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@ -14,26 +14,27 @@ summary: "David Sacks is a South African-born entrepreneur who was chief operati
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born: 1972-05-25
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location: "Cape Town, South Africa (born)"
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created: 2026-06-18
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updated: 2026-10-14
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updated: 2026-10-15
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---
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[[David Sacks|David Sacks]] (born May 25, 1972, in [[Cape Town|Cape Town]], [[South Africa|South Africa]]) is a [[PayPal Mafia|PayPal Mafia]] principal who served as chief operating officer of [[PayPal]], founded [[Yammer|Yammer]] (the enterprise social network, acquired by [[Microsoft|Microsoft]] in 2012 for 1.2 billion dollars), produced the film *[[Thank You for Smoking|Thank You for Smoking]]* (2005), and was appointed Special Advisor on Artificial Intelligence and Cryptocurrency (the "AI and crypto czar") under the second [[Donald Trump|Trump]] administration. Sacks cohosted the [[All-In Podcast|All-In Podcast]], which became a media channel for the PayPal Mafia cohort's political positions during the 2022-2025 period.[^1][^2]
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[[David Sacks|David Sacks]] (born May 25, 1972, in [[Cape Town|Cape Town]], [[South Africa|South Africa]]) is a [[PayPal Mafia|PayPal Mafia]] principal who served as chief operating officer of [[PayPal]], founded [[Yammer|Yammer]] (the enterprise social network, acquired by [[Microsoft|Microsoft]] in 2012 for 1.1 billion dollars in cash)[^1], produced the film *[[Thank You for Smoking|Thank You for Smoking]]* (2005), and was appointed Special Advisor on Artificial Intelligence and Cryptocurrency (the "AI and crypto czar") under the second [[Donald Trump|Trump]] administration. Sacks cohosted the [[All-In Podcast|All-In Podcast]], which became a media channel for the PayPal Mafia cohort's political positions during the 2022-2025 period.[^2][^3]
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### The PayPal COO Role and the Post-PayPal Ventures
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Sacks joined PayPal in November 1999. The company's registration statement of September 2001 describes him as executive vice president of product since May 2000.[^3] Sacks became chief operating officer of PayPal in February 2002.[^4] He served in that role through the 2002 eBay acquisition, managing the company's operations alongside [[Peter Thiel|Thiel]] (chief executive) and [[Max Levchin|Levchin]] (chief technology officer). The COO role placed Sacks in operational control of the company's day-to-day execution during the period when the anti-fraud architecture was built and the PayPal Mafia cohort was formed. After the eBay sale, Sacks founded Yammer, the enterprise social network that applied consumer-social-networking patterns to corporate communications. Microsoft acquired Yammer in 2012.[^1]
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Sacks joined PayPal in November 1999. The company's registration statement of September 2001 describes him as executive vice president of product since May 2000.[^4] Sacks became chief operating officer of PayPal in February 2002.[^5] He served in that role through the 2002 eBay acquisition, managing the company's operations alongside [[Peter Thiel|Thiel]] (chief executive) and [[Max Levchin|Levchin]] (chief technology officer). The COO role placed Sacks in operational control of the company's day-to-day execution during the period when the anti-fraud architecture was built and the PayPal Mafia cohort was formed. After the eBay sale, Sacks founded Yammer, the enterprise social network that applied consumer-social-networking patterns to corporate communications. Microsoft acquired Yammer in 2012.[^2]
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Sacks subsequently founded [[Craft Ventures|Craft Ventures]], a venture capital firm whose portfolio overlaps with the PayPal Mafia and Thiel-network commercial ecosystem. Sacks also produced the film *Thank You for Smoking* (2005), an adaptation of the [[Christopher Buckley|Christopher Buckley]] satirical novel about tobacco-industry lobbying.[^1]
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Sacks subsequently founded [[Craft Ventures|Craft Ventures]], a venture capital firm whose portfolio overlaps with the PayPal Mafia and Thiel-network commercial ecosystem. Sacks also produced the film *Thank You for Smoking* (2005), an adaptation of the [[Christopher Buckley|Christopher Buckley]] satirical novel about tobacco-industry lobbying.[^2]
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### The All-In Podcast and the Trump AI/Crypto Role
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The All-In Podcast, cohosted by Sacks with [[Chamath Palihapitiya|Chamath Palihapitiya]], [[Jason Calacanis|Jason Calacanis]], and [[David Friedberg|David Friedberg]], became a media channel for the PayPal Mafia cohort's political positions during the 2022-2025 period. The podcast's audience overlaps with the [[Dialog]] invitation list and the [[Founders Fund|Founders Fund]] portfolio community. Sacks used the platform to advance the positions on AI regulation, cryptocurrency policy, and defense procurement that he subsequently entered the government to implement.[^2]
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The All-In Podcast, cohosted by Sacks with [[Chamath Palihapitiya|Chamath Palihapitiya]], [[Jason Calacanis|Jason Calacanis]], and [[David Friedberg|David Friedberg]], became a media channel for the PayPal Mafia cohort's political positions during the 2022-2025 period. The podcast's audience overlaps with the [[Dialog]] invitation list and the [[Founders Fund|Founders Fund]] portfolio community. Sacks used the platform to advance the positions on AI regulation, cryptocurrency policy, and defense procurement that he subsequently entered the government to implement.[^3]
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In the second Trump administration, Sacks received the Special Advisor on Artificial Intelligence and Cryptocurrency appointment. The role covers federal AI policy, cryptocurrency regulation, and the broader technology-policy agenda. Sacks's appointment placed a PayPal Mafia principal in the executive branch with authority over the technology sectors that the Thiel-network commercial infrastructure operates in.[^2]
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In the second Trump administration, Sacks received the Special Advisor on Artificial Intelligence and Cryptocurrency appointment. The role covers federal AI policy, cryptocurrency regulation, and the broader technology-policy agenda. Sacks's appointment placed a PayPal Mafia principal in the executive branch with authority over the technology sectors that the Thiel-network commercial infrastructure operates in.[^3]
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### Footnotes
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[^1]: For Sacks's PayPal COO role and the post-PayPal ventures, see the PayPal Mafia page and the contemporaneous Silicon Valley press.
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[^2]: For the All-In Podcast and the Trump AI/crypto czar role, see the contemporaneous press coverage of the second Trump administration appointments.
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[^3]: PayPal, Inc. Form S-1 registration statement, filed September 28, 2001, "Management," biography of David O. Sacks. https://www.sec.gov/Archives/edgar/data/1103415/000091205701533855/a2059025zs-1.htm
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[^4]: PayPal, Inc. Form 10-K405 for fiscal 2001, filed March 13, 2002, "Management": "David O. Sacks has served as our Chief Operating Officer since February 2002." https://www.sec.gov/Archives/edgar/data/1103415/000091205702009834/a2073071z10-k405.htm
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[^1]: Microsoft Corporation, Form 10-K for the fiscal year ended June 30, 2013, Item 1 (acquisition of Yammer, Inc. "for $1.1 billion in cash"). https://www.sec.gov/Archives/edgar/data/789019/000119312513310206/d527745d10k.htm
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[^2]: For Sacks's PayPal COO role and the post-PayPal ventures, see the PayPal Mafia page and the contemporaneous Silicon Valley press.
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[^3]: For the All-In Podcast and the Trump AI/crypto czar role, see the contemporaneous press coverage of the second Trump administration appointments.
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[^4]: PayPal, Inc. Form S-1 registration statement, filed September 28, 2001, "Management," biography of David O. Sacks. https://www.sec.gov/Archives/edgar/data/1103415/000091205701533855/a2059025zs-1.htm
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[^5]: PayPal, Inc. Form 10-K405 for fiscal 2001, filed March 13, 2002, "Management": "David O. Sacks has served as our Chief Operating Officer since February 2002." https://www.sec.gov/Archives/edgar/data/1103415/000091205702009834/a2073071z10-k405.htm
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