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Rapid Response: Inside PayPal's $530M plan to close the racial wealth gap, with CEO Dan Schulman

Rapid Response: Inside PayPal's $530M plan to close the racial wealth gap, with CEO Dan Schulman

FromMasters of Scale


Rapid Response: Inside PayPal's $530M plan to close the racial wealth gap, with CEO Dan Schulman

FromMasters of Scale

ratings:
Length:
30 minutes
Released:
Jul 11, 2020
Format:
Podcast episode

Description

The pandemic has hurt many businesses – but PayPal isn't one of them. PayPal has boomed as e-commerce has swelled, with stock up more than 50% this year and a huge new demographic joining the platform. That doesn't mean, though, that CEO Dan Schulman has been sitting back. PayPal recently committed more than $500 million to support Black and minority-owned businesses, after facilitating some $1.9 billion in PPP loans to largely underbanked communities. Dan says PayPal has a unique opportunity to spur emerging economic recovery – and to make a longterm impact in the fight for racial justice. Interviewed by editor Bob Safian.Read a transcript of this episode: https://mastersofscale.com/rapidresponse/Subscribe to the Masters of Scale weekly newsletter at http://eepurl.com/dlirtX
Released:
Jul 11, 2020
Format:
Podcast episode

Titles in the series (100)

The best startup advice from Silicon Valley & beyond. Iconic CEOs — from Nike to Netflix, Starbucks to Slack — share the stories & strategies that helped them grow from startups into global brands.On each episode, host Reid Hoffman — LinkedIn cofounder, Greylock partner and legendary Silicon Valley investor — proves an unconventional theory about how businesses scale, while his guests share the story of how I built this company. Reid and guests talk entrepreneurship, leadership, strategy, management, fundraising. But they also talk about the human journey — with all its failures and setbacks. With original, cinematic music and hilariously honest stories, Masters of Scale is a business podcast that doesn’t sound like a business podcast. Guests on Masters of Scale have included the founders and CEOs of Netflix, Google, Facebook, Starbucks, Nike, Fiat, Spotify, Instagram, Airbnb, Uber, Paypal, Huffington Post, Twitter, Medium, Bumble, Yahoo, Slack, Spanx, Shake Shack, Dropbox, TaskRabbit, 23&Me, Mailchimp, Evite, Flickr, CharityWater, Endeavor, IAC and many more.