Collectively, they are often praised for helping with the growth of internet-based companies after the massive drop in their stocks in 2001 (often referred to as the ‘dot-com bust’). Other than the ones mentioned, there are dozens of other achievements that have been credited to the members of the ‘PayPal Mafia’. Yishan Wong went on to work at Facebook and contributed to several advancements before becoming the CEO of Reddit.Russel Simmons and Jeremy Stoppelman co-founded Yelp Inc.Premal Shah became the founding president of, a popular crowdfunding platform.Keith Rabois is credited with several advancements in the platforms of LinkedIn, YouTube, and Yelp amongst others.Jawed Karim, Steve Chen, and Chad Hurley, after leaving PayPal, became the co-founders of YouTube, one of the most successful online video platforms in 2005.Elon Musk went on to co-found Tesla Inc, and SpaceX, the likes of which the global industry had never seen.The members of the group are some of the richest people in the tech industry and their innovations and ideas have made the tech industry jump several spaces ahead of where it was until two decades back.Īlmost all of the 50 original PayPal employees have worked together on different instances and continue to do so. Their Role TodayĪs of today, several members of the ‘PayPal Mafia’ are household names even beyond Silicon Valley. Their work had such an impact that they soon came to be referred as the ‘PayPal Mafia’ within the tech world. These employees went on to contribute massively towards the development of several tech platforms including YouTube, SpaceX, Yelp, and many more. Gradually, over a period of 4 years, 38 of the employees left the company for other ventures. Most of them were finding the transition from the tech-centered environment at X.com to the more corporate one of eBay, difficult. ![]() Initially, it had just 50 employees, including founders Peter Thiel, Mark Levchin, and Luke Nosek. After a highly successful run, the company was purchased by eBay for a staggering valuation of $1.5 billion in 2002.
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