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Lessons from The PayPal Mafia: The Power of Being Open-Minded and Contrarian

Internet

Internet · 1y ago

Lessons from The PayPal Mafia: The Power of Being Open-Minded and Contrarian

The PayPal Mafia's success was driven by their ability to be adaptable, think for themselves, have deep technical knowledge, challenge the status quo, pursue intellectual curiosity, cultivate a strong culture, and constantly innovate. Their approach emphasizes the importance of mindset, continuous learning, and a willingness to take bold, contrarian bets in the face of adversity.

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Peter Thiel's 4 Rules For Creating A Great Business

Internet

Internet · 6m ago

Peter Thiel's 4 Rules For Creating A Great Business

In Silicon Valley, the PayPal Mafia reins supreme. So much so that it is hard to think of any successful technology startup in the last ten years—from Facebook and LinkedIn to YouTube and Yelp—that hasn’t been touched by it in some way. The Don of the PayPal mafia, Peter Thiel, is one of the most intriguing characters in business today. He was a founder of PayPal, as well of data analysis firm Palantir, and is also a successful investor, creating both Clarium Capital and the Founders Fund. Yet it is not only Thiel’s enormous success that makes him interesting, but also his contrarian views, such as his libertarian politics and his program that pays kids to drop out of college. Tap on source to read it all.

Flipkart mafia: Former employees own 44 start-ups, eight backed by Binny Bansal

Hindustan Times Tech

Hindustan Times Tech · 1y ago

Flipkart mafia: Former employees own 44 start-ups, eight backed by Binny Bansal

The 'Flipkart Mafia,' a group of former Flipkart employees, has established 44 start-ups, with six being unicorns valued at $25 billion collectively. A correlation exists between Flipkart’s ESOP buybacks and start-up creation, particularly in 2018 and 2019. Binny Bansal, Flipkart co-founder, has invested in eight of these ventures, with PhonePe being the highest valued at $12 billion.

Heavy short exposure in Nifty stocks can be a contra indicator: Anand James

Economic Times

Economic Times · 1m ago

Heavy short exposure in Nifty stocks can be a contra indicator: Anand James

Anand James, Chief Market Strategist at Geojit Investments, notes that about 66% of Nifty50 stocks have a short buildup, indicating a potential contrarian indicator that could trigger a bounce back. Despite a narrow trading range, the rollover cost is high, suggesting cautious optimism and potential volatility. The open interest Put-Call Ratio is declining, signaling a bullish shift. Nifty's close below the 50-DMA raises potential downside, but momentum indicators remain weak.

Contrarian Capital MD Somak Ghosh Joins Gemba Capital Board

Inc42 · 10m ago

Contrarian Capital MD Somak Ghosh Joins Gemba Capital Board

Gemba Capital has added Somak Ghosh, the Managing Director of Contrarian Capital, to its advisory board. Ghosh's expertise in fintech will provide valuable strategic guidance to Gemba Capital. With his experience in venture capital and banking, Ghosh has successfully funded start-ups through the Contrarian Vriddhi Fund. This addition strengthens Gemba Capital's advisory board as they continue to invest in early-stage fintech and consumer tech start-ups and launch a second fund.

PayPal gets RBI nod for facilitating outbound cross-border payments

YourStory

YourStory · 3m ago

PayPal gets RBI nod for facilitating outbound cross-border payments

PayPal Payments Private Limited, an Indian subsidiary of PayPal Holdings Inc., has received in-principle approval from the Reserve Bank of India to operate as a Payment Aggregator for Cross Border Exports. This regulatory nod enables PayPal to facilitate outbound payments for Indian merchants in global trade under a regulated framework. While PayPal focuses on outbound cross-border payments in India, the competitive landscape is intensifying with similar approvals for other firms like Cashfree Payments and Amazon Pay.

PayPal to create global digital wallet platform with UPI, China's Tenpay - The Economic Times

Economic Times

Economic Times · 1m ago

PayPal to create global digital wallet platform with UPI, China's Tenpay - The Economic Times

PayPal is launching PayPal World, a platform enabling interoperability between domestic digital wallets and its global network. This initiative allows users of wallets like UPI, Mercado Pago, and Tenpay Global to perform international transactions without creating a PayPal account, enhancing PayPal's global market reach. Merchants can accept payments from these wallets without new technology integration. PayPal World will add more partner wallets and aims to simplify cross-border transactions for consumers and businesses.

Govt weighing dedicated grid, nuclear power for data centres

Economic Times

Economic Times · 9m ago

Govt weighing dedicated grid, nuclear power for data centres

The Indian government is considering the provision of dedicated power to data centre parks to ensure uninterrupted operations. This could involve direct power lines from producers or the establishment of nearby small nuclear plants. With the rise of data centres equipped with AI servers and GPUs, the demand for high-quality, uninterrupted power is expected to increase. One option being explored is the creation of separate power grids for these data centre parks, enabling them to purchase power from surplus states or producers. The feasibility of this option is being studied by the electronics and information technology ministry.

Sam Altman-backed Oklo signs power agreement with data centre operator

Economic Times

Economic Times · 8m ago

Sam Altman-backed Oklo signs power agreement with data centre operator

Nuclear startup Oklo has signed an agreement to provide power to data center operator Switch. Oklo will develop Aurora powerhouse nuclear reactors with a total capacity of 12 GW, powering data centers through 2044. This move highlights the growing demand for clean and reliable energy sources like nuclear power, as several US utilities are signing similar deals to power tech companies' data centers. Oklo's stock rose 12% following the news. Switch operates renewable energy-powered data centers and serves clients like Google and PayPal, while Oklo aims to develop modular nuclear reactors by 2027.

PayPal launches Tap to Pay on iPhone for businesses using Venmo and Zettle in the US

TechCrunch · 1y ago

PayPal launches Tap to Pay on iPhone for businesses using Venmo and Zettle in the US

PayPal has launched "Tap to Pay" for iPhone users in the US through the Venmo and Zettle apps. The feature allows businesses to accept contactless card and digital wallet payments with no additional cost or hardware. Merchants can add taxes, accept tips, send receipts, and issue refunds. The funds from sales are quickly transferred to the merchant's Venmo or PayPal Zettle account. PayPal charges a fee of 2.29% + 9¢ for each sale through the tap-to-pay method. The feature aims to help small businesses adapt to the increasing trend of cashless payments.

The lessons from Microsoft’s startling comeback

Livemint

Livemint · 1y ago

The lessons from Microsoft’s startling comeback

Microsoft has experienced a remarkable comeback, with its operating margin increasing from 29% to 43% and its share price outperforming its rivals. The company's CEO, Satya Nadella, is now focusing on artificial intelligence (AI) as the next area for reorganization. Lessons from Microsoft's success include the importance of being paranoid and attentive to new technologies, the ability to leverage technologies created by others, and the discipline brought by exposure to the stock market. Microsoft's reinvention serves as a valuable case study for businesses.

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