The Alchemy of Money

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

Mar 25, 2022

01:13:24

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Highlights

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Episode notes

The U Two Product Is a Lightweight Mechanism for Imbedable Videos

04:39

Building a Team That Can Do That

02:34

The Challengers Come From All Various Directions

03:56

Introduction

3min

I've Done a Book About Collaborative Circles

5min

I'll Sit for Interviews With You

2min

How to Print Out Exta Compress Releases

2min

How Did You Even Get Started?

4min

The Staspras - A Novel About the Mafia

2min

Do You Know How to Get Ahead of the Dotcom Bust?

4min

The Culture of Intelligence and Intensity

3min

Paypat - Five Things You Have to Do to Just Reproduce This

2min

10.

Papal Product

3min

11.

What if You Forgot Your Pom Pilot at the Office?

4min

12.

Is There a Culture of Truth Searching and Debate?

3min

13.

The Debt Card Debt Debt Crisis

4min

14.

Is There a Culture of Backbiting?

3min

15.

The Challengers Come From All Various Directions

4min

16.

Mass Resignation Isn't a Good Idea

3min

17.

The Last Hedge in Papal Success

2min

18.

What's the Balance Between Risk and Growth?

5min

19.

What Do You Take From This Experience?

2min

20.

The U Two Product Is a Lightweight Mechanism for Imbedable Videos

5min

21.

Building a Team That Can Do That

3min

22.

Is There Something Culturally Different About the Recruitment Cess?

6min

23.

The Secret Sauces and Live Things

2min

“PayPal started off as a product with no use case. Then we had a use case but no business model. Then we had to build a sustainable business.” Amy Klement

I’m very excited to share my conversation with Jimmy Soni, the author The Founders: The Story of Paypal.

[00:01:00]: Introduction, how did Jimmy find the story and go about the research process?
[00:17:00]: Paypal’s unique team and recruiting.
[00:24:00]: Paypal’s journey of pivoting and iterating the product and business model.
[00:34:00]: Culture of truth-seeking and debate, workaholism, “Paypal PTSD.”
[00:42:00]: Paypal’s three leadership coups.
[00:49:00]: Risk-mitigation and timing were key to survival.
[00:57:00]: What were the lessons for the Paypal diaspora?
[01:061:00]: Culture of ownership and giving people a lot of responsibility quickly.