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The "Paypal Mafia" people all got <$50mm payouts. That's part of why they advocate for higher founder ownership--so the folks they fund (or work with) won't mak
by byrneseyeview 16y ago
The "Paypal Mafia" people all got <$50mm payouts. That's part of why they advocate for higher founder ownership--so the folks they fund (or work with) won't make the same mistake.
And the cashing-out environment has completely changed. It's harder to go public, but easier to cash out without going public. It's tough to get anything out of the comparison, other than "Boy, things have changed!"
- deleted 16y ago[deleted]
- marcamillion 16y agoYeh that musta sucked. But, it goes to show you the quality of the people that came out of that - in terms of follow-on things they have done. Don't need to rehash them here, but I think it is safe to say that they all walked away pretty handily. Although, unless I am missing something, I am not inclined to fully believe the <$50M payout. How could Elon Musk get a portion of the $50M, but still afford to personally finance Tesla, SpaceX + the solar company (plus still be spending $200k/mo on his wife and family) ? Something seems fishy, unless there were a few investments between the Paypal IPO and these other investments that provided him with a boatload of cash - which is entirely possible (e.g. YouTube) but I am not sure. Just saying.