PayPal Wars: Battles with eBay, the Media, the Mafia, and the Rest of Planet Earth

PayPal Wars: Battles with eBay, the Media, the Mafia, and the Rest of Planet Earth

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by Eric M. Jackson
     
 
Congratulations to The PayPal Wars by Eric M. Jackson, winner of the 2005 Writers Notes Book Award for best business book, winner of the 2005 DIY Book Award for non-fiction, and runner-up in the 2004 USA Book News' Best Book Award for business.

The PayPal Wars is not your ordinary business book! Tom Peters -- management guru and author of the

Overview

Congratulations to The PayPal Wars by Eric M. Jackson, winner of the 2005 Writers Notes Book Award for best business book, winner of the 2005 DIY Book Award for non-fiction, and runner-up in the 2004 USA Book News' Best Book Award for business.

The PayPal Wars is not your ordinary business book! Tom Peters -- management guru and author of the classic "In Search of Excellence" -- said this book "kept me up all night reading" and declared it "the best description of 'business strategy' unfolding in a world changing at warp speed." It's been called "an absorbing insider's story" by the Washington Times and hailed for its "engaging narrative [that] reads like a spy novel" by Reason Magazine. With its fast-paced story and an unabashedly pro-capitalist message, The PayPal Wars is a gripping and intelligent read from cover to cover.

This candid insider's account shows firsthand how PayPal launched its online payment service and set out to revolutionize the world's currency markets. But when the startup's plucky entrepreneurs found themselves confronting eBay (their #1 source of customers!) as well as organized crime rings, money-grubbing lawyers, and even regulation-happy NY Attorney General Eliot Spitzer, the entire venture takes a turn for the worse.

Order The PayPal Wars today and learn how PayPal overcame these daunting obstacles to become the world's leading online payment service and eBay's fastest-growing business division.

Product Details

ISBN-13:
9780974670102
Publisher:
WND Books, Incorporated
Publication date:
09/21/2004
Pages:
344
Product dimensions:
6.36(w) x 9.32(h) x 1.28(d)

Read an Excerpt

My entrepreneurial summons came with an abrupt qualification: "You need to start this Friday."

"W-what?" I stammered in reply. "Are you serious?"

Peter Thiel smiled and nodded. Evidently my reaction amused him.

"No, no. Look, it's already Sunday," I responded, shaking my head. "That would only be four days notice-I can't possibly quit my job with Andersen that quickly! We're in the middle of a project."

The chief executive officer of Confinity, Inc., didn't find that argument exceptionally compelling. "We expect to close our next round of financing at the end of this week, so the strike price of the options will go up. Now, let's see..." he paused, his hawkish nose pointing upward as the computer housed under his short, sandy hair rattled off a series of calculations. "Given your stock options, if you wait two weeks then it's going to cost you another $8,000."

I shivered as we continued our walk next to the bay. The gusts of wind whipping under the Golden Gate Bridge from the Pacific sliced through my light jacket. San Francisco sees plenty of gray skies and blustery weather year round, and this Decem-ber afternoon was no exception. The chill distracted me as I tried to follow Peter's rapid train of thought-something many found difficult to do under the best of conditions.

"Eight thousand dollars?" I had no idea how he had calcu-lated the figure. In fact, I had no idea how stock options even worked. I was a babe to such startup matters. The only thing I knew for sure was that startup stock options made people rich. Very rich.

Northern California on the eve of the millennium was the geographic epicenter of the dot-com boom. Young people in their early twenties, including many of my Stanford classmates, fled their old economy jobs in droves to cast their lots with Internet companies. Leaving behind stodgy, seniority-based firms they turned to small companies that let them make important deci-sions and bring their dogs to work while they earned IPO riches. Or so I'd heard.

Eight thousand dollars certainly didn't mean much to these people, but it did to me. I worked for the oldest of the old econ-omy firms, the buttoned-down Arthur Andersen, which at the time was still viewed as one of the world's most trusted and respectable professional services companies. The partners running the firm called it a privilege for people my age to have the opportunity to start out at such a venerable institution, and in return they paid stingy salaries to match.

Peter made sure I would not mistake Confinity for another Andersen. He was offering me stock options and an increase in salary even though he wasn't sure exactly which position I'd fill. It didn't matter, he assured me, since Confinity had just launched its software product and needed talented people as quickly as possible. The product let people exchange money for shared expenses such as dinner bills and utilities, a novel idea that seemed poised to catch on despite its silly name-PayPal.

"Yes, an extra $8,000," Peter chirped, refocusing my atten-tion. "Now, let's see, you could always ask Andersen if they're willing to pay you the $8,000 to stay another two weeks," he added, smiling.

He had me and he knew it.

Meet the Author

Eric M. Jackson is an award-winning author and the former head of marketing for PayPal.com, the popular online payment website now owned by eBay. A frequent guest commentator on radio and television, Jackson is an outspoken advocate of free markets and the president of World Ahead Publishing, and serves on the boards of advisors for a number of organizations.

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Paypal Wars 5 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
I was completely surprised that I could not put this book down once I started it. Its a page turner from beginning to end, and YOU wont be disappointed! You will feel as if you were right in the trenches fighting the battles with the author. Great writing!