Uncategorized

PayPal network. Not mafia, but real value of a social network.

With the advent of FaceBook, LinkedIn, Twitter and a whole lot of social networks, the common understanding has been how large and how many people are on my network, how many people like what I do, etc. If you really look around the real value of social networks that execute are;

1. Small in size (10s)
2. All Closed and Private
3. Personal or Professional, they execute as NxN as value.

Screen Shot 2013-09-18 at 10.30.57 AM

PayPal is a great example of a professional social network. Referred to as “mafia” by some, but what it really reflects is that this is a social network that creates value for itself through deep trust and thus the result collaboration from taking risks.

PayPal Mafia” is a term used to indicate a group of former PayPal employees and founders who have since founded and developed additional technology companies such as Tesla MotorsLinkedInPalantir TechnologiesSpaceXYouTubeYelp Inc., and Yammer
http://en.wikipedia.org/wiki/PayPal_Mafia

PayPal Members – Individuals whom the media refers to as members of the PayPal Mafia include:

Why London lacks a PayPal Mafia of its own
PayPal spawned a whole ecosystem of entrepreneurs and investors, but that hasn’t happened in London
http://vator.tv/news/2013-11-04-here-is-why-london-lacks-a-paypal-mafia-of-its-own#AkoQky2QDHo7OWCj.99

The lesson is. Personally of professionally. Large does not mean value, the real value is when your network “invests” what is most important to the other, time, credibility, skills and capital. Else it’s just not value. Why are social companies like FB, Twitter, Pinterest, et al struggling to find a business model. All these networks are open, large and the investment of members in each other is really just MB (Content) and MBPS (Bandwidth). Remember the laws of tech, they are free!

 

 

Categories: Uncategorized

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