David O. Sacks Quotes

United States, Entrepreneur
May 25, 1972

David Oliver Sacks is an entrepreneur and investor in internet technology firms. He is general partner of Craft Ventures, a venture capital fund he co-founded in late 2017. Previously as an entrepreneur, Sacks was the founding COO and product leader of PayPal (acquired by eBay in 2002 for $1.5 billion) and Founder/CEO of Yammer (acquired by Microsoft in 2012 for $1.2 billion). In 2016, he led the turnaround of Zenefits as interim CEO. In 2017, Sacks co-founded blockchain startup Harbor as an incubation of Craft Ventures. His angel investments include Facebook, Uber, SpaceX, Palantir Technologies, Airbnb and Houzz.

Also known as Investor

There is some risk that if the wrong regulatory regime gets adopted in the U.S., then the center of innovation could move to other countries. If blockchains are the next Internet, that would be a very unfortunate development for the U.S.

David O. Sacks
- Risk
- Innovation
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.'

David O. Sacks
- World
- Vision

Money is being made programmable. That's a fundamental change with implications we can still barely see.

David O. Sacks
- Money
If you allowed PayPal to pursue its destiny, there are moves it could make to become the largest financial company in the world.

David O. Sacks
- World
- Financial
- Destiny
Almost any illiquid asset today lends itself well to moving onto the blockchain and becoming tokenized. It will create a deeper market with improved price discovery and should increase the value of those assets.

David O. Sacks
- Today
- Moving
- Value