Chapter
Why PayPal Ex-employees Create More Unicorns Than Those From Google
23:25 - 29:15 (05:50)
Ex-employees of PayPal have created more unicorn companies than their Google counterparts, even though they were vastly outnumbered. The PayPal mafia team were predominantly risk-takers with grit and persistence, unlike Google hires who were safer and preferred being more analytical and execution-oriented.
Clips
Co-founders of PayPal and Affirm discuss how the initial teams of their respective companies were made up of friends who had a high level of trust and were able to debate and make decisions together.
23:25 - 25:23 (01:58)
Summary
Co-founders of PayPal and Affirm discuss how the initial teams of their respective companies were made up of friends who had a high level of trust and were able to debate and make decisions together.
ChapterWhy PayPal Ex-employees Create More Unicorns Than Those From Google
Episode#AIS: Pear VC’s Mar Hershenson on making successful founders
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Success can lead to complacency and discourage innovation, particularly in successful companies like Google, Facebook, and Microsoft.
25:23 - 27:01 (01:37)
Summary
Success can lead to complacency and discourage innovation, particularly in successful companies like Google, Facebook, and Microsoft. Employees often lack the incentive to branch out and take risks when they are comfortable within their current roles.
ChapterWhy PayPal Ex-employees Create More Unicorns Than Those From Google
Episode#AIS: Pear VC’s Mar Hershenson on making successful founders
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Despite Google having a larger pool of employees, there are more unicorns founded by ex-PayPal workers than ex-Google.
27:01 - 27:55 (00:53)
Summary
Despite Google having a larger pool of employees, there are more unicorns founded by ex-PayPal workers than ex-Google. This is largely attributed to Google's exponential success right out of the gate that made them complacent, while PayPal employees had to work harder and innovate more to achieve their success.
ChapterWhy PayPal Ex-employees Create More Unicorns Than Those From Google
Episode#AIS: Pear VC’s Mar Hershenson on making successful founders
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The culture of Google was to hire people who were not risk takers and oriented towards execution, rather than entrepreneurship.
27:55 - 29:15 (01:19)
Summary
The culture of Google was to hire people who were not risk takers and oriented towards execution, rather than entrepreneurship. Many people who left Google to start their own businesses lacked the grit and persistence to go through repeated failures.