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It seems hard to leverage wealth made in the early days of the IT boom for power if you didn't gain that wealth back then in the first place.
by rebuilder 8y ago
It seems hard to leverage wealth made in the early days of the IT boom for power if you didn't gain that wealth back then in the first place.
- giancarlostoro 8y agoWhen was this IT boom exactly? Cause we got companies like Facebook (2004), Slack(2013), GitHub (2008 - now Microsoft, but that's a testament to their success), Atlassian (2002) and others who are still growing and expanding. Edit: Added years these companies were founded.
- rebuilder 8y agoPaypal - 1998.
- rjzzleep 8y agoThey're talking about PayPal mafia [1] in the article. So it's specifically about PayPal, Confinity and X.com. [1] https://en.wikipedia.org/wiki/PayPal_Mafia https://en.wikipedia.org/wiki/PayPal_Mafia [2] https://en.wikipedia.org/wiki/Confinity https://en.wikipedia.org/wiki/Confinity [3] https://en.wikipedia.org/wiki/X.com https://en.wikipedia.org/wiki/X.com
- giancarlostoro 8y ago"IT boom" sounds more generic though so I wasn't sure, I am not as familiar with the PayPal Mafia term till this article came about. I may of heard it briefly in the past and dismissed it. I was aware of some of those people running PayPal once upon a time, but I didn't really think too much about it.
- erikb 8y agoShortly after 2008 till around 2017 was when Silicon Valley, HN, and the start-up world in general surged heavily. Now I think most people agree it's behind it's ceiling point. (most != all) Of course before the first internet bubble also companies succeeded, but then when the bubble burst there was a dry phase.