11/23/2023 0 Comments Paypal mafia elon musk![]() ![]() ![]() "It's from a pre-digital age.PayPal's former leadership, also known as the "PayPal Mafia," have slammed the payments giant for its debanking policies of late, with one co-founder calling the freezing of funds “totalitarian,” while another compared it to an episode of Black Mirror.ĭespite becoming crypto-friendly in recent years, the payments tech giant has caught a lot of headlines and pushback over its de-platforming practices, which reportedly involve a rather abrupt process of freezing funds, fines, and frosty negotiations to unlock the accounts of its users for varying reasons. "It's kind of like an anachronistic form," Chesky said in an interview with Time's The Leadership Brief. That same month, Ian Goodfellow, a machine learning director at Apple, left the company due to its return-to-work policy.īut along the same vein as Stoppelmann, Airbnb CEO Brian Chesky said the era of the office is over. Major banks like Bank of America, and tech giants like Apple are pushing for more in-office work, at least for some days of the week.Īfter a planned return-to-office in May, Apple ended up suspending the requirement for now, reportedly because of an uptick in COVID-19 cases. "This will not happen by phoning it in."Īs the Twitter discourse between Rabois and Stoppelmann shows, various big-name companies are divided on a return-to-office or a fully-remote work culture. "Tesla has and will create and actually manufacture the most exciting and meaningful products of any company on Earth," Musk wrote. Rabois's sentiments on remote work echo those of Musk, who at the beginning of June sent an email to employees at Tesla requiring that all executives spend a minimum of 40 hours in the office each week. And even most of the founders who run a public company today who have remote policies agree with me when we discuss." Rabois did not respond to a request for comment from Insider ahead of publication. Rabois replied to Stoppelmann, saying, "I don't believe one can build most successful companies from *scratch* remotely at all. "Legacy office operating system has been disrupted, time to live in the future and fully embrace remote," he added. In a response to Rabois's tweet about only funding IRL startups, Jeremy Stoppelmann, cofounder and CEO of Yelp, tweeted that Rabois's tweet was the "Equivalent to 'looking to fund startups running Windows95.'" While Protocol talked to other investors who argued that asking workers to return to the office shouldn't be a big deal, not everyone agrees, and the debate has spilled over onto Twitter, giving the public a glimpse into how executives and investors view the issue. According to ADP Research Institute, 64% of workers surveyed said they would consider looking for another job if their employer asked them to return full-time. Rabois's pushback to remote work comes at a time when many workers are pushing to continue having the option, and companies who allowed it during the pandemic are deciding what their policies will look like moving forward. He told Levitsky he "wouldn't hire any of those people," and that "ambitious people want to work IRL." When asked about the idea that some companies can't afford to lose potential talent by enforcing an in-office policy, Rabois was not convinced, Protocol reports. In May, Rabois tweeted that he was "Looking to fund IRL startups." (IRL is an abbreviation for "in real life.") In a follow-up message to Levitsky, Rabois said he was "only investing in startups that are primarily IRL." ![]() Protocol's Allison Levitsky recently talked with a range of venture capitalists who view in-office work as important, including investor Keith Rabois, a partner at Founders Fund and member of a group of early PayPal co-founders and employees known as the PayPal Mafia. Rabois recently told Protocol that "ambitious people want to work IRL."Įlon Musk isn't the only person who doesn't like remote work - many investors agree. VCs like Keith Rabois have also expressed their preference for bringing workers into the office. Elon Musk isn't the only person who's been vocal about a disapproval of remote work culture. ![]()
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