Summary of Jimmy Soni’s The Founders

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Jimmy Soni’s The Founders (2022) is the remarkable success story of one of the world’s largest online payment systems and the entrepreneurs who turned what seemed like an overambitious vision into reality. Sonic chronicles how PayPal’s turbulent start threatened the company’s whole existence, amid heated competition and a ceaseless fight for power.

PayPal resulted from the historic merger of two separate companies: Elon Musk’s X.com and Confinity, founded by Peter Thiel and Max Levchin. Even though they are all leading figures in today’s technology industry, their early struggles and the effort they put into making PayPal remain largely under the radar.