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S2 E2: What Keith Rabois Looks For In Founders
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How Do We Solve the Fraud Problem at PayPal?
We basically make offers to what we call gmv qualified businesses. Somewhere between 15 and 25% of them like are interested in our offer Click accept I want to do this And once they accept that it's basically We have a very quick truncated diligence process But I say very quick Sub two weeks sometimes it's days so the diligence process was built from the ground up to be able to do one a day Yeah, but we built everything so that we could streamline the diligence process So we don't ask a lot of extraneous questions We we simplify to the things we only really need to verify then we can close as quickly as possible.
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