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The Times Tech Podcast

Paypal's Dan Schulman: “The best way to win a fight is to avoid one”

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 4 September 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Dan Schulman, chief executive of Paypal, to talk about how the smartphone has changed everything (3:10), the evolution of Paypal (6:00), spending 24 hours as a homeless person (9:05), the wave of corporate 'wokeness' (13:40), how employee expectations have changed (17:20), how Covid has upended its (23:50), beating Sir Richard Branson at tennis (26:35), and why he does mixed martial arts (27:30).

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Transcript

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0:00.0

Yo! Technology. What is it all about?

0:04.5

Managing and moving money should be a right for every citizen, not just the privilege for the affluent.

0:11.5

And, you know, there's a saying that it's expensive to be poor.

0:16.5

And nowhere is that more true than in financial services.

0:25.6

Hello and welcome to Danny in the Valley, your weekly dispatch from behind the scenes and inside the minds of the top people in tech.

0:34.6

I am your host, Danny Fortson, coming to you live from my bedroom.

0:39.5

Hope you're all doing well. All is very much the same here, though I'm having a bit of a COVID moment.

0:45.7

My brother's in town with my two nieces. So we've all kind of set ourselves up in a remote

0:50.2

points dotted around the house. My nieces are back to school, quote unquote, which of course is all online.

0:56.7

So they're doing classes in the backyard or in the basement.

0:59.4

My brother's on the couch doing Zoom calls.

1:01.6

My wife's in the garage.

1:02.6

And I'm hold up here.

1:03.8

What a bizarre time we are living in.

1:06.7

To that point, this week's guest is right on the coal face of these massive changes that are happening out there.

1:15.0

So Dan Shulman is the chief executive of PayPal, which of course is one of the OGs from the first internet bubble founded by amongst other people, Peter Thiel and Elon Musk.

1:27.3

They're doing a few things.

1:29.1

Anyhow, it survived, obviously.

1:31.2

And about 60 years ago, it spun out from eBay, and Dan has been, he did that spin out,

1:37.2

has been running it since.

1:38.6

And the company's had just a kind of wild six months.

1:42.6

The stock has nearly tripled.

...

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