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David Sacks is one of the earliest members of the so-called PayPal "mafia," a group of PayPal employees who went on to unusual positions of influence and power in Silicon Valley.
Global online payment services provider PayPal has hired Don Kingsborough, as part of the company`s strategy to bring its payment services to retail stores in H2 2011.
There a few platforms that aim to connect investors and startups on the web, including AngelList , but for the most part investment transactions and venture funding is done face-to-face, many times with a hand shake involved. A new startup, called CapLinked , is hoping to change this by offering a collaborative platform for entrepreneurs, private investors and advisors to find each other, build relationships, and transact business on the site. CapLinked, which was co-founded by PayPal marketing exec Eric Jackson , is announcing a $900,000 round of funding from group of former PayPal execs (a.k.a the PayPal Mafia), including Peter Thiel , Dave McClure’s 500 Startups , Joe Lonsdale (co-founder of Palantir Technologies); Aman Verjee (CFO of Sonos); and David Anderson.
(Fortune Magazine) -- A door opens, and a blond man appears in a white jacket with large buttons. "Good morning," he says. "Peter's in back.
Hoffman was on PayPal's founding board of directors and later took a role as executive vice president, where he handled most outward-facing duties. When PayPal sold, he turned around and founded LinkedIn. That company had a few years of struggles, but eventually benefited from the recent run-up in social media.