billion dollar company. These all 13 co-founders are billionaires!
History
eBay bought PayPal in July 2002 for $1.5 billion. Generally, in startups, founders are not able to pay a high salary to their employees in the initial period.
Founders give their employees some stack of a company instead of giving them a high salary. That’s why there were 13 co-founders in PayPal and they became a millionaire overnight, however, the company was also a million dollar company at that time.
All these 13 co-founders of PayPal are called PayPal Mafia in the business industry.
Present
Some of them are now entrepreneurs and investors. Some of them are in the highest position such are CEO(Chief executive officer) and CFO(Chief Financial Officer).
List Of PayPal Mafia
- Elon Musk – Founder and CEO of Tesla, Co-founder of SpaceX and Solar-city
- Steve Chan – Co-Founder of Youtube
- Chad Hurley – Co-Founder of Youtube
- Jawed Karim – Co-founder of Youtube
- Yishan Wong – Later worked at Facebook and became CEO of Reddit
- Premal Shah – Became funding president of Kiva.org
- Russel Simmons – Co-founder of Yelp Inc.
- Jeremy Stoppelman – Co-founder of Yelp Inc.
- Jack Selby – Managing director of Grand-master Capital Management
- Dave McClure – Investor in more than 500 startups
- Reid Hoffman – Founder of LinkedIn
- Andrew McCormack – Co-founder of Vala ventures
- Eric M. Jackson – Became CEO of WND Books and Co-founder of CapLinked
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