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PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.
Peter Andreas Thiel is a German-American billionaire entrepreneur, venture capitalist, and political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. As of June 2023, Thiel had an estimated net worth of $9.7 billion and was ranked 213th on the Bloomberg Billionaires Index.
Maksymilian Rafailovych "Max" Levchin is a Ukrainian-American software engineer and businessman. In 1998, he co-founded the company that eventually became PayPal. Levchin made contributions to PayPal's anti-fraud efforts and was the co-creator of the Gausebeck-Levchin test, one of the first commercial implementations of a CAPTCHA challenge response human test.
Elon Reeve Musk is a business magnate and investor. Musk is the founder, chairman, CEO and chief technology officer of SpaceX; angel investor, CEO, product architect and former chairman of Tesla, Inc.; owner, chairman and CTO of X Corp.; founder of the Boring Company; co-founder of Neuralink and OpenAI; and president of the Musk Foundation. He is the wealthiest person in the world, with an estimated net worth of US$232 billion as of September 2023, according to the Bloomberg Billionaires Index, and $253 billion according to Forbes, primarily from his ownership stakes in both Tesla and SpaceX.
Billpoint was the name of a person-to-person money transfer service founded in 1998, and purchased in 1999 by online auctioneer eBay.
X.com was an online bank founded by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho in 1999 in Palo Alto, California. In 2000, it merged with competitor Confinity and in 2001, the merged company changed its name to PayPal.
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Keith Rabois is an American technology executive and investor. He is currently a general partner at Founders Fund. He is widely known for his early-stage startup investments and his executive roles at PayPal, LinkedIn, Slide, and Square. Rabois invested in Yelp and Xoom prior to each company's initial public offering ("IPO") and sits on both companies' boards of directors. He is considered a member of the PayPal Mafia, a group that includes PayPal co-founders Peter Thiel, Reid Hoffman, Elon Musk, and PayPal employee and YouTube co-founder Jawed Karim. Additionally, Rabois has been involved in investments in YouTube, Palantir, Lyft, Airbnb, Eventbrite, Wish, and The Org.
Jeremy Stoppelman is an American business executive. He is the CEO of Yelp, which he co-founded in 2004. Stoppelman obtained a bachelor's degree in computer engineering from the University of Illinois at Urbana–Champaign in 1999. After briefly working for @Home Network, he worked at X.com and later became the VP of Engineering after the company was renamed PayPal. Stoppelman left PayPal to attend Harvard Business School. During a summer internship at MRL Ventures, he and others came up with the idea for Yelp Inc. He turned down an acquisition offer by Google and took the company public in 2012.
This is a timeline of online money transfer and e-commerce service PayPal, owned by eBay from 2002 to 2015 and an independent company before and after that.
Yu Pan is an engineer and entrepreneur mentioned in one source as one of the original six people who started PayPal and the first employee at YouTube, as an early software engineer. He is a former Google employee and also a co-founder of Kiwi Crate, Inc.
Neuralink Corp. is an American neurotechnology company that is developing implantable brain–computer interfaces (BCIs), based in Fremont, California, as of 2022. Founded by Elon Musk and a team of seven scientists and engineers, Neuralink was launched in 2016 and was first publicly reported in March 2017.
Brex Inc. is an American financial service and technology company that offers business credit cards and cash management accounts to technology companies. Brex cards are business charge cards, which require at least $50,000 in a bank account if professionally invested, if not with $100,000 to open, and cardholders who default won't damage their personal credit or assets. Emigrant Bank issues the Brex cards.
Affirm is a publicly traded financial technology company headquartered in San Francisco, United States. Founded in 2012, the company operates as a financial lender of installment loans for consumer purchasers to use at the online or offline checkout. Affirm is primarily a buy now, pay later (BNPL) lender and thereby competes with the more traditional credit card providers.
References
- 1 2 Lillington, Karlin. "PayPal Puts Dough in Your Palm". Wired. Retrieved 2017-04-10.
- ↑ Odell, Mark (30 September 2014). "Timeline: The rise of PayPal". Financial Times. Retrieved 10 October 2023.
- ↑ "Max Levchin: The Making of a Tech Mogul". grainger.illinois.edu. Retrieved 2021-01-01.
- ↑ "What I really want to say". plotkin.com. Retrieved 2017-04-10.
- ↑ "A building blessed with tech success". CNET. Retrieved 2017-04-10.
- ↑ Elon Musk: How I Became The Real 'Iron Man', Bloomberg, 10 June 2014, accessed 25 August 2018.
- ↑ "PayPal IPO raises $70.2M - Feb. 14, 2002". money.cnn.com. Retrieved 2021-01-01.
- ↑ "EBay Buys PayPal in $1.3B Stock Deal". www.paypalobjects.com. Retrieved 2021-01-01.
- ↑ "EBay follows Icahn's advice, plans PayPal spinoff in 2015". Reuters. 2014-09-30. Retrieved 2019-08-16.