In the early 2000s, technology journalists noticed that a disproportionate amount of Silicon Valley’s great and good had all passed through one company at one time or another.
That company was PayPal, and its alumni, referred to as the ‘PayPal Mafia’ included some of technology’s defining names. Peter Thiel, who after founding PayPal, went on to create data analytics giant Palantir and Founders Fund, the VC firm with more than $6 billion under management and a portfolio that includes Airbnb, Lyft, Spotify, and Stripe.
Max Levchin, who was PayPal’s founder and CTO, went on to key roles at Yelp and Keynote, and Steve Chen, a former engineer at the company, went on to co-found YouTube. Roelof Botha, PayPal’s CFO became a partner at Sequoia Capital which invested in WhatsApp, Apple, Google, YouTube, Instagram, LinkedIn, and others resulting in a combined current public market value of $1.4 trillion – roughly equivalent to 22 percent of Nasdaq.
Then there’s Elon Musk, and
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