X.com vs Confinity: Competing Visions

Jimmy describes how X.com and Confinity each pursued different payment visions and began competing on eBay.

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Episode notes

Rebecca Hotsko engages in a conversation with Jimmy Soni, focusing on his book titled "The Founders." This captivating book explores the rise of PayPal and the influential entrepreneurs who were instrumental in shaping the landscape of Silicon Valley. Jimmy Soni's work takes readers on an extraordinary two-decade journey of PayPal, uncovering its origins and presenting fascinating anecdotes about the key figures involved.

Jimmy Soni, an award-winning author, has garnered acclaim for his latest book, "The Founders: The Story of PayPal and the Entrepreneurs Who Shaped Silicon Valley." As a debut best-seller, it has received praise from renowned publications such as the Wall Street Journal, The New York Times, The New Yorker, The Economist, and many others.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:26 - The incredible story of how PayPal got started.

06:08 - Who is the PayPal mafia?

10:40 - Max Levchin and Peter Thiel story, and their role in PayPal.

29:19 - The role Elon Musk played in PayPal and stories from his early start up days running Zip2, and X.com.

38:21 - How the merger of Cofinity and X.com happened and why?

42:11- The hurdles the company faced along the way and lessons learned.

45:33 - The unique culture at PayPal.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Check out: Jimmysoni.com.
Get Jimmy’s book: The Founders: The Story of PayPal and the Entrepreneurs Who Shaped Silicon Valley.
Related Episode: Listen to MI230: Buffett Indicator Says Market Is Overvalued w/ Lance Roberts. or watch the video.

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