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I think the fact that he started businesses in those fields is somewhat self explanatory. What's so special about paypal, other than it was there for the rise o
by boyaka 11y ago
I think the fact that he started businesses in those fields is somewhat self explanatory. What's so special about paypal, other than it was there for the rise of Internet 2.0 / ebay or whatever? Getting into coal and mobile phones before the past decade when both of these have exploded in growth is the same kind of thing.
- Jtsummers 11y agoCoal, at least, sounds like something that requires a great deal of upfront capital to establish. A business like Paypal, less so. The hard part for that is tying into payment systems, but that doesn't require a lot of upfront money, more a network effect. So the question remains, where did this initial capital come from?