David Saacks

David Saacks

David Sacks is an entrepreneur and venture capitalist who has created numerous successful businesses. As the founder of Craft Ventures, he has invested in Uber, Airbnb, SpaceX, and Coinbase among others.

He is a member of the PayPal Mafia, an elite group responsible for founding PayPal and other successful businesses. Additionally, he is an outspoken conservative political activist and co-authored The Diversity Myth: Multiculturalism and Political Intolerance on Campus with Peter Thiel.

Early Life and Education

David Sacks was born on May 25, 1972 in Cape Town, South Africa and is a technology entrepreneur/investor and author.

He earned a bachelor’s degree in economics from Stanford University and a law degree from the University of Chicago, working as a lawyer before embarking on his entrepreneurial journey as a tech founder.

He is an active participant in the Silicon Valley community. He has donated to numerous causes, such as Woodrow Wilson International Center for Scholars and ACLU. Furthermore, he advocates for education and medical research.

Professional Career

David Saacks is an accomplished entrepreneur and tech executive. He founded Craft Ventures, an early-stage venture capital firm that has invested in startups such as Uber, Airbnb and many others.

He has also been a partner at Zenefits, an HR SaaS platform for businesses. Additionally, he has held executive roles at several other technology firms.

While Sacks was at McKinsey, his Stanford friend Peter Thiel had an idea for a company called Confinity that would enable money transfers between Palm Pilots.

Sacks initially rejected the concept, but eventually became passionate about it. He transformed Confinity from a startup with no product to one with over 200 employees and a $1 billion valuation in just seven years!

Achievements and Honors

David Saacks is a renowned tech expert. He made his mark as PayPal’s first product leader and COO during the company’s early days, revolutionizing their most notable invention from beaming money on Palm Pilots to emailing money, inventing their patented business model, building and running many key teams such as marketing, sales, engineering, operations, fraud detection and HR functions.

One of his more noteworthy accomplishments was serving as interim CEO of Zenefits for one year, helping it grow from a dot com to an industry leader. Though he stepped down as Chief Product Officer, his resume continues to garner awards – most recently being named one of CB Insights’ 100 Most Influential People in Silicon Valley.

Personal Life

David Sacks is a renowned businessman and venture capitalist who has founded multiple successful businesses over the years. He’s also part of the PayPal Mafia, founded by German-American billionaire Peter Thiel with his partners.

He is a well-known conservative who often speaks out against liberal government. His long history of political donations has served to fuel the ambitions of traditional Republican politicians such as Masters and Vance.

Sacks is well known for his charitable contributions and investments. He invests in various businesses such as real estate and initial public offerings (IPOs). With an entertainment background, Sacks owns Room 9 Entertainment – an independent film company. It was Sacks who funded the movie Thank You for Smoking, based on a book of the same name.

Net Worth

David Sacks is a successful tech entrepreneur and investor. He co-founded and serves as general partner at Craft Ventures, a venture capital firm that invests in early-stage technology projects. Additionally, David contributes regularly to the All In podcast hosted by Chamath Palihapitiya and Jason Calacanis.

He is an entrepreneur and the founder of several companies, such as Yammer and Room 9 Entertainment. Additionally, he has a passion for philanthropy; making significant donations to various causes.

Sacks’ success can be attributed to his hard work and dedication. He serves as an inspiration to anyone aspiring to financial independence, serving as a reminder that with the right amount of effort you can make an impact in the world.

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