| Information | Details |
|---|---|
| Full Name | David Sacks |
| Date of Birth | May 25, 1972 |
| Gender | Male |
| Age | 52 years old |
| Birthplace | Cape Town, South Africa May 25, 1972 |
| Nationality |
African – American
|
| Profession | Entrepreneur and Author |
| Height | 6 Feet and 1 Inches |
| Weight | 70 Kilograms |
| Marital Status | Married |
| Wife/Girlfriend | Jacqueline Tortorice |
| Education | Stanford University with a degree in economics, and a Doctor of Law degree from the University of Chicago Law School. |
| Net Worth | $200 Million |
| Zodiac Sign | Aquarius |
Short Bio David Sacks
Born in New York City in 1972, David Oliver Sacks studied computer science and economics at Stanford University before working at McKinsey & Company. He co-founded PayPal in 1999 alongside notable entrepreneurs such as Elon Musk and Peter Thiel, leading to its acquisition by eBay for $1.5 billion in 2002.
After PayPal, Sacks successfully launched Geni.com and Yammer, which Microsoft acquired for $1.2 billion in 2012. He also produced the Golden Globe-winning film Thank You for Smoking. These achievements have greatly contributed to David Sacks’ net worth, establishing him as a prominent entrepreneur and producer.
Early Life of David Sacks
David Oliver Sacks was born on May 25, 1972, in Cape Town, South Africa, and moved to Tennessee, USA, with his family during his childhood. He graduated from Stanford University with a degree in economics and later earned a Doctor of Law degree from the University of Chicago Law School.
His strong academic background and diverse experiences have significantly shaped his career in technology and investment. These educational achievements have played a crucial role in his success, notably influencing David Sacks’ net worth as he became a key player in founding PayPal and participating in other significant tech ventures.
Education of David Sacks
David Sacks was born in 1972 in Cape Town, South Africa, David Sacks moved to Tennessee with his Jewish family when he was five years old. Inspired by his grandfather, a candy business innovator from the 1920s, Sacks initially had reservations about entering the business world.
However, while earning his BA in Economics from Stanford University in 1994, Sacks developed a strong passion for technology, captivated by its potential to transform businesses and society. After graduating, he pursued a career in information technology, starting at Microsoft among other major companies.
These roles allowed him to hone his software engineering skills and tackle complex problems, quickly gaining a reputation for creativity and problem-solving.
David Sacks also completed a J.D. from Chicago Law School in 1998, but he chose not to follow a legal career path. Instead, he continued to make a significant impact in the technology sector.
David Sacks: Pioneering Leadership and Innovation in His Career Journey
David Sacks began his career as a management consultant at McKinsey & Company before joining PayPal in 1999, where he worked closely with Peter Thiel as the company’s first Chief Operating Officer (COO). It was during his time at PayPal that Sacks met Elon Musk, and the two have maintained a strong friendship ever since, becoming well-known members of the influential PayPal Mafia.
At PayPal, Sacks played a crucial role in establishing and expanding key departments such as Sales & Marketing, Customer Service, and Human Resources. His leadership and strategic initiatives helped propel PayPal’s revenue to over $200 million in just three years.
In 2002, his efforts culminated in eBay acquiring PayPal for $1.5 billion, a move that significantly contributed to David Sacks’ net worth and cemented his reputation as a major force in the tech industry.
David Sacks: Pioneering Entrepreneur and His Major-Tech Successes
Inspired by his grandfather, who owned a candy factory, David Sacks has always been drawn to entrepreneurship. In 2008, he founded Yammer, a pioneering software-as-a-service (SaaS) tool that predated Slack.
Yammer quickly became one of the fastest-growing SaaS tools ever, taking the top spot at TechCrunch’s TechCrunch50 event. Its rapid growth led to Microsoft acquiring it in 2012 for $1.2 billion, marking the quickest billion-dollar exit for a SaaS company from its inception to sale, a record that still stands. Additionally, Sacks launched Geni.com in 2006, a family tree-building website, which was acquired by MyHeritage in 2012.
David Sacks: Leading Craft Ventures and Diving into Crypto Investments
In 2017, David Sacks co-founded Craft Ventures, a venture capital firm that now manages assets close to $2 billion, focusing mainly on SaaS (Software as a Service) companies. Sacks is particularly interested in investing in early-stage SaaS startups. Beyond the tech world, he has also ventured into cryptocurrency, becoming one of the initial investors in the Solana crypto token.
David Sacks: Recognized Leader and Innovator in Business
In 2012, David Sacks was named in the San Francisco Entrepreneurial Times’ 40 Under 40 list, which highlighted his early achievements in starting businesses. His innovative ideas in managing workforces earned him the 2011 Workforce Management Game Changers Award, a recognition given by his professional peers and experts in the field.
Additionally, he was listed among the Most Admired CEOs by the San Francisco Business Times Bay Area for his effective leadership in his company and his positive influence on the wider business community.
David Sacks – Podcast and Social Media
David Sacks later developed Callin, an innovative app that merges podcasting with live social interaction, similar to a live podcast in the style of Clubhouse. He is also quite active on Twitter, frequently posting business advice and his thoughts.
Additionally, he co-hosts the All-In podcast with his friends, who discuss topics like venture capital, technology, the economy, startups, and politics. The podcast has grown popular, attracting over 300,000 subscribers and nearly 100,000 monthly listeners. This venture contributes to David Sacks’ net worth and his reputation as a key influencer in the tech community.
Relationship Status of David Sacks
David Sacks resides in San Francisco with his wife Jacqueline Tortorice, who is also an entrepreneur, and their three children. Together, they form a family deeply involved in the entrepreneurial world, fostering a creative and business-oriented environment at home.
Best Quotes of David Sacks
“After PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPal’s original vision to create the new world currency.”
“Money is being made programmable. That’s a fundamental change with implications we can still barely see.”
“The big development since the emergence of Bitcoin itself is that the underlying enabling technology, the blockchain, has been turned into a developer platform.”
“In its purest form, currency is confidence.”
“Zenefits has made mistakes, but it never lost its product-market fit.”
“Hierarchy of startup skills in ascending order: business, technical, product or design, and growth.”
“Scalability has been a high-class problem that occurs because a new technology gains rapid adoption.”
What is David Sacks’ net worth?
David O. Sacks has built a substantial fortune with an estimated net worth of $200 million. As a seasoned tech entrepreneur and investor, he previously served as the COO of PayPal. Currently, he is a co-founder and general partner at Craft Ventures, a venture capital fund that invests in early-stage SaaS companies such as ClickUp, OpenPhone, and Sourcegraph.
Additionally, he co-hosts the All-In podcast, where discussions range from venture capital and technology to the economy, startups, and politics, adding to his influence in the tech industry.
FAQs
1) Who is the David Sacks?
David Sacks is an Entrepreneur and Author.
2) What is David Sacks’s net worth?
David Sacks’s Net Worth is about $200 Million.
3) What is the Height of David Sacks?
David Sacks is about 6 Feet and 1 Inches tall.
4) What is the Weight of the David Sacks?
David Sacks is about 70 Kilograms.
5) Where was the David Sacks born?
David Sacks was born in Cape Town, South Africa.
6) What is the Birth Date of the David Sacks?
David Sacks was born on May 25, 1972.
7) What is the Age of David Sacks?
David Sacks is 52 years old.
8) What is the Nationality of David Sacks?
David Sacks is an African-American Entrepreneur and Author.
Wrap Up
David Sacks has distinguished himself as a major force in the tech industry, from co-founding PayPal to launching successful ventures like Yammer and Geni.com. His leadership at Craft Ventures and his contributions to discussions on tech and economics through his podcasting amplify his influence.
Living in San Francisco with his family, Sacks remains a pivotal figure in shaping technological innovation, with a net worth of approximately $200 million. His career is a testament to the power of vision and adaptability in the dynamic world of technology.
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