Pattern Breakers Keith Rabois: Key lessons from Peter Thiel, Reid Hoffman, and Jack Dorsey
4 snips
Feb 3, 2020 AI Snips
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PayPal's Near-Death Experiences
- PayPal had three CEOs in six months and a burn rate of $10M/month with only six weeks of cash left.
- Keith Rabois describes these as near-death experiences that happened almost daily.
Rabois and the Treasury Department
- Post 9/11, the Treasury Department's regulations threatened PayPal's business.
- Rabois convinced them to rewrite the regulations, potentially saving the company.
Hire Resourceful People
- Hire relentlessly resourceful people.
- These individuals find creative solutions to obstacles.