MI273: The Incredible Story of PayPal w/ Jimmy Soni
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 23 May 2023
⏱️ 56 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.7 | What I heard from engineers who worked with him at X.com is always a version of the following. |
| 0:07.4 | And by the way, this happened multiple times. |
| 0:09.2 | They would say to me, you know, it was the hardest I've ever worked. |
| 0:12.8 | But part of what was inspiring is that the CEO was there at 2 o'clock in the morning working with us. |
| 0:18.8 | And it wasn't somebody that was just sort of a suit who came in and didn't know how to code. |
| 0:23.2 | Like we were solving engineering problems together. |
| 0:25.8 | And he was sleeping there all night. |
| 0:27.2 | And he was working just as hard. |
| 0:28.7 | And I think it's an important theme in his career, which is he'll put a lot of pressure on people, |
| 0:33.2 | but he will put more pressure on himself. |
| 0:38.6 | On today's episode, I sit down with author Jimmy Soni to discuss his book The Founders, |
| 0:44.8 | The Story of PayPal and Entrepreneurs who shaped Silicon Valley. |
| 0:48.4 | This team is made up of a lot of incredible individuals where almost all of them have |
| 0:54.0 | now gone on to found other |
| 0:55.7 | multi-billion dollar businesses after PayPal. For example, Elon Musk went on to found Tesla and |
| 1:01.6 | SpaceX. Peter Thiel went on to found Palantir. Reed Hoffman went on to found LinkedIn. Max |
| 1:06.9 | Levchen went on to found a firm. And the list goes on. In this episode, we recount the remarkable |
| 1:12.7 | 20-year story of PayPal, the many challenges they faced along the way, the unique culture at PayPal, |
| 1:19.3 | and the role all of these individuals played in PayPal's success. Jimmy shares some great stories |
| 1:24.9 | of the founders from their early days and shed some light on how they got to where they are today. |
| 1:30.9 | This was such a fun conversation and one that will give you the inside scoop on what it actually took to create the company we now know as PayPal, |
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