Archive for December, 2005

Fun with pricing

Thursday, December 29th, 2005

Yesterday, while our team was working on a pricing model for a new product we’re developing, I found myself dreaming of split payments again. If you have ever read this blog, you’re probably aware I am a big proponent of split payments, and think PayPal would benefit a great deal by providing this functionality. […]

I’m cheap

Monday, December 19th, 2005

There’s been a lot going on around here the past few months. In addition to Coinbridge, my consultancy business, I’ve been working on a brand new startup. We started working on the idea three months ago and are still yet to write a single line of code. Yes, I know what you’re thinking. “Three […]

When PayPal becomes the back office, too

Sunday, December 18th, 2005

An article from today’s New York Times about how SMB’s are using PayPal to handle their invoicing and online billing needs.

I’m spoiled

Saturday, December 17th, 2005

When I was a kid, growing up in Palo Alto, California, my Dad used to always tell me, “Son, you’re lucky that we live in Palo Alto. There’s nowhere better than this”.
As an entrepreneur who lives in Palo Alto today, the more I think my Dad was right. Palo Alto is the world’s best […]

PayPal’s other competitor on Craigslist

Wednesday, December 14th, 2005

I’m no Luddite, but I still think PayPal’s biggest competitor on Craigslist is cash. Receiving checks from strangers is too risky and PayPal does not elegantly support offline transactions. Apparently, the team at Text Pay Me made a similar observation, but they are hoping sms-based mobile payments could be the wave of the future. […]

Split Payments Defined (part two)

Monday, December 12th, 2005

The concept of split payments is kind of like cc-ing someone in an email, but with a payment. Unlike being copied on an email that allows everyone to view the entire email, a split payment is divided into parts with no single recepient ever receiving the whole thing. The receiving fees due to PayPal would […]

Split Payments (part one)

Friday, December 9th, 2005

A letter to all entrepreneurs with the following interests/aspirations: Web 2.0, payment systems, saving money, executing quickly and being successful.
Dear entrepreneurs,
Please take two minutes out of your caffeine-fueled workdays to consider the following facts:
Fact: Building a payment system that’s similar to PayPal from scratch—even if on a much smaller scale and with only a handful […]

PayPal Wars are “Cool”

Wednesday, December 7th, 2005

Tom Peters has recently interviewed Eric Jackson, author of The PayPal Wars for his “Cool Friends” web column.
Having had the good fortune to work with Eric at PayPal, I agree with Mr. Peters. Eric is a cool guy and a consummate entrepreneur.

Asking merchants to change

Friday, December 2nd, 2005

When you introduce a new online payment solution to merchants, you’re asking them to change. You’re asking them to change the way they handle their payments, change the workload of their IT group (albeit temporarily), and change their customer experience. I’ve never met a merchant who really likes to do any of these things, […]

PayPal. Still the best way to pay for lunch

Friday, December 2nd, 2005

The first day I started working at PayPal, I was issued a Palm Pilot. I was told it was tradition, so I didn’t refuse it. The second PayPal tradition I was introduced to, was lunch at Jing Jing. Jing Jing serves cheap, spicy Chinese food, and the restaurant was located […]