1 year ago
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The Incredible Story of The PayPal Mafia



#PAYPAL HISTORY #ELON MUSK HISTORY #PETER THIEL #ELON MUSK PETER THIEL #Science & Technology
Patreon Page: https://www.patreon.com/neoscribe.
Like all great origin stories, The PayPal Mafia is an origin story that deserves to be told and retold..
From Social Media to the auto and aerospace industries, the impact of the PayPal Mafia is amazing, serving as the launching point for six members to become billionaires..
The story of PayPal actually begins with palm pilots.
If you are too young to remember these, Palm Pilots was a specific brand of a device called a personal digital assistant, or PDAs..
Before the smart phone era, PDAs were cutting edge handheld PCs with the ability to connect to the internet, they were truly awesome for the time and were getting popular by the late 1990โ€™s..
And it was in 1998, Peter Thiel and Max Levchin decided to develop technology to allow person to person payments via the use of PDAs, namely Palm Pilots.
You see, back in those days, sending money to someone was inconvenient compared to today. You were limited to cash or writing a check, and if you were far apart you would have to send it through the mail..
Over the years, credit and debit card infrastructure expanded but they were limited to merchants.
So, with Thiel and Levchinโ€™s idea, people could beam money from one another through an app on their palm pilots essentially creating a digital wallet.
Thiel graduated from Stanford and worked as a lawyer and former derivatives trader in New York before he moved back to SF to start a hedge fund..
Upon his return, Thiel delivered a guest lecture and thatโ€™s where he met Levchin..
Levchinโ€™s migrated from the Soviet Union to Chicago when he was 16 in 1991..
He went on to the University of Illinois where he studied to become a computer scientist..
After college, he founded an automated marketing software company called NetMeridian which he ended up selling to Microsoft..
Musk was a child prodigy from South Africa, he taught himself how to code around 10 years old and at 12 he developed a video game called Blastar and sold the code for $500 which is around $1300 today.
By February 1999, at the age of 27, he sold his first start up Zip2 to Compact for $307 which he received $22 million.
And a month later Musk and his friend and business partner Greg Kouri founded X.com, the first, online bank.
SOURCES, **Books, The PayPal Wars by Eric M. Jackson โ€“ World Ahead Publishing, Inc., Los Angeles, CA 2004
Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance, HarperCollins Publishers, New York, NY 2015
**Online, https://venturebeat.com/2012/10/27/ho....
https://mashable.com/2017/07/10/elon-....
https://www.mercurynews.com/2012/08/1....
http://www.notablebiographies.com/new....
https://nypost.com/2009/07/08/thiels-....
https://www.cnet.com/news/compaq-buys....
https://www.theverge.com/2015/6/9/875....
https://www.mercurynews.com/2009/10/2...
https://www.nytimes.com/2006/10/17/te....
http://money.cnn.com/2007/11/13/magaz....
https://www.forbes.com/2006/07/12/pay....
https://www.wired.com/2007/11/how-pay....
http://www.businessinsider.com/elon-m....
https://www.telegraph.co.uk/technolog... .
https://web.archive.org/web/201308291...
https://en.wikipedia.org/wiki/Palm_(PDA).
https://www.technobuffalo.com/2011/03....
https://techcrunch.com/2008/01/28/eba....
https://www.ecommercetimes.com/story/....
https://en.wikipedia.org/wiki/PayPal.
https://en.wikipedia.org/wiki/Max_Lev....
https://www.forbes.com/sites/edwindur....
https://www.haaretz.com/1.5094144.
https://www.nytimes.com/2007/10/28/bu....
https://techcrunch.com/2010/08/04/goo....
http://www.siliconbeat.com/2015/07/29....
https://en.wikipedia.org/wiki/Peter_T....
https://www.forbes.com/profile/peter-....
https://www.ft.com/content/8537d776-6....
https://www.ft.com/content/c2dcf2be-a...

#X.COM #MAX LEVCHIN #TECHNOLOGY #PAYPAL ORIGINS #EBAY #STORY OF PAYPAL #PETER THIEL PAYPAL #THE PAYPAL MAFIA #ELON MUSK #PAYPAL #PAYPAL MAFIA #EBAY HISTORY #DOCUMENTARY #YOUTUBE HISTORY #CONFINITY #MAXLEVCHIN PAYPAL

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In 2007 Fortune Magazine featured an article about the PayPal mafia.
ALL of the members dressed like mobsters for the photo shoot.
People need to stop getting butt hurt about the title of this video.

by NeoScribe 4 months ago

Insane how so many awesome companies were spawned by former PayPal employees.

by Chad Wild Clay 2 years ago

Came here to just say Elon in the thumbnail looks like the guy who lives underground in the movie Parasite.
Ok, bye.

by Tech Raj 8 months ago

After watching the whole video I realized one of the success keys of Elon and the gang... They were not wasting their time watching videos about other people's success!

by Alexey Zapparov 1 year ago

So someone gave them permission to work with money transfer YEAH RIGHT

by FES TV 4 months ago

I'm worth around 20 peanuts.

by AWAiS OG 1 year ago

I think I missed the part where "the mafia" does something illegal.

by chesshooligan 1 8 months ago

Contrary to popular belief, Elon Musk did not found Tesla. Martin Eberhard and Marc Tarpenning did.

by fixminer 1 year ago

cool as hell how the narrator managed to be drunk and still make it through this entire thing

by vase 1 year ago

After months of getting this video in my recommendations, I finally opened it. Are you happy now, YouTube?

by Salvatore S. 1 year ago

Did you notice how Elon had less hair when younger?

by gerloczyek 9 months ago

The best way to get rich and own a monopoly seems to be to have an interest in something the government wants an early interest in ie space, autonomous vehicles, digital money etc.

by Trevor Burton 5 months ago

Don't let these success stories put you down. You can never imagine how many people failed miserably in this .com world, but their stories are hardly ever told.

by Sixties Seventies 10 months ago

Waiting for "The Incredible Story of The Youtube Mafia".....

by van straten 1 month ago

It seems everybody that has had come in contact with Musk ends up a billionaire...

by Mr C 1 year ago

Anyone else get a weird but good feeling when he said 'YouTube' at

by BiopticRush 4 months ago

What we all really want to know is which company is responsible for Elon musk's hair and how much it is worth.

by Samuel Liotta 9 months ago

You forgot to tell the story of how Elon Musk screwed the original founders of Tesla.js

by GENJAX X14 5 months ago

Oh my god! - I could swear I heard the narrator saying that elon musk founded tesla.
lately because of the corona virus, Im starting to imaginating things I guess...

by dondon k 6 months ago

Mp3 Download

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