The post How PayPal Survived When They Knew the Exact Hour Their $200 Million Would Hit Zero appeared first on 24/7 Wall St..
Quick Read
PayPal (PYPL) nearly collapsed with $200M in invested capital at risk due to exponentiating costs with no revenue, spurring an emergency offsite where Reid Hoffman and team developed LinkedIn as a backup idea based on the insight that opportunities flow through people and professional relationships.
Your p…