David Sacks an American entrepreneur, investor and executive gained prominence. The creator of the online payment platform Yammer later acquired by Microsoft in 2012. He played pivotal roles in the establishment or co-founding of various other enterprises Geni Craft Ventures and Zenefits. This piece will delve into details of David Sacks net worth, age, height and other relevant aspects.
Who is David Sacks?
David Oliver Sacks, a native of South Africa spent his formative years in Cape Town. He earned a Bachelor of Arts in Economics from Stanford University. His impactful contributions have left a lasting mark on the IT sector.
Sacks garnered widespread acclaim for his work at PayPal. Where he eventually assumed the role of CEO. He is recognized as a member of the infamous PayPal mafia. A group of former PayPal employees known for their influence in the tech industry.
In 2002 Sacks ventured into entrepreneurship by founding Geni.com after departing from PayPal. He also played a role in Yammer’s IPO. The company was later acquired by Microsoft in 2012 for over $1 billion. Sacks served as an executive producer for the Golden Globe winning film Thank You for Smoking.
His successful investments extend to prominent companies SpaceX and Uber. Sacks was involved in the acquisition of Cobase. One of the most renowned Bitcoin exchanges globally. You may know about Erin Carden Net Worth.
Net Worth
David Sacks’ fortune is estimated to be around $200 million. A wealth accumulated through diverse investments and the triumphs of companies he either established or co-established.
In 2012 Microsoft acquired Yammer an online payment company founded by Sacks for a staggering $1.2 billion. The primary stakeholder in Yammer Sacks reaped substantial profits from the transaction.
Sacks is an active investor contributing to various enterprises Uber, SpaceX, Airbnb and Slack. Serving as the co-founder and managing partner of Craft Ventures. A prominent venture capital firm. He has played a pivotal role in the success of over 70 companies through strategic investments.
Wiki
| Name | David O. Sacks |
| First Name | Defia |
| Last Name | Rosmaniar |
| Occupation | Entrepreneur |
| Birthday | 25-May |
| Birth Year | 1972 |
| Place of Birth | Cape Town |
| Home Town | Western Cape |
| Birth Country | South Africa |
| Birth Sign | Gemini |
| Full/Birth Name | Defia |
| Father | Not Available |
| Mother | Not Available |
| Siblings | Not Available |
| Spouse | Jacqueline Tortorice |
| Children(s) | Not Available |
Biography
In 1972 David Sacks made his debut in the lively city of New York. He pursued studies in computer science and economics at Stanford University. Marking the beginning of his academic journey.
Post-graduation Sacks stepped into the professional realm as a management consultant at McKinsey & Company. The entrepreneurial spark ignited in 1999. When he co-founded PayPal alongside Elon Musk, Peter Thiel, Max Levchin and Luke Nosek.
PayPal rapidly emerged as one of the most triumphant startups during the dotcom era. Ultimately being acquired by eBay for a substantial $1.5 billion in 2002.
Following his PayPal venture Sacks delved into the realm of business social networking platforms by founding Yammer. In 2017 he ventured into the world of venture capital by establishing Craft Ventures in collaboration with his partner. This investment firm focuses on early stage technology companies.
Career
David Sacks career journey is a testament to his entrepreneurial prowess and transformative leadership. A management consultant at McKinsey & Company. He joined forces with Peter Thiel at PayPal in 1999.
Playing a pivotal role as the company’s first COO. Sacks impact was profound steering PayPal’s growth to an annual revenue surpassing $200 million within three years. Ultimately leading to its acquisition by eBay for $1.5 billion in 2002. His entrepreneurial spirit continued with the launch of Yammer in 2008.
A pioneering SaaS tool was acquired by Microsoft in 2012 for $1.2 billion. Marking the fastest billion dollar SaaS exit in history. Sacks later played a crucial role at Zenefits, rescuing the company during a crisis as interim CEO. Introducing the acclaimed Z2 HR SaaS product.
Co-founding Craft Ventures in 2017 Sacks has become a prominent figure in venture capital. Managing assets close to $2 billion with a focus on early-stage SaaS startups. His foray into social podcasting with Callin active engagement on Twitter and co-hosting. The influential All-In podcast show Sacks multifaceted impact on business, technology and media.
Early Life
He was born on May 25, 1972 in Cape Town, South Africa, David Oliver Sacks and his family made the move to Tennessee, United States. When he was just five years old.
Though his father was an endocrinologist Sacks drew inspiration from his grandfather. A candy factory owner in the 1920s. This early influence steered him towards a business-oriented path.
His college journey at Memphis University School later transferred to Stanford University culminating. In the attainment of a bachelor’s degree in economics in 1994. Sacks furthered his academic pursuits obtaining a Doctor of Law from the University of Chicago Law School four years later. For more info kindly visit us at Bretman Rock Net Worth 2023.
Professional Life
From 2017 to 2019 Sacks led Craft Ventures as its founder and CEO. Prior to that he established Zenefits and assumed the role of CEO. In 2013 he co-founded this HR SaaS platform and took on the role of interim CEO from 2016. Sacks is a founding member of the early stage venture capital fund Social + Capital.
Sacks investment choices underscore his commitment to progress, innovation and success in the technology sector. Esteemed publications Forbes Silicon Valley Insider, The New York Times and Fortune Magazine have recognized his contributions.
Sacks leadership in technology and investment. Sacks is considered a knowledgeable figure in the field. His ongoing endeavors are expected to continue shaping the business and technological landscapes.
Relationship
David Sacks values his personal and romantic life privacy. Keep checking in. We will consistently refresh this page with any new relationship developments. Delving into David Sacks’ history we won’t delve into the specifics of his marital status and divorce.
Dating is a term used to depict a phase in someone’s life when they actively seek romantic connections with various individuals. If two unmarried celebrities are spotted together in public.
They are often labeled as dating. This implies they were seen in a public setting. It’s unclear if they are just friends exploring a deeper connection or romantically involved.
Wife
Meet the woman behind David Sacks Jacqueline Tortorice. She plays a pivotal role in his life actively participating in the ups and downs of their family adventure. The couple is proud parents to two daughters Chloe and Kelly son named Andrew.
Their familial roots are embedded in Chicago. Where they have crafted the story of their lives together. Jacqueline’s contributions as a mother and partner embody resilience and harmony. That characterizes their home to the diverse tapestry of their collective journey. You may know about Suranne Jones Net Worth.
Conclusion
David Sacks substantial net worth stands as evidence of his entrepreneurial drive and triumphs in the tech sector. A co-founder of PayPal and a guiding force behind prosperous enterprises Yammer and Craft Ventures.
Sacks has consistently shown his knack for recognizing promising prospects and constructing thriving businesses. Across his diverse ventures. He has not just amassed wealth for himself.
But has left a notable impact on the tech industry and beyond. Sacks maintains an active role in the tech landscape and consistently explores new opportunities. The anticipation is that his net worth will continue to grow.
Frequently Asked Questions (Faqs)
- When came into the world David Sacks?
David Sacks entered this world on May 25, 1972.
- How much green does David Sacks’ wallet likely hold?
2023 it’s estimated that David Sacks net worth is around $400 million.
- What’s the e-commerce playground David Sacks helped create?
David Sacks played a role in birthing the e-commerce giant PayPal.
- Which book has a special place in David Sacks’ heart?
The book that holds David Sacks affection is Zero to One by Peter Thiel.
- What’s the name of the venture capital ship David Sacks helped set sail?
David Sacks co-founded Craft Ventures a ship sailing the seas of venture capital.