Com with Chad Hurley and Steve Chen. They later sold it to Google for $1.65 billion in November 2006. Karim, along with Kevin Hartz and Keith Rabois, launched Youniversity Ventures in 2008, a business designed to help students and recent graduates develop business ideas. Karim's net worth is estimated to be around $140 million. Max Levchin Co-founder and CTO of the company, after PayPal, he founded Slide, and in 2010 he sold it to Google for $184 million, choosing to stay with Google as their Vice President of Engineering.
While working at Slide, he was involved in settin denmark telegram data g up Yelp, a business review website. Other like-minded members of the PayPal Mafia include Keith Rabois, David Sacks, Premal Shah, Andrew McCormack, Jeremy Stoppelman, Roelof Botha, Russel Simmons, Dave McClure, Steve Chen, Chad Hurley. Some of the business models they adopted : Hidden revenue model : The early investors in Facebook, Peter Thiel, Roelof Botha, and David Sacks, adopted the hidden revenue business model.
When a user clicks on sponsored content, Facebook gets paid by the advertisers. Although the business model is considered hidden due to its free-to-consumer nature, its revenue source is through user monetization via ads. Multi-sided Platform Model : LinkedIn co-founder Reid Hoffman, and PayPal mafia investors, such as Peter Thiel and Keith Rabois, adopted this business model that acts as "invisible middlemen" in interactions between buyers and sellers, which is called a multi-sided platform .
Facebook's business model derives its revenue from the ads that are placed on users' news feeds
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