Summary: David Sacks is an American entrepreneur, investor, and software executive known for his work in the technology industry. He co-founded and served as the CEO of Yammer, an enterprise social networking platform, which was acquired by Microsoft in 2012 for $1.2 billion.
Sacks also played a crucial role in the development of PayPal as its COO and was involved in other successful ventures such as Geni.com and Craft Ventures. As of March 2023, his estimated net worth is around $1.5 billion, though it may have changed since then.
Who is David Sacks?
David Sacks (@DavidSacks on Twitter) is a prominent American entrepreneur, investor, and software executive, born in 1972 in Cape Town, South Africa. He holds a B.A. in Economics from Stanford University and a J.D. from the University of Chicago Law School. His professional background includes roles as the COO of PayPal, founder and CEO of Geni.com, co-founder and CEO of Yammer, and a brief stint as the interim CEO of Zenefits. Sacks has also invested in major tech companies like Facebook, Uber, and Airbnb.
Currently, David Sacks is a founding partner at Craft Ventures, a venture capital firm established in 2017 that focuses on early-stage technology investments. Through Craft Ventures, Sacks continues to support and mentor startups and entrepreneurs, guiding them towards success and growth. He is also a prominent voice on the All In Podcast with Chamath Palihapitiya, Jason Calacanis, David Sacks & David Friedberg.
Is David Sacks Bullish on Crypto?
David Sacks has expressed bullish sentiments on cryptocurrencies in the past. He has described crypto as a significant innovation and disruptive force in the financial industry. Sacks has also made investments in cryptocurrency-related companies, such as Harbor, a blockchain-based platform for tokenizing securities, which he co-founded.
What is David Sacks Net Worth?
David Sacks' estimated net worth is around $1.5 billion. However, it's important to note that net worth can change over time due to various factors, including fluctuations in the value of investments. Sacks built his wealth through a combination of entrepreneurship, executive roles, and early investments in companies like Twitter, Facebook, Uber, SpaceX, Tesla, Palantir and many others.
In conclusion, David Sacks has made a significant impact on the technology industry through his entrepreneurial endeavors, executive roles, and investments. With an estimated net worth of around $1.5 billion, Sacks has been involved in numerous successful ventures such as PayPal, Yammer, Geni.com, and Craft Ventures. As a founding partner of Craft Ventures, he continues to mentor and support startups, while also maintaining a strong presence in the crypto space.
I fell into crypto during the 2017 mania and have been around ever-since. I now write, research and publish my own reports on the digital asset ecosystem.