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The PayPal Wars: Battles With Ebay, the Media, the Mafia, And the Rest of Planet Earth (Paperback)
by Eric M. Jackson
| Category:
Entrepreneurship, Innovation, Business success, Technology, New economy |
| Market price: ¥ 168.00
MSL price:
¥ 158.00
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Author: Eric M. Jackson
Publisher: World Ahead Publishing
Pub. in: September, 2006
ISBN: 0977898431
Pages: 270
Measurements: 8.1 x 5.5 x 0.8 inches
Origin of product: USA
Order code: BA01175
Other information: ISBN-13: 978-0977898435
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- MSL Picks -
The Paypal Wars is one of the most enjoyable books I've read recently. It provides a first person narrative of how Paypal met multiple challenges on it's way to profitability and success. Eric writes about joining the firm in 1999 after being recruited away from Arthur Andersen. He discusses many of the challenges the young firm encountered. These included competing firms, banks, regulators and even eBay-its biggest source of transactions.
For those who have never used the service, Paypal is a money transfer service for individuals. It makes it possible to send money to anyone with an e-mail address. The transfers are funded from bank accounts or from a backup credit card. This service became wildly successful as a means for settling transactions in eBay auctions. It also was used as a way to send money across the country and to pay for transactions in shopping carts.
Anyone interested in the inner workings of a dot-com company will be fascinated by this book. The title is a little misleading in that there is very little information on how or when Paypal beat back the mafia or any organized crime group. However, the book does include great narrative of the dedication of Paypal's employees and of the success that they were able to achieve against a constant set of obstacles.
The book ends with the Paypal IPO and subsequent buyout by eBay. Every chapter of the book is fascinating and you can almost feel the stress that the author felt while an employee at Paypal. Unfortunately for the people who grew Paypal from an idea to a successful venture, eBay stifled the innovation and the empowerment that employees felt prior to the acquisition. All the top executives left soon after the acquisition and even the author of the book left after a short period of time in the new organization.
I recommend this book highly. Mr. Jackson has even won a few awards for this book.
(From quoting Robert Alonso, USA)
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- Better with -
Better with
Amazon.com: Get Big Fast
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Eric M. Jackson directed PayPal's marketing operations and played an instrumental role in guiding the company to profitability. An accomplished writer, businessman, and co-winner of eBay's "Jeff Skoll Community Award," Jackson holds an economics degree from Stanford University and currently serves on the boards of several organizations. He lives in California with his wife. --This text refers to an out of print or unavailable edition of this title.
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From Publisher
When Peter Thiel and Max Levchin launched an online payment website in 1999, they hoped their service could improve the lives of millions around the globe. But when their start-up, PayPal, survived the dot.com crash only to find itself besieged by unimaginable challenges, that dream threatened to become a nightmare. PayPal's history - as told by former insider Eric Jackson - is an engrossing study of human struggle and perseverance against overwhelming odds. The entrepreneurs that Thiel and Levchin recruited to overhaul world currency markets first had to face some of the greatest trials ever thrown at a Silicon Valley company before they could make internet history.
Business guru Tom Peters, author of "In Search of Excellence," called the hardcover edition of The PayPal Wars "a real page turner" that featured what he called "the best description of business strategy unfolding in a world changing at warp speed." This new paperback edition features updated material and even more insights on the state of internet commerce.
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From the Publisher, USA
<2008-02-26 00:00>
Congratulations to "The PayPal Wars" by Eric M. Jackson, winner of the 2005 Writers Notes Book Award for best business book, winner of the 2005 DIY Book Award for non-fiction, and runner-up in the 2004 USA Book News' Best Book Award for business.
"The PayPal Wars" is not your ordinary business book! Tom Peters - management guru and author of the classic "In Search of Excellence" - said this book "kept me up all night reading" and declared it "the best description of 'business strategy' unfolding in a world changing at warp speed." It's been called "an absorbing insider's story" by the Washington Times and hailed for its "engaging narrative [that] reads like a spy novel" by Reason Magazine. With its fast-paced story and an unabashedly pro-capitalist message, "The PayPal Wars" is a gripping and intelligent read from cover to cover.
This candid insider's account shows firsthand how PayPal launched its online payment service and set out to revolutionize the world's currency markets. But when the startup's plucky entrepreneurs found themselves confronting eBay (their #1 source of customers!) as well as organized crime rings, money-grubbing lawyers, and even regulation-happy NY Attorney General Eliot Spitzer, the entire venture takes a turn for the worse.
Order "The PayPal Wars" today and learn how PayPal overcame these daunting obstacles to become the world's leading online payment service and eBay's fastest-growing business division.
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From the Inside Flap, USA
<2008-02-26 00:00>
When Peter Thiel, a California hedge fund manager, and Max Levchin, a Ukrainian engineer, launched an online payment Web site in 1999, they hoped their service could improve the lives of millions of people around the globe. But after their startup, PayPal, survived the dot-com crash only to find itself besieged by an unimaginable series of challenges, that dream threatened to become a nightmare.
Chronicled here for the first time, PayPal's history - as told by former insider Eric Jackson - is an engrossing story of human struggle and perseverance against overwhelming odds. PayPal went from unknown startup to online powerhouse in just two years, but for the company's employees it was not an easy journey. The entrepreneurs that Thiel and Levchin recruited to overhaul world currency markets first had to face one of the greatest series of trials ever thrown at a Silicon Valley company before becoming part of Internet lore.
Jackson's lively, blow-by-blow account of PayPal's death-defying beginnings and ferocious battles offers a detailed perspective that only an insider could provide. Read The PayPal Wars and you'll learn how:
- EBay unleashed a no-holds-barred effort to dislodge an unwelcome PayPal from its site.
- Organized crime attempted to ransack PayPal - but the company fought back.
- Turmoil pushed PayPal to the brink of insolvency before it turned its business around.
Faced with these daunting challenges, PayPal survived thanks to a unique corporate culture that empowered its talented employees to push the envelope. But an entrepreneurial environment and gifted people weren't enough to ward off every threat. "Our clashes with the credit card associations, the banking lobby, state regulators, foreign Mafioso, and litigation-happy lawyers significantly increased after our IPO," writes Jackson, adding that the public offering that was meant to strengthen PayPal with an infusion of cash ironically attracted a rogue's gallery of foes instead.
"The modern business environment," Jackson concludes, "turned out to be more hostile than even our fiercest competitor." This somber warning - that regulators, lawyers, and lobbyists threaten to undermine American entrepreneurship - makes The PayPal Wars a timely read for every businessman, investor, and concerned citizen. |
Nicholas Stehle (MSL quote), USA
<2008-02-26 00:00>
In this brilliant and precise work, Eric Jackson recounts his days at Internet startup PayPal from its early days to its sale to eBay. Through the eyes of a brilliant young businessman, we watch the development of the culture at PayPal as well as its constant battles with the media, the Mafia and our own version of the mafia, government regulators.
This page-turner is a must read for everyone person thinking about starting a new business, big or small, and is sure to keep your attention throughout.
Jackson shares with thousands of other young people the desire to shake-off the shackles of corporate America and exchange them for a freedom to create wealth. His vision and his courage are displayed in this book.
Buy it. Read it. You won't be disappointed. |
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