Dossier
PayPal Mafia
Coverage of PayPal Mafia in the Nexus archive.
- Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
JB Straubel's initial pitch to Elon Musk for an unmanned hydrogen-powered airplane failed, but he later proposed an electric sports car using lithium-ion cells. Musk invested, leading to Tesla's founding. Straubel became Tesla's CTO, developing its first battery pack and contributing to its growth into a $1.3 trillion company.
- SpaceX adds a third ‘PayPal Mafia’ member to its board
SpaceX has added Roelof Botha, a PayPal venture capitalist, to its board. He will serve on the audit committee.