David Sacks Craft Ventures Bio Wiki Age Wife Paypal Salary and Net Worth
David Sacks (Full Name: David Oliver Sacks) is a popular entrepreneur and investor in internet technology firms. As of now, he works as a co-founder of Craft Ventures an early-stage VC fund dedicated to the craft of building great companies, and is a co-host of the All In podcast alongside Chamath Palihapitiya, Jason Calacanis, and David Friedberg.
Before, Sacks served as 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, Sacks led the turnaround of Zenefits as interim CEO. In 2017, he co-founded Craft Ventures, an early-stage venture fund.
Sacks was born onMay 25, 1972,in Cape Town, South Africa. He is51 years old.Sacks celebrates his birthday on May 25, every year.
He is a man of average stature. Sacks stands at a height of5ft 7 in(Approx. 1.7 m).
He was born in Cape Town, South Africa and when he was only five years old, Sacks’ parents relocated from South Africa to Tennessee, United States. Sacks has not offered any information about his parents’ and siblings’ names and whereabouts.
Sacks is married to his wifeJacqueline Tortorice. The pair married on 7 July 2007. Sacks and his wife Jacqueline also have two daughters and one son.
He attended Memphis University School in Memphis, Tennessee. Sacks later earned his B.A. in economics from Stanford University in 1994 and also received a J.D. from the University of Chicago Law School in 1998.
Sacks works as a co-host of the All In podcast alongside Chamath Palihapitiya, Jason Calacanis, and David Friedberg. The three cover all things economic, tech, political, social & poker.
In 2017, he co-founded Craft Ventures an early-stage VC fund dedicated to the craft of building great companies. Sacks raised an initial fund of $350 million. The company raised $1.1B in 2021, which brought total assets under management to $2B, according to a Medium post published by the company.
In 1999, he left his job as a management consultant for McKinsey & Company to join e-commerce service PayPal, which had been co-founded the year before by Peter Thiel. Being a PayPal’s COO and product leader, Sacks built many of the company’s key teams and was responsible for product management and design, sales and marketing, business development, international, customer service, fraud operations, as well as human resources functions.
Over his tenure, PayPal grew payment volume from zero to $500,000 per month and revenue from zero to $240 million annually. The company introduced business accounts, and expanded into many currencies and over 80 countries.
He is also a member of the so-called “PayPal Mafia”, a group of founders and early employees of PayPal who went on to found a series of other successful technology companies.
Sacks led the turnaround of Zenefits as interim CEO in 2016. Over the following year, Sacks negotiated a resolution with insurance regulators across the U.S. – receiving praise for “righting the ship”. He also revamped Zenefits’ product line with an initiative he named “Z2”, introducing a SaaS business model. Shortly later, PC Magazine would note Zenefits had become “the best HR software on the market”. He was succeeded by retired Ooyala CEO, Jay Fulcher.
Yammer launched the first Enterprise Social Network in 2008, a secure solution for internal corporate communication and collaboration, winning the grand prize at the TechCrunch50 conference. As for Social Capital, Yammer’s viral approach made it among the fastest-growing Software-as-a-Service (SaaS) companies in history, exceeding eight million enterprise users in just four years. It also received approximately US$142 million in funding from venture capital firms including Charles River Ventures, Founders Fund, Emergence Capital Partners, as well as Goldcrest Investments. Microsoft also acquired Yammer for $1.2 billion in July 2012, as a core part of its cloud/social strategy.
He was the co-author – with Peter Thiel – of the 1995 book The Diversity Myth: ‘Multiculturalism’ and the Politics of Intolerance at Stanford, published by the Independent Institute. This book is critical of political correctness in higher education and argues that more intellectual diversity is needed on college campuses. In 2016, he apologized for parts of the book.
During his time in college, he was the co-author – with Peter Thiel – of the 1995 book The Diversity Myth: ‘Multiculturalism’ and the Politics of Intolerance at Stanford, published by the Independent Institute. This book is critical of political correctness in higher education and argues that more intellectual diversity is needed on college campuses. In 2016, he apologized for parts of the book.
He has been investing in technology companies for twenty years. Being an angel investor, Sacks’ investments include Addepar, Affirm, Airbnb, Bird, Clutter, Eventbrite, Facebook, Gusto, Houzz, Intercom, Mixpanel, Opendoor, Palantir Technologies, PayPal, Postmates, ResearchGate, Scribd, Slack, SpaceX, SurveyMonkey, ThirdLove, Uber as well as Wish.
Sacks earns a satisfying amount from his work as a co-founder of Craft Ventures an early-stage VC fund dedicated to the craft of building great companies and is a co-host of the All In podcast alongside Chamath Palihapitiya, Jason Calacanis, and David Friedberg. Sacks’ average salary is$71,956per year.
He is a co-founder of Craft Ventures an early-stage VC fund dedicated to the craft of building great companies and is a co-host of the All In podcast alongside Chamath Palihapitiya, Jason Calacanis, and David Friedberg. Therefore, Sacks has accumulated a decent fortune over the years. Sacks’ estimated net worth is$991,647.
Sacks is a 51-year-old who was born on May 25, 1972, in Cape Town, South Africa.
Yes. Sacks married his wifeJacqueline Tortorice. The pair married on 7 July 2007. Sacks and his wife Jacqueline also have two daughters and one son.
He works as a co-founder of Craft Ventures an early-stage VC fund dedicated to the craft of building great companies, and is a co-host of the All In podcast alongside Chamath Palihapitiya, Jason Calacanis, and David Friedberg.
