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David’s first foray into SaaS was in 1999 when he joined a startup that would become PayPal, starting as the product leader and later as the COO. billion in 2012. In 2008, he founded Yammer, an enterprise software company that David grew to 500 employees and $60 million in sales. Microsoft acquired Yammer for $1.2
David Sacks (Yammer, PayPal) shares how to navigate from 50-500 employees. First, I was the founding era CEO of PayPal during the PayPal Mafia period, and I was a self taught product person, I learned how to do product management operations there. 349: Startups can get messy. Especially in growth. I learnt this operating myself.
First, I was the founder or CEO of PayPal during the PayPal Mafia period, and I was a self-taught product person, I learned how to do product management operations there. We went from zero to 56 million in sales in under four years, and that resulted in a unicorn, we ended up selling the company to Microsoft in 2012 for 1.2
David Sacks has a long history in tech from his time as a Founder and CEO of Geni.com and Yammer to his stint as COO of Paypal. Prior to South Park Commons Ruchi was an engineer at Facebook, co-founder of Cove which was sold to Dropbox in 2012 at which time she became a VP of Operations at Dropbox. The Deep Dives ??.
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This was in 2012, and we were based in New York City. And in 2012, if you’ll remember, that was when they kicked all the Zuccotti Park protestors outta Zuccotti Park. When you thought of financial software, it was Mint, PayPal, and then like a few people hadn’t heard of, and that was it.
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Des: It would sound like you’ve gone from a scale where software companies can’t really get much bigger, and you’ve obviously come all the way down. The way you talked to your customers was by exporting your PayPal dashboard because everyone used PayPal for subscription back then.
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