![]() Paypal mafia software#Ehrsam left in 2017 to set up investment firm Paradigm which invested in Compound, Uniswap, BlockFi, Chainalysis and crypto marketplace Zora.Īntonio Juliano, who worked as a software engineer at the exchange for just over a year, went on to launch decentralized trading platform dYdX, which is backed by Polychain Capital. In the last 12 months, Polychain has taken part in deals worth $250 million in the last 12 months.įred Ehrsam co-founded Coinbase alongside Brian Armstrong in 2012 after meeting in a Bitcoin subreddit forum. Wee’s company has invested in DFinity, Coinbase, Kik, Compound and Celo. Olaf Carlson-Wee, the first employee at Coinbase departed not long afterward to set up Polychain Capital, the crypto hedge fund in 2016. The crypto exchange’s former employees have gone on to found a whole range of different crypto projects. If the criteria is limited to one company, Coinbase comes the closest to emulating PayPal’s role as a kingmaker. That’s left many crypto watchers to ponder: Is there an equivalent company in crypto? Coinbase Mafia Then there’s Elon Musk, and we all know what he did next. Roelof Botha, PayPal’s CFO became a partner at Sequoia Capital which invested in WhatsApp, Apple, Google, YouTube, Instagram, LinkedIn, and others resulting in a combined current public market value of $1.4 trillion - roughly equivalent to 22 percent of Nasdaq. Max Levchin, who was PayPal’s founder and CTO, went on to key roles at Yelp and Keynote, and Steve Chen, a former engineer at the company, went on to co-found YouTube. Peter Thiel, who after founding PayPal, went on to create data analytics giant Palantir and Founders Fund, the VC firm with more than $6 billion under management and a portfolio that includes Airbnb, Lyft, Spotify, and Stripe. That company was PayPal, and its alumni, referred to as the ‘ PayPal Mafia’ included some of technology’s defining names. In the early 2000s, technology journalists noticed that a disproportionate amount of Silicon Valley’s great and good had all passed through one company at one time or another. However, the Ethereum Foundation has produced bigger projects.Coinbase is probably the closest when it comes to a direct comparison.Former PayPal employees have gone on to found several of technology's biggest companies. ![]()
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