A former PayPal employee mentioned one in every of his observations about Elon Musk is that he does not do one factor.
Jason Portnoy spoke to The Tim Ferriss Present about working at PayPal, the place Musk served as CEO in 2000.
He mentioned Musk would probably profit from his means to use studying from one firm to a different.
Elon Musk could also be one of many busiest entrepreneurs on this planet, however there is a level in having loads, based on a former Paypal worker turned creator.
Jason Portnoy, former VP of Finance at PayPal the place Musk was CEO in 2000, informed the Tim Ferriss Present podcast that one in every of his greatest notes from working with Musk, PayPal founder Peter Thiel, and LinkedIn founder Reid Hoffman — all members of that known as ” PayPal Mafia” – is that they “didn’t do one thing at a time.”
Portnoy mentioned he thinks that is fascinating as a result of logically when individuals are engaged on one thing, they only give attention to that factor. All three have been concerned in varied companies and initiatives at totally different occasions, throughout their time at Paypal and ever since.
“I feel like they’ve benefited a lot from doing that because they’ll be exposed to different ideas, solve different problems, or meet different people,” he mentioned. “There was just all of this stuff they were interacting with. And then they’d take that back with them, to the PayPal office.”
Portnoy is an entrepreneur and enterprise capitalist who additionally served because the CFO at Palantir, the information firm that Thiel based.
He appeared on the podcast to debate his guide “Silicon Valley Porn Star,” by which he paperwork his profession in Silicon Valley because the thirty fourth worker of Paypal, in addition to his pedigree and restoration from porn habit.
Portnoy’s first contact with Musk got here in 2000 when he joined Confinity, a cost startup based by Thiel, from which PayPal originated. Whereas Musk was engaged on his startup, funds platform X.com throughout the road on College Avenue in Palo Alto, California.
X.com later merged with Confinity to turn out to be PayPal, and Musk spent a short while as CEO earlier than he was fired in 2000. He went on to discovered Tesla, SpaceX, and Boring, all of which he’s nonetheless concerned in.
This week it got here near proudly owning social media platform Twitter after the corporate’s board of administrators provisionally signed off on its proposed $44 billion buy. They advocate, within the SEC proxy submitting, that shareholders help the deal. Twitter has not but set a date for the vote.
Portnoy mentioned he is certain Musk was studying issues from one firm he is introducing to the following. “So I think there could potentially be some benefits,” he added.
His web price is estimated at $219 billion, based on Forbes’ checklist of the world’s billionaires, Musk is the richest man on this planet. Prior to now, he talked about working greater than 100 hours per week. Nevertheless, he admitted that his work habit was at occasions on the expense of his household life and sleep.
Musk has confronted criticism for selling the concept staff who do not “burn oil at 3 a.m.” are in some way attempting to keep away from work.
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