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(Paperback - Revised)
When Peter Thiel and Max Levchin launched an online payment website in 1999, they hoped their service could improve the lives of millions around the globe. But when their start-up, PayPal, survived the dot.com crash only to find itself besieged by unimaginable challenges, that dream threatened to become a nightmare. PayPal's history – as told by former insider Eric Jackson – is an engrossing study of human struggle and perseverance against overwhelming odds. The entrepreneurs that Thiel and Levchin recruited to overhaul world currency markets first had to face some of the greatest trials ever thrown at a Silicon Valley company before they could make internet history. Business guru Tom Peters, author of "In Search of Excellence," called the hardcover edition of The PayPal Wars "a real page turner" that featured what he called "the best description of business strategy unfolding in a world changing at warp speed." The new paperback edition will feature updated material and even more insights on the state of internet commerce.
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May 21, 2007: The PayPal Wars provides a good narrative of life inside a silicon valley startup. The story starts from the humble beginnings of yet another dot-com that garnered traction via viral marketing. However, the difference was in this company's nimbleness in maneuvering around its obstacles. The author discusses the company's various competitive responses without boring the reader with too much detail. The reader gets a good appreciation of the importance of timing in the rapidly changing Internet space. Overall a brisk and informative read.