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PayPal Roelof Botha

Joins PayPal

30 Jun, 2000

Botha joins the company as corporate development director, while still in grad school. He initially accepts the offer because he had run out of money after the 1998 emerging currencies crisis:

I didn’t have money to pay rent one month. I borrowed money from friends and family. It was embarrassing to be in that position. When the third offer from PayPal came around, I accepted it so that I could work part-time for three months before graduating.