1 Comment

Summary:

Fortune magazine recently ran a feature on PayPal alumni that includes folks like Slide CEO & Founder Max Levchin, the YouTube boys and David Sacks of Geni. The star of the story, however is Peter Thiel, co-founder and former CEO of PayPal and now a hedge […]

Fortune magazine recently ran a feature on PayPal alumni that includes folks like Slide CEO & Founder Max Levchin, the YouTube boys and David Sacks of Geni.

The star of the story, however is Peter Thiel, co-founder and former CEO of PayPal and now a hedge fund investor non-pariel, who manages billions of dollars and is an ultimate contrarian. His investments include Facebook (stake worth over a billion dollars), LinkedIn and Slide. Amusing as it might be, the story has one nugget of information that most start-up founders should at least attempt to copy.

His hallmark management MO at PayPal (at least, pre-IPO) was the all-hands open-book session. Customer logs, revenue flow, fraud losses, burn rate: He’d display it all for every employee to see. This access to information, coupled with the lack of offices, created a flat structure where any idea could win the day.

Also watch my video interviews with Max Levchin and David Sacks, on the GigaOM.TV website.

  1. I’m all for full openness, but can I have walls for my office please?

    Share

Comments have been disabled for this post