Words matter. These are the best PayPal Quotes from famous people such as Max Levchin, Bing Gordon, Alfred Lin, Steve Jurvetson, Ryan Holmes, and they’re great for sharing with your friends.
Technology has come a long way since PayPal.
The Internet Treasure companies tend to go public rather than get acquired, although there are clear exceptions, like Instagram, YouTube, Skype and PayPal.
I wanted to be a venture capitalist and join Sequoia Capital. They’ve financed and helped built some really special and enormously successful companies, including Google, Yahoo, Paypal, YouTube, Cisco, Oracle, Apple, and also Zappos.
Elon Musk is an incredibly prolific entrepreneur, having come up with, or been at the founding team of Tesla, SpaceX, SolarCity, PayPal, all different industries that seem to have nothing to do with each other.
I often talk about the PayPal mafia out of San Francisco, people that were in PayPal and got out of PayPal and continue to reinvest in other start-ups and create a huge pay-it-forward type of network there.
One thing I would like to see in Vancouver and Canada is something similar to the PayPal mafia. They were all early employees of PayPal. They all had monster exits with PayPal, and they were able to take their winnings and form a syndicate that co-invests.
Ten Internets ago, when PayPal was started, it was all these tools that no one had built yet to bring commerce to the Internet. My first startup used PayPal.
My life has become extremely hard. I am banned on Twitter. I’m banned on Uber. I’m banned on Lyft. I’m banned on Venmo. I’m banned on GoFundMe. I’m banned on PayPal. I’m banned on Uber Eats. I can’t even order a sandwich.
We’re trying to make our software available to users in as economically efficient a way as possible. That means distributing the software directly to them; taking payment through Mastercard, Visa, Paypal, and other options; and not having a store take 30 percent.
After PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPal’s original vision to create ‘the new world currency.’
With PayPal, you have to send people over to their website… whereas with Stripe, we offer a way to integrate payments into the website, on the website or into a mobile app. That is what all the best businesses care about, so we make it very easy, very fast, very simple and very cheap to do this.
My personal experience with companies in the PayPal ecosystem taught me that a superb engineering culture is indispensable to building a winning business.
For merchants, it is an amazing opportunity. Compared to Paypal, crypto has no credit card fees, no charge backs, no ‘Oops, we decided to hold your cash for 3-12 months while we investigate something we can’t disclose.’
We had grown too fast at PayPal. Our operating expenses had grown too fast… Growth covers a lot of sin. We want to grow without sin.
If I had known how hard it would be to do something new, particularly in the payments industry, I would never have started PayPal. That’s why nobody with long experience in banking had done it. You needed to be naive enough to think that new things could be done.
For me, the international expansion of eBay was the best idea. We are now in 35 countries, and have a huge global network. The second best one was the acquisition of PayPal – the wallet on eBay.
We’re really thinking how do we re-imagine PayPal almost as a service. PayPal as a SaaS platform.
What we want to do to monetize Venmo is to add more and more capabilities. Anywhere you see a PayPal merchant, you can click on that button and actually use your Venmo account to check out at that merchant. Then we’ll monetize that transaction exactly the same way we monetize a PayPal transaction.
Elon Musk with PayPal revolutionized banking.
As CEO, I believe my most important job is to both define reality and inspire hope for the PayPal team. Defining reality includes being realistic about all the things that could go wrong so that we are prepared to navigate those challenges.
I think if you look at the commonalities between eBay, PayPal and OpenTable, all three are businesses that built a network in a vertical. Network effect businesses are very attractive businesses.
PayPal is a strong business: it has a strong balance sheet and free cash flows, and it will help us take a look at where we want to independently invest.
If you allowed PayPal to pursue its destiny, there are moves it could make to become the largest financial company in the world.
You can’t get married to any one particular plan. That is the biggest lesson I learned at PayPal.
Technologies like PayPal foster competition because they enable people to shift their funds from one jurisdiction to another, and I think that ultimately will lead to a world in which there’s less government power and therefore more individual control.