The Crypto Industry Hails David Sacks, Its New ‘Czar’
Trump officials did not respond when asked to clarify whether the new position would be internal to the government, or whether Sacks would act as a “special government employee,” allowing him to continue in other private-sector roles. Sacks did not respond to a request for comment.
Sacks first made his name as one of the earliest employees at payments technology firm PayPal, which he built alongside Elon Musk, Peter Thiel, Reid Hoffman, and others. Like other members of the so-called “PayPal Mafia,” Sacks went on to set up multiple other business ventures. In 2012, he sold workplace software company Yammer to Microsoft in a deal worth $1.2 billion. Now he runs his own venture capital firm, Craft Ventures, which has previously…
