Here's a big shocker: PayPal, the early online payment processing service that made a batch of Silicon Valley legends, was founded by a team of psychopaths. Peter Thiel, a PayPal co-founder and early Facebook backer, reveals in his new book that four of the six members of "The PayPal Mafia" built bombs for kicks in high school.
Cantankerous billionaire Carl Icahn never shies away from a fight. This time, the activist investor is swinging at longtime eBay board members: venture capitalist and PayPal veteran Marc Andreessen and Intuit founder Scott Cook for "material conflicts of interest, which we believe could put the future of our company in peril."
This is a guest post by game designer and writer Alex Shvartsman originally published on his blog: In addition to making the small bucks as a science fiction writer, I have a day job. I run a game store which hosts events and serves the local community here in Brooklyn, but also sells games and collectibles online and at shows/conventions.
The world-changing aspirations of Twitter and Facebook are a drop in the bucket, a single bloom in an Arab Spring, compared to what former Palantir cofounder Joe Lonsdale wants to do with Formation 8, a venture capital firm that raised $448 million to modernize and disrupt all of Asia's power centers, basically. The leaked emails (below) show how Lonsdale intends to recruit engineers to his cause: by making them “feel special because they think they've been identified by technology [i.e. Palantir] that helped locate bin Laden.”
PayPal is used by almost 130 million people, generates a lot of revenue, and made its backers very, very wealthy. It's a model company. But, that's apparently not enough, and PayPal just announced it will create a way for astronauts to buy things, in space. OK.