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Adapting Episode 2: Sequoia’s Black Swan Memo (with Roelof Botha)
Acquired
What's the Quote About?
PayPal is changing its business model. How did you figure out that business model so quickly during that time at PayPal? Necessity is the mother of invention, I'm not only going to get it was that difficult as a payments company there were so many precedents of charging transaction based fees. We also had to figure out solutions to online fraud which took down many of our competitors and was a very expensive thing for us too.
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