![]() ![]() According to 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. In 2008, Yammer launched the first Enterprise Social Network, a secure solution for internal corporate communication and collaboration, winning the grand prize at TechCrunch50 conference. In 2008, Sacks and co-founder Adam Pisoni spun this internal communications tool into a standalone company called Yammer. At Geni, he wanted more visibility into what was going on across the organization, so the team created a productivity tool to help employees share information. In 2006, Sacks founded, a genealogy website that enables family members to collaboratively build an online family tree. Area Film Critics Association Awards and the San Diego Film Critics Association Awards, and Top Films of the Year at the New York Film Critics Online. The movie also won Best Screenplay at the Independent Spirit Awards, Audience Awards at both the Munich and Norwegian Film Festivals, Best First Feature at the Toronto Film Critics Association Awards, Best Adapted Screenplay at the Washington D.C. Thank You for Smoking was nominated for two Golden Globes in 2007 for Best Picture and Best Actor in the Comedy/Musical category. Macy, Sam Elliott, Rob Lowe, Maria Bello, Katie Holmes, Adam Brody, and Robert Duvall. The cast included Aaron Eckhart, William H. īased on Christopher Buckley's 1994 novel of the same title and adapted for the screen by director Jason Reitman, Thank You for Smoking is a satirical look at the culture of spin. Thank You for Smoking įollowing PayPal's acquisition, Sacks produced and financed the movie Thank You for Smoking through his independent production company, Room 9 Entertainment. They are often credited with inspiring Web 2.0 and for the re-emergence of consumer-focused Internet companies after the dot com bust of 2001. Sacks is 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. In October 2002, eBay acquired PayPal for $1.5 billion. The stock rose more than 54% on the first day. It was one of the first IPOs after the September 11 attacks. PayPal had their initial public offering in February 2002. The company introduced business accounts, and expanded into multiple currencies and over 80 countries. ĭuring his tenure, PayPal grew payment volume from zero to $3.5 billion per year and revenue from zero to over $100 million in 2001. As PayPal's COO and product leader, he 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, and human resources functions. In 1999, Sacks 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 Max Levchin and Peter Thiel. from the University of Chicago Law School in 1998. in economics from Stanford University in 1994 and received a J.D. Sacks attended Memphis University School in Memphis, Tennessee. He took inspiration from his grandfather, who started a candy factory in the 1920s. Though Sacks did not know he wanted to be an entrepreneur, he did not want to work a profession like his father, who was an endocrinologist. Sacks was born in Cape Town, South Africa, and immigrated to Tennessee, United States, with his family when he was five. His angel investments include Facebook, Uber, SpaceX, Palantir Technologies and Airbnb. In 2017, Sacks co-founded Craft Ventures, an early-stage venture fund. In 2016, he became interim CEO of Zenefits for 10 months. Previously, Sacks was the founding COO and product leader of PayPal and founder/ CEO of Yammer. He is general partner of Craft Ventures, a venture capital fund he co-founded in late 2017. David Oliver Sacks (born ) is an entrepreneur, author, and investor in internet technology firms. ![]()
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