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This article was published on February 29, 2016


So this is why PayPal’s founding team are called the Web Mafia

So this is why PayPal’s founding team are called the Web Mafia
Kirsty Styles
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Kirsty Styles

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Kirsty Styles is a journalist who lives in Hackney. She was previously editor at Tech City News and is now a reporter at The Next Web. She l Kirsty Styles is a journalist who lives in Hackney. She was previously editor at Tech City News and is now a reporter at The Next Web. She loves tech for good, cleantech, edtech, assistive tech, politech (?), diversity in tech.

PayPal’s founding team are called the ‘Mafia’ for a reason. Not because they’re criminals, but because they’ve had a rather sinister grasp on the startup ecosystem since they sold to eBay for $1.5 billion in 2002. The below infographic now makes that clear for all to see.

Names like Peter Thiel, Elon Musk and Reid Hoffman will likely be familiar, all were co-founders of the payments company back in 1998, but the likes of Scott Banister, Dave McClure and Keith Rabois have largely flown under the radar.

Between these 19 men, they’ve brought household brands like YouTube, Linkedin and Yelp to life. Whether it’s Reddit, Airbnb or Facebook, there’s never a PayPal Mafia man too far away acting as an investor or an advisor.

More recently many of them hooked back up to launch a political campaign group called FWD.US to lobby for immigration reform, better education and more investment in scientific research.

Like Google Ventures, now called GV, the PayPal Mafia has a potentially unhealthy presence across the Web. These guys sure have great experience, but you can’t help but wonder whether rich, white mean really have the monopoly on good ideas.

Ventures of the PayPal Mafia (Fleximize via Venturebeat)

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