Get Ready for the 'No-Buy' List
By any standard, David Sacks is a super successful entrepreneur and venture capitalist. He’s invested in companies including Airbnb, Bird, Eventbrite, Facebook, Houzz, Lyft, Palantir, Postmates, Reddit, Slack, SpaceX, Twitter, and Uber. Now he’s a general partner at Craft Ventures.
But that’s not the reason to listen to him. It’s because he’s deeply insightful and consistently ahead of the curve on issues including free speech and Big Tech, how to amend Section 230, San Francisco’s meltdown, and more. You might remember his name from this column I wrote a few months back.
When I helped create PayPal in 1999, it was in furtherance of a revolutionary idea. No longer would ordinary people be dependent on large financial institutions to start a business.
Our democratized payment system caught fire and grew exponentially with millions of users who appreciated its ease and simplicity. Traditional banks were too slow and bureaucratic to adapt. Instead, the revolution we spawned two decades ago inspired new startups like Ally, Chime, Square, and Stripe, which have further expanded participation in the financial system.
