An ex-PayPal employee said one of his observations of Elon Musk is that he never does just one thing.
Jason Portnoy spoke to “The Tim Ferriss Show” about working at PayPal, where Musk was CEO in 2000.
He said Musk could benefit from being able to apply lessons from one company to another.
Elon Musk may be one of the world’s busiest businessmen, but there’s an upside to having so much going on, said a former PayPal employee turned author.
Jason Portnoy, former vice president of finance at PayPal, where Musk was CEO in 2000, told the “Tim Ferriss Show” podcast last week that one of his biggest observations from working with Musk, Peter Thiel and Reid Hoffman — members of the so-called PayPal mafia – is that “they never did just one thing at a time.”
Portnoy said he found this interesting because, logically, people who work on something only focus on that thing. Musk, Thiel and Hoffman were involved in multiple companies and ventures during and after their time with PayPal.
“I feel like they benefited a lot from that, because they would be exposed to different ideas, or solve different problems, or meet different people,” he said. “There was just all these things that they were doing. And then they would take that back to the PayPal office.”
Portnoy, an entrepreneur and venture capitalist who was also the chief financial officer of Palantir, the data company founded by Thiel, appeared on the podcast to discuss his book “Silicon Valley Porn Star,” documenting his career in Silicon Valley. , where he was the 34th employee of PayPal, as well as his parentage and recovery from porn addiction.
Portnoy’s first contact with Musk came in 2000 when he joined Confinity, the payment startup founded by Thiel from which PayPal emerged. At the time, Musk was working on a startup, the payment platform X.com, across the street on University Avenue in Palo Alto, California.
X.com merged with Confinity to become PayPal, and Musk Spent a short time as CEO before he was impeached in 2000. He went on to found Tesla, SpaceX and The Boring Company, which he is still involved with.
This week, he came one step closer to owning the social media platform Twitter when the company’s board of directors tentatively signed to its proposed $44 billion purchase† in a proxy filing with the Securities and Exchange Commission, they advised shareholders to reverse the deal. Twitter has not yet set a date for the vote.
Portnoy said he was sure Musk learned things from one company that he applies at another. “And so I think there may be some benefit,” he added.
With an estimated net worth of approximately $219 billion, according to ForbesMusk is the richest man in the world. He has talked about work more than 100 hours a week but acknowledged that this was sometimes at the expense of his family life and his sleep.
Musk has recently been criticized for suggesting that: workers who don’t “burn the oil of 3 a.m.” trying to avoid work somehow.
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