Startup Weekend OC: "Origins of the PayPal Mafia"

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Slides from my talk at Startup Weekend Orange County on Nov. 19, 2011 at Chapman University. This presentation looks at what was special about PayPal that allowed so many of its entrepreneurs to go on to create successful companies, and what lessons new entrepreneurs could take from PayPal's experiences.

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  • "I was a 22-year-old whippersnapper, and I remember firing off this e-mail that disagreed with the entire executive staff," says Yelp's Stoppelman. "I didn't get fired--I got a pat on the back."
  • 37 Signals blog: “The best software has a vision. The best software takes sides. When someone uses software, they're not just looking for features, they're looking for an approach. They're looking for a vision.”
  • Startup Weekend OC: "Origins of the PayPal Mafia"

    1. Origins of the PayPal Mafia Lessons from a Precarious Journey
    2. The Guy Talking at You Sorry for not one, but two shameless plugs:
    3. Another PayPal Alumni Success Story
    4. “PayPal Mafia” Companies
    5. The Secret of Success Reasons that PayPal Spun Off So Many Success Stories:  Good People, Good Culture  Solved a Big Problem  Endured Difficult Challenges  Prioritized Execution What Useful Lessons Can We Take Away?
    6. Good People, Good Culture “A” people hire “A” people; “B” people…you know Relied on networks for initial hires Employees were empowered Dissent was encouraged
    7. Solved a Big Problem  Vision: Revolutionize payments with an online currency  Strategy: Build a global, ubiquitous payment network  Tactics: Stack our new network on top of eBay’s existing network
    8. Endured Difficult Challenges Broken business model Tons of Competitors (Yahoo, Citibank, Bank One) A very hostile host platform (eBay) Foreign Mafia (Yes, really!) Regulators (Louisiana, Eliot Spitzer) Media (From awesome to evil) Ourselves (Scaling, Ops/CS, Website, TOU)
    9. Prioritized Execution Double Pivot: Platform (Palm to web) and Market (P2P to auction) Lean before Lean was Even a Thing Customer-Centric but Opinionated Viral Growth
    10. Key Lessons from PayPal Big Picture Vision, Short Term Focus Hire the A-team (duh!) Push decision-making down the org chart Even the winners have rocky roads Platform dependence is risky (Remember this slide. The rest were filler.)Source: “The PayPal Wars and its Lessons for Today’s Entrepreneurs” bySachin Rekhi (http://bit.ly/uiflOe)
    11. Thank You!www.caplinked.com@ericmjackson

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