Founder Friday: The PayPal Mafia
We are sure you’ve heard of the PayPal Mafia, but do you know the 14 people credited as their original members?
Today’s Founder Friday focuses on the famous Silicon Valley mafioso and the companies and VC firms they created post-eBay acquisition. When you look at the companies they helped create, the number of tech giants they invested in, what they’ve done for countless startups, and the wealth they created, it is mind-blowing…
Peter Thiel
- Co-Founder & CEO
- Post-PayPal: Clarium Capital (hedge fund); co-founder of Palantir; investor in Facebook; founding partner of Founders Fund; co-founder of Valar Ventures; co-founder of Mithril Capital; partner with Y Combinator; established the Thiel Foundation (Breakout Labs and the Thiel Fellowship)
Max Levchin
- Co-Founder & CTO
- Post-PayPal: founder of Slide; investor in Yelp; board for Yahoo!; founder of HVF Labs; co-founder of Affirm; chairman of Glow
Elon Musk
- Co-Founder & CEO of X.com
- X.com merged with Confinity (founded in 1998 by Peter Thiel, Max Levchin, and Luke Nosek). Musk caused Thiel to resign; he was eventually fired as X.com’s CEO by the board, and Thiel again returned to X.com and eventually took its most popular service and turned it into PayPal. Musk was PayPal’s largest shareholder when eBay acquired it.
- Post-PayPal: founder of SpaceX; investor and chairman of Tesla (that’s right, he was not Tesla’s founder); founder of Starlink; investor in SolarCity; founder of OpenAI; co-founder of Neuralink; founder of The Boring Company; acquired Twitter; founder of the Musk Foundation
Kenny Howery
- Co-Founder & CFO
- Post-PayPal: stayed on with eBay; co-founder of Clarium Capital; co-founder of Founders Fund; US Ambassador to Sweden
Luke Nosek
- VP of Marketing & founding team member
- Post-PayPal: co-founder of Founders Fund; co-founder of Gigafund
Russel Simmons
- Sr. Software Engineer & founding team member
- Post-PayPal: CTO for MRL Ventures; co-founder of Yelp; founder of Learnivava
David Sacks
- COO
- Post-PayPal: producer of Thank You for Smoking; founder of Geni.com; founder of Yammer; investor in Zenefits; angel investor; co-founder of Craft Ventures
Jawed Karim
- Software Engineer
- Post-PayPal: co-founder of YouTube; co-founder of Youniversity Ventures (Y Ventures); investor in Airbnb
Jeremy Stoppelman
- VP of Technology
- Post-PayPal: co-founder of Yelp
Andrew McCormack
- Assistant to the CEO (Peter Thiel)
- Post-PayPal: operations at Clarium Capital; founder of Sprezzatura Restaurant Group; Principal at Thiel Capital; co-founder of Valar Ventures; Head of Singapore Innovation Hub for BIS
Premal Shah
- Product Manager
- Post-PayPal: co-founder of Kiva; President of Branch International; co-founder of renewables.org
Keith Rabois
- EVP, Business Development, Public Affairs, & Policy
- Post-PayPal: VP, Business & Corporate Development at LinkedIn; EVP, Strategy & Business Development at Slide; COO at Square; Managing Director at Khosla Ventures; General Partner at Founders Fund; co-founder of OpenStore
Reid Hoffman
- Board of Directors (and later COO)
- Post-PayPal: angel investor; co-founder of LinkedIn; Partner at Greylock; co-founder of Inflection AI
Roelof Botha
- Director of Corporate Development (and later CFO)
- Post-PayPal: Partner at Sequoia Capital
And the list of mafia members has grown since Fortune’s 2007 story and their PayPal Mafia photo (Musk was unable to attend the shoot back then). Some media now credit the group as having more than 20 members with such tech notables as…
- Scott Banister
- Steve Chen
- Chad Hurley
- Eric Jackson
- Jared Kopf
- Jack Selby
- Premal Shah
- Yishan Wong
- Dan Chan
- Jason Portnoy
- Dave McClure
Truly amazing that all of this came out of a single startup!
Sources
- The New York Times: It Pays to Have Pals in Silicon Valley
- Fortune: The PayPal Mafia
- Business Insider: Meet The PayPal Mafia, The Richest Group of Men in Silicon Valley
- Fleximize: Ventures of the PayPal Mafia
- Wikipedia: PayPal Mafia; Peter Thiel; Ken Howery; Elon Musk; David O. Sacks; Jawed Karim; Jeremy Stoppelman;
- Levchin.com (and make sure to check out Levchin’s collection of early PayPal photos)
- LinkedIn: Luke Nosek; Russel Simmons; Premal Shah; Reid Hoffman; Keith Rabois ; Roelof Botha
- History-Computer: Andrew McCormack
*Image Source: Fortune – The PayPal Mafia