Smash Notes
What Did Dave Mcclure Learn From the Paypal Team?
Dave McClure told The Twenty Minute VC he will not quite claim a seat in the PayPal Mafia, because he has not built a billion-dollar company. He did work at PayPal. David Sacks was his boss and later sold Yammer to Microsoft for about a billion dollars. McClure worked with Steve Chen, Chad Hurley, and Jawed Karim before they started YouTube, and watched Peter Thiel, Max Levchin, and Reid Hoffman. The lesson was pressure: ship product and marketing while fraudsters stole money and eBay and Visa competed with you. Microsoft, Yahoo, and Google found a model early. PayPal, like Amazon and Facebook, grew fast on a harder road, and its people learned to change the product in order to survive.
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
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20VC: 500 Startups' Dave McClure on Whether Unicorns Are Necessary For Venture Returns & Why Ownership Is Not The Math To Think About When Investing
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at 18:45
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On this episode
- Who Is Dave Mcclure Transcript
- How Did Dave Mcclure End Up in Silicon Valley Transcript
- How Did Dave Mcclure Start Investing in Startups Transcript
- What Did Dave Mcclure's Early Wins Have in Common Transcript
- Does a Fund Need to Invest in a Unicorn Startup to See Good Returns Transcript
- What Did Dave Mcclure Learn From the Paypal Team? Transcript
- Does the World Have Enough Vcs and VC Money Transcript
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