Ben Gilbert: prediction

Transcript context

…Yup. Let’s do it. Should we start it with acquisition category? Yeah, I think there’s a few questions that I sort of want to get to before we categorize. There’s a few interesting nuggets in here. The biggest one that I think is interesting is eBay transactions generated two-thirds of PayPal’s payment volume at the time of the transaction. So here’s PayPal where they finally have found product market fit because people seem to be using it all the time for this eBay thing. They’re not really succeeding in pure payments. They’re getting embedded on some websites but that business is largely fed by the fact that eBay sellers are using it on other websites that they operate. eBay’s effectively… their entire market segment and their distribution to get to new markets. Ben was mentioning to me a quote. Was it a Peter Thiel quote that PayPal was essentially an app built on top of eBay? I thought maybe I read that somewhere.…

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