David Sacks is an Internet entrepreneur and investor in several Internet Technology firms. David Sacks was the founding COO and product leader of PayPal. Thus he was also a member of the so-called PayPal mafia. A term used to denote some twenty odd early members of PayPal. Other members of that “Mafia” were Elon Musk, Reid Hoffman, Peter Thiel, Steve Chen, Chad Hurley, Russel Simmons, Max Levchin, Dave McClure and Premal Shah among others.
David is also one of those immigrant Entrepreneurs who made it big in the United States. After coming from South Africa, he graduated from Stanford University and University of Chicago law school. In college, David Sacks was the co-author with Peter Thiel – of the 1995 book The Diversity Myth: ‘Multiculturalism’ and the Politics of Intolerance at Stanford. Before joining PayPal, he worked at Mckinsey as a management consultant.
He was also the founder and CEO of Yammer. Yammer was acquired by Microsoft in 2012 for $1.2 billion. Yammer is a freemium enterprise social networking service used for private communication within organizations. In 2017, David Sacks co-founded blockchain startup ‘Harbor’ as an incubation of Craft Ventures.
David has made investments in Facebook, Uber, SpaceX, Palantir Technologies, Airbnb and Houzz.