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How the PayPal mafia took over Silicon Valley. 🔒Remove your personal information from the web at https://JoinDeleteMe.com/NEWSTHINK and use code NEWSTHINK for 20% off 🙌
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I highly recommend Jimmy Soni’s book: The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley: https://a.co/d/0zF1nzr

Chapters:
0:00 The PayPal Connection
0:17 Max Levchin Escapes the USSR
1:09 Meeting Peter Thiel
3:22 Elon Musk’s Early Hustle
4:37 The Birth of X.com
5:58 PayPal vs. X.com: The War Begins
7:11 The Reluctant Merger
8:20 Musk is Fired
9:20 Fight Against Fraud
9:54 Going Public
11:07 Today’s Sponsor: DeleteMe

Newsthink is produced and presented by Cindy Pom
https://x.com/cindypom

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Sources:

Image of Max Levchin: By TechCrunch, CC BY 2.0 via Wikimedia CommonsImage of Peter Thiel: TechCrunch50-2008, CC BY 2.0 via Wikimedia Commons
Trading room: By Raiffeisenverband Salzburg reg. Gen. m. b. H., Schwarzstr. 13-15, 5024 Salzburg - Raiffeisenverband Salzburg reg. Gen. m. b. H., Schwarzstr. 13-15, 5024 Salzburg (transferred from de:Image:RVS Handelsraum.jpg), CC BY 2.0 via Wikimedia Commons
Cubberley Auditorium at Stanford: BrokenSphere, CC BY-SA 3.0 via Wikimedia Commons
CryptoCard security token: Brian Ronald, CC BY-SA 4.0 via Wikimedia Commons
Palm Pilot 5000: BarsMonster on YouTube, Creative Commons Attribution license (reuse allowed):    • Palm Pilot 5000 - graffiti writing speed test  
Elon Musk 2008 images: OnInnovation CC by ND-2.0 via Flickr https://www.flickr.com/photos/oninnov...
David Sacks image: By Robert Scoble from Half Moon Bay, California, USA - https://www.flickr.com/photos/scoblei..., CC BY 2.0 via Wikimedia Commons
Wall Street: CC BY-SA 3.0 via Wikimedia Commons
Image of Peter Thiel: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 via Wikimedia Commons
New York Stock Exchange: By TomasEE, CC BY 3.0 via Wikimedia Commons
eBay building in San Jose: Coolcaesar, CC BY-SA 3.0 via Wikimedia Commons
PayPal building in San Jose: By Sagar Savla - Own work, CC BY-SA 3.0 via Wikimedia Commons