PayPal came from the 2000 merger of Elon Musk's X.com and Peter Thiel's Confinity, listed in 2002 and sold to eBay for $1.5 billion months later. It bought its first users with $10 referral bonuses, then had to build fraud detection quickly when losses on stolen cards threatened the company, and that risk-scoring work became the durable asset. Readers get the construction of a two-sided payment network on top of somebody else's marketplace, plus the origin of the founder network that later produced Tesla, LinkedIn, YouTube and Palantir. Jimmy Soni wrote the full history from hundreds of interviews, Eric Jackson gives the contemporary insider account from marketing, and Adam Fisher's oral history includes the participants in their own words.
Insider account by an early PayPal marketing hire; partisan but first-hand.
Recommended by: Sahil Lavingia
Oral history; Thiel and the PayPal cohort speak in their own words.
PayPal from Confinity and X.com through the merger to the 2002 sale to eBay.
Recommended by: David Sacks, Elon Musk, Keith Rabois and 3 others
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