Another day, another entrepreneur. So should we discuss the famous entrepreneur who didnโt just take over the world through his entrepreneurial powers but also made a really successful career for himself and his family. You would be surprised to know that this famous personality is also the former COO of PayPal and is the co-founder and general partner at Craft Ventures. Ladies and gentlemen, allow me to introduce David Sacks.
Early Life:
David Sacks has a middle name of Oliver. He was born on 25th May 1972. His birthplace is South Africa, Cape Town. While he was young, his family moved to Tennessee in the USA. His early education took place in Stanford where he studied economics. After this, he went to the University of Chicago Law School from where he took his Doctor of Law degree.
Career:
His career beginnings took a start when he started thinking about opening PayPal and Yammer. These two were considered his most exciting entrepreneurial ventures.
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ย ย ย PayPal
David took his first job at McKinsey and Company as a management consultant. Later in 1999, he joined Peter Thiel at PayPal. He became the first COO of the company. PayPal proved very lucky for him as he met Elon Musk over there. Since then, they both have been close friends. They are considered as the faces of โPayPal Mafiaโ.
There is no doubt that David has been a really valuable asset of PayPal whose role was to oversee the development and formation of key departments. These departments include Marketing, Sales, Customer Service and Human Resources. David was able to increase the annual revenue of his company to over $200 million and that too in 3 years only.
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ย ย ย Yammer
Entrepreneurship ran in Davidโs family. He took this inspiration from his grandad who was an owner of Candy Factory. In the year of 2008, David launched Yammer which was previously known as Slack. It soon gained much recognition and popularity. Later in 2012, Microsoft acquired it for $1.2 billion. Last but not the least, he was also responsible for creating Geni.com in the year 2006 which was later acquired by MyHeritage in 2012.
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ย ย ย Zenefits
Zenefits was bought by David in 2014 as an interim CEO. When he bought Zenefits, it was in its crisis period. He helped in bringing stability into the company by introducing HR and Z2 SaaS products.
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ย ย ย Craft Ventures
Another venture adopted by David was in the domain of craft. He became the co-founder of Craft Ventures in the year 2017. The firm currently manages assets worth $2 billion and likes to invest in SaaS companies. David likes to invest in early-stage startups which are SaaS based. Moreover, he is also a crypto investor and one of the early buyers of the Solana crypto token.
Social Media and Podcasting:
โCallinโ is Davidโs other venture which is basically a social podcasting app that combines social interaction with podcasting. Along with this, he is also an active social media user. He stays the most active on Twitter where he loves to talk about his business opinions.
Moreover, he also co-hosts the โAll-inโ podcast along with his friends. The talks revolve around economy, venture capital, politics, tech and startup. This podcast is becoming extremely famous across the whole world. It is capable of acquiring 300k subscribers along with 100k monthly listeners.
More About Entrepreneur & Businessman:
David Sacks Net Worth 2024:
David has a whopping net worth of $1.5-2 million. He lives with his wife in San Francisco who is also an entrepreneur. His wifeโs name is Jacqueline Tortorice and they have three kids together.
David Sacks Bio:
| Full Name | David Oliver Sacks |
| Nick Name | David Sacks |
| Gender | Male |
| Country | America |
| Nationality | USA |
| Date of Birth | February 12, 1972 |
| Age | 52 years old (As of 2024) |
| Height | 5 Feet 8 Inches |
| Weight | 68 Kg |
| Birthplace | Cape Town, South Africa |
| Education | Stanford University (Bachelor of Arts in Economics, 1994) |
| Marital Status | Married |
| Wife | Jacqueline Tortorice |
| Net Worth | $1.5- 2 Billion US |
| Profession | A Versatile Entrepreneur and Visionary Thinker, His Dynamic Role in Shaping the Tech Industry, Successful Ventures Like PayPal and Yammer. |
| Religion | Christianity |
| Children | (3) Two Daughters & a Son. |
| Daughter | Isabelle & Georgia |
| Son | Henry |
| Birth Sign | Gemini |
| Eye Colour | Black |
| Hair Colour | Black |
Who is Jacqueline Tortorice?
Jacqueline Tortorice is a public figure who is known by the public through her ties with David Sacks. She has active social media profiles where she posts different stuff about her life. Her social media accounts include Instagram, Facebook, and Twitter.
If you want to know more about her then you can search for her on websites like Spokeo, PeekYou and Radaris. It has been reported that she practices law as her profession. She married David in 2007. They both have 2 daughters together; Kelly and Chloe. A son named Andrew is also shared by them. The couple is currently living in Chicago.
David Sacks Quotes:
Following are some of the favorite quotes of David Sacks.
โAfter PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPalโs original vision to create the new world currency.โ
โMoney is being made programmable. Thatโs a fundamental change with implications we can still barely see.โ
โFinding the outliers, the things that donโt neatly fit into the patterns, is another form of feedback.โ
โThe big development since the emergence of bitcoin itself is that the underlying enabling technology, the blockchain, has been turned into a developer platform.โ
โIn its purest form, currency is confidence.โ
โZenefits has made mistakes, but it never lost its product-market fit.โ
โHierarchy of startup skills in ascending order: business, technical, product or design, and growth.โ
โScalability has been a high-class problem that occurs because a new technology gains rapid adoption.โ
โWhat you want to do as a manager is focus on the activities that have the highest leverage.โ
โUsually, the resource that is most important, that is most limited, is not money but time. Thatโs usually the biggest constraint that we have.โ
David Sacks Social Presence:
The End:
All in all, David has been a true inspiration for young minds who try their best to succeed in this competitive world. Following the footsteps of David will only bring good to you. Make sure to learn lessons from his life and become what you deserve.