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PayPal Mafia, ye kon log hain, Inhay ye naam keu dia gya? Dilchasp baatei jo apko maloom nahi
Daily Pakistan
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1 year ago
PayPal Mafia
یہ کون لوگ ہیں، انہیں یہ نام کیوں دیا گیا؟ دلچسپ باتیں جو آپ کو معلوم نہیں
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Learning
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00:00
Have you ever heard of PayPal Mafia?
00:02
It is a group of people who are spread all over Silicon Valley.
00:06
Spreading on Silicon Valley means ruling over the IT industry of the world.
00:11
The story of PayPal Mafia starts in the last years of the 20th century
00:16
when the merger of Confinity and X.com takes place.
00:19
PayPal comes out of this, which was a digital payment company.
00:23
In 2002, PayPal bought this company.
00:26
A lot of money came to the founders of PayPal.
00:29
Through this, they started new ventures.
00:32
In the beginning, there were 50 people in PayPal,
00:34
including founders, employees, and executives.
00:38
These people kept working with eBay,
00:40
but in the next 4 years,
00:42
they slowly started calling the company a fraud.
00:46
The reason for this was that eBay's work was traditional and old-fashioned.
00:49
eBay worked in a slow and lazy way.
00:52
But these people had dreams of changing the world in their eyes.
00:56
That's why they couldn't do it.
00:58
And in the next 4 years,
01:00
38 out of 50 people left eBay and PayPal.
01:04
These people later kept in touch with each other.
01:07
And they started various ventures in Silicon Valley.
01:10
The most important person among them is Peter Thiel.
01:13
He is also called the boss of PayPal Mafia.
01:16
Confinity was their company,
01:18
which was merged with X.com.
01:20
Later, they founded an investment company.
01:23
They also became the first outsider investor on Facebook.
01:26
Today, Peter Thiel's assets are worth more than $11 billion.
01:30
In addition, the world's richest man, Elon Musk,
01:33
is also a part of the PayPal Mafia.
01:35
Today, he owns $250 billion worth of assets.
01:38
After leaving PayPal, he bought controlling shares in Tesla.
01:42
After that, he completely changed the car industry.
01:46
Along with that, he also founded a company called SpaceX,
01:49
which does space research.
01:51
He also made extremely cheap rockets.
01:56
One more important person among them is Javed Kareem.
01:59
He was working as an engineer in PayPal.
02:02
When the paths parted, he founded YouTube.
02:05
Javed Kareem is the person
02:07
who uploaded the first YouTube video in 2005.
02:10
His video is still available on YouTube
02:13
under the name of Me at Zoo.
02:16
In addition, 2-3 people who left PayPal
02:18
founded LinkedIn.
02:20
Some became Yelp employees.
02:22
Some became the CEO of Reddit.
02:24
PayPal Mafia has been in contact with each other since then.
02:28
They are also cooperating with each other.
02:31
This is the reason why PayPal Mafia
02:33
is ruling Silicon Valley and the IT industry of the world.
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