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by meinhimmel 5720 days ago
Do you have a link? I'd really like to read more about that.
2 comments
fakelvis 5720 days ago
It's discussed at length in Eric M. Jackson's[1] The PayPal Wars[2].

[1] Former PayPal marketing executive

[2] http://en.wikipedia.org/wiki/The_PayPal_Wars

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davidw 5720 days ago
It's more a vague recollection. Isn't there something about it in "Founders at Work"?
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ashearer 5720 days ago
In "Founders at Work", one of the PayPal founders claimed that in the early days they were losing $10 million a month to fraud, and rising fast enough that it would soon eclipse profit, when they chose to develop an aggressive anti-fraud system.
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