LUIGIDOLLOSA

10754903

PAYPAL

1.] Ideas will evolve. Adapt to change.

As to what I can recall, PayPal has undergone various changes before being in its final state as PayPal. Initially it just sprung from crypto coding by utilizing cards, then it involved the usage of PalmPilots for SECURITY, and then it incorporated the storage of money which became the milestone, then it evolved to sending encoded data, and finally the usage and integration of the web as a financial service company. In start-ups, it is expected that in order for your service or idea to be marketed, it will undergo several modifications until an ultimate idea will surface, one that will win the interest of the community. By being adaptable to either drawback or progress, one can manage to escape the uncertainties involved in start-ups and finally obtain the ‘financial gain’ element of such undertaking.

2.] People Skills are a must!

Max emphasized in his advice the importance of having a co-founder. It’s a collaborative effort after all. Taking this very risky mission of starting-up entails synergy. As he mentioned, he could not have done it without the teamwork. It is thus a must to have a buddy that you can depend to. Having someone also at your team maybe helpful in so far as specialization of roles are concerned. When obligations are delegated, the burden will be reduced, results will come gradually. I also realized that without dealing effectively with prospective clients and investors, PayPal couldn’t have actually thrived at all in the market.

3.] Persistence. Period.

I learned from Max that his main goal is to build a business, with no specific objective whatsoever. He had the skills, he had the brilliant ideas, he had a trustworthy co-founder- these were fairly enough to propel them to the huge success this start-up has achieved for them. What I admired from this success story is that he just persisted for his venture, confronting struggles ranging from business identity and seeking funds to marketing strategy and battling fraud. Persevering with the end in mind, he trampled every anxiety, fallback and shortcoming before emerging as one of the most successful start-ups in history.