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Remember when PayPal first came on the scene? But 2000 was a big year for PayPal. In March of 2000, they hit 1 million users. Well, you might not because you were probably in high school … or maybe even elementary school. Then by September of the same year, they reached 5 million users. Well, that was 20 years ago.
353: Keith Rabois (Paypal, Linkedin, Square) and SaaStr Founder Jason Lemkin talk about the landscape of SaaS & Cloud fundraising and valuation in 2020. This episode is sponsored by Lightmatter. SaaStr’s Founder’s Favorites Series features one of SaaStr’s best of the best sessions that you might have missed. I think by segment.
So the first product we launched had an integration with PayPal that made it very easy for the event organizers to get all their ticket sales directly into their PayPal account as they were happening in real time. One thing we understood very quickly was that access to money for organizing an event is quite critical.
For many years salespeople at companies like Box, Citrix, Paypal and more have relied on Zoominfo, founded in 2000, as their foundational database of millions of business profiles and contacts when prospecting and sourcing leads.
I disclaim that I am not a Musk fanboy and that, in general, I am disappointed by the PayPal mafia , which I once saw as so full of promise. It was a flashback to enterprise reporting circa 2000 (back when you had the report backlog ) and I was instantly hooked.
There was this joke on Twitter the other day, someone who was pointing out how on your LinkedIn you said PayPal, it exited at a billion and now it’s worth 40 billion or 50 billion. 10, 11 years… I mean, it’s better than we ever thought. So we figured out a long run, but even before you update your LinkedIn and then bam.
He had a company called Wily back in 2000 that he started, that ultimately sold on to Computer Associates, and really was seen as the father of the APM market segment, and learned a number of things in that experience that we then applied in terms of building New Relic, which is his second go around on the whole monitoring space.
Scott Barker: mafia, the infamous, uh, PayPal Rob Giglio: that’s a, I mean, those, that’s a group of very, very successful, um, leaders well beyond what I’m describing. You got to remember also in like 1999 and 2000, pages took a long time to render. And so you just like philosophically remove them.
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