JOURNAL ARTICLE

The PayPal Mafia still rules Silicon Valley.

  • Published In: Fortune.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Oreskovic, Alexei 3 of 3

Abstract

The article focuses on the influence and legacy of the PayPal Mafia, a group of former PayPal employees who have significantly impacted the tech industry. Coined in a 2007 Fortune article, the term describes a network of successful entrepreneurs and investors, including notable figures like Peter Thiel and Reid Hoffman, who have launched various successful ventures such as LinkedIn and SpaceX after PayPal's acquisition by eBay in 2002. The article highlights their collaborative relationships and political engagements, noting conflicts among members regarding political donations and support for different causes. Additionally, it mentions that a movie about the PayPal Mafia is in development, with rights held by former employees. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2024/07, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:178557678
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