A captivating examination of a significant consortium of tech pioneers.
A modern technology success story about the Silicon Valley innovators who developed one of the world’s largest payments companies.
Combining historical detail with biographical perspective, Soni sifts through PayPal alumni to reveal the company’s origins and the risks it took to surpass both its predecessors and contemporary competition. He seamlessly chronicles the early years of driven entrepreneurs like Peter Thiel, Max Levchin, Reid Hoffman, and Elon Musk, who began as a bank intern at 19. Soni writes extensively about PayPal’s beginning as a digital payment platform borne from a hybridized set of companies founded by Thiel and Levchin, whose business plan was essentially to simplify the ability to transfer money. This conglomerate locked horns and vied with Musk’s expanding X.com for eBay’s attention. Eventually, they combined forces to create a resilient startup merger that survived the 2000 dot-com bust despite its fair share of executive turmoil, lawsuits, fierce competition, fraudster infiltration, and imitators. In 2002, investors were stunned when eBay purchased PayPal only months after PayPal went public. “Eventually,” writes Soni, “eBay spun PayPal out on its own, and today it’s worth roughly $330 billion.” The author entertainingly elaborates on all the high drama, as interviews with former employees paint a vivid portrait of the early working environment at PayPal: cutthroat, chaotic, and mercilessly backbiting. Soni puts a positive, conclusive spin on the machinations of this select group of enterprising internet innovators (more contentiously known as the “PayPal mafia”) by describing their funding and developing efforts as well as their mentorship programs for other startups seeking to achieve comparable success. Soni effectively captures both sides: “For its critics, the group represents everything wrong with big tech—putting historically unprecedented power into the hands of a small clutch of techno-utopian libertarians. Indeed, it is hard to find a lukewarm opinion about PayPal’s founders—they are either heroes or heathens, depending on who offers the judgment.”
A captivating examination of a significant consortium of tech pioneers.Pub Date: Feb. 22, 2022
ISBN: 978-1-5011-9726-0
Page Count: 480
Publisher: Simon & Schuster
Review Posted Online: Dec. 13, 2021
Kirkus Reviews Issue: Jan. 1, 2022
BOOK REVIEW
BOOK REVIEW
Perhaps not magic but appealing nonetheless.
Want to get ahead in business? Consult a dictionary.
By Wharton School professor Berger’s account, much of the art of persuasion lies in the art of choosing the right word. Want to jump ahead of others waiting in line to use a photocopy machine, even if they’re grizzled New Yorkers? Throw a because into the equation (“Excuse me, I have five pages. May I use the Xerox machine, because I’m in a rush?”), and you’re likely to get your way. Want someone to do your copying for you? Then change your verbs to nouns: not “Can you help me?” but “Can you be a helper?” As Berger notes, there’s a subtle psychological shift at play when a person becomes not a mere instrument in helping but instead acquires an identity as a helper. It’s the little things, one supposes, and the author offers some interesting strategies that eager readers will want to try out. Instead of alienating a listener with the omniscient should, as in “You should do this,” try could instead: “Well, you could…” induces all concerned “to recognize that there might be other possibilities.” Berger’s counsel that one should use abstractions contradicts his admonition to use concrete language, and it doesn’t help matters to say that each is appropriate to a particular situation, while grammarians will wince at his suggestion that a nerve-calming exercise to “try talking to yourself in the third person (‘You can do it!’)” in fact invokes the second person. Still, there are plenty of useful insights, particularly for students of advertising and public speaking. It’s intriguing to note that appeals to God are less effective in securing a loan than a simple affirmative such as “I pay all bills…on time”), and it’s helpful to keep in mind that “the right words used at the right time can have immense power.”
Perhaps not magic but appealing nonetheless.Pub Date: March 7, 2023
ISBN: 9780063204935
Page Count: 256
Publisher: Harper Business
Review Posted Online: March 23, 2023
Kirkus Reviews Issue: April 15, 2023
Career and business advice for the hashtag generation. For all its self-absorption, this book doesn’t offer much reflection...
A Dumpster diver–turned-CEO details her rise to success and her business philosophy.
In this memoir/business book, Amoruso, CEO of the Internet clothing store Nasty Gal, offers advice to young women entrepreneurs who seek an alternative path to fame and fortune. Beginning with a lengthy discussion of her suburban childhood and rebellious teen years, the author describes her experiences living hand to mouth, hitchhiking, shoplifting and dropping out of school. Her life turned around when, bored at work one night, she decided to sell a few pieces of vintage clothing on eBay. Fast-forward seven years, and Amoruso was running a $100 million company with 350 employees. While her success is admirable, most of her advice is based on her own limited experiences and includes such hackneyed lines as, “When you accept yourself, it’s surprising how much other people will accept you, too.” At more than 200 pages, the book is overlong, and much of what the author discusses could be summarized in a few tweets. In fact, much of it probably has been: One of the most interesting sections in the book is her description of how she uses social media. Amoruso has a spiritual side, as well, and she describes her belief in “chaos magic” and “sigils,” a kind of wishful-thinking exercise involving abstract words. The book also includes sidebars featuring guest “girlbosses” (bloggers, Internet entrepreneurs) who share equally clichéd suggestions for business success. Some of the guidance Amoruso offers for interviews (don’t dress like you’re going to a nightclub), getting fired (don’t call anyone names) and finding your fashion style (be careful which trends you follow) will be helpful to her readers, including the sage advice, “You’re not special.”
Career and business advice for the hashtag generation. For all its self-absorption, this book doesn’t offer much reflection or insight.Pub Date: May 6, 2014
ISBN: 978-0-399-16927-4
Page Count: 256
Publisher: Portfolio
Review Posted Online: June 22, 2014
Kirkus Reviews Issue: July 15, 2014
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