3min chapter

The Alchemy of Money cover image

Jimmy Soni, his book The Founders, and the many lessons of Paypal

The Alchemy of Money

CHAPTER

Mass Resignation Isn't a Good Idea

The book is a chronicle of the rise and fall of iReport.com, an app that lets users send text messages to other people's phones. The company was founded by ex-Googlers Peter Diamandis and Elan Horowitz in 2009. In two episodes there are threats of mass resignation leading to ouster of ac o a chief executive officer John Bresnahan. After finishing the book, it seems like these kinds of situations don't happen as much anymore.

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