For multiple consecutive years, the company received a perfect score on the Human Rights Campaign Corporate Equality Index. PayPal is committed to being an employer of choice for diverse people around the world. PayPal’s platform empowers over 179 million merchants and consumers from more than 200 international markets with tools and accounts for over 100 currencies. The two companies continue to offer tightly integrated services while pursuing more opportunities for growth with other partnerships. PayPal was originally part of the eBay corporate family of companies and became independent in 2015. PayPal maintains headquarters in San Jose, California, and oversees worldwide operations from its location in La Vista, Nebraska. The company also supports eligible associates with robust benefits for health and financial security and offers unique, additional benefits, such as on-site career development, resource groups for veterans and minorities, and paid sabbaticals for every five years of continued service. Flexible PayPal jobs have included freelance and optional, hybrid, and 100% remote jobs in the past. From its beginning in 1998, the financial technology company has been devoted to democratizing financial services and creating more opportunities for people to access the global economy. PayPal offers a fast, secure way for sellers and buyers to conduct transactions online and on the go. "We realized we forgot and ran outside to shoot this and right away sent it to our users, thanking them for helping us make Youtube.Researched & Written by Adrianne Bibby on the FlexJobs Team “You can still see it now - my face is rosy red, " he said. After a long few days of celebrating, Chen said the video they made in a half-drunk, half-tired state is still the most popular video he’s uploaded to Youtube. In fact, they almost forgot to tell their users. Fighting legal and copyright battles were becoming a daily struggle, and Google stepped in at the right time to help.Īfter the deal had gone through, Chen said that the entire team worked the whole weekend to make the transition final. “We hired everyone we had emails for, including a large part of the team at Paypal."īesides that, Chen said that once over 50% of the traffic was coming from outside the US, they had to figure out a globalization process. “We were at 65 employees at youtube when the acquisition happened, and in some ways we grew too quickly,” he said. "If there is a situation that makes all three parties happy, its a win-win-win."Ĭhen said that when it came to scaling, the acquisition couldn’t have come at a better time. There are people that create content, view content and pay for content,” he said. Why Google? Besides moving faster in the process than Yahoo, Chen said that he was inspired by how the search giant monetized without hurting their users. Google agreed, and after coming by for two Denny’s meetings, they arranged to acquire the video-sharing platform for a billion dollars. If there is a restaurant we won’t find any investors in, it will be Denny’s."Īfter a successful meeting with Yahoo, Chen decided it would be funny to sit at the same table with Google. "We had to pick a restaurant, but there are too many VCs in Redwood City. “When Yahoo approached us, we didn’t want to go to their HQ because people would know right away,” Chen said. "The Only Place we Could Meet in Secret"Īfter deciding with fellow co-founders Chad Hurley and Jawed Karim that the best path forward for Youtube to scale was to partner with a larger company, Chen organized a meeting with Yahoo and twice with Google at the same Denny’s restaurant in Redwood City to discuss their options. Instead of two years, it took nine months for Youtube to go from idea to acquisition, getting bought by Google for $1.65 billion. He developed a two-year plan: if his new company didn't take off in two years, or he ran out of money first, he would try to go back to Paypal and get a job. “I realized if I didn't venture out on my own now, I wouldn't have this opportunity later on in life,” he said. “Funny - then I found out that I could get two to three times past the limit if I paid it off multiple times a month."Ĭhen, an early employee at Paypal, said he realized it was the time to start a company after seeing Peter Theil build Paypal without any experience in banking. “We were self-funded, and right before we got acquired, I was reaching my credit card limit every month,” Chen said. How did someone who knew nothing about videos build Youtube? On credit cards and a grand-slam breakfast. Youtube co-founder Steven Chen divulged new details about the early days of Youtube during an interview with Google’s Bridgette Beam during the Startup Grind Global Conference.
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