A lesser-known player in the [[PayPal]] Mafia (see: [[PayPal Mafia Timeline]]), David Sacks is a Silicon Valley entrepreneur and close associate of both [[Peter Thiel]] and [[Elon Musk]]. He is reportedly one of Musk's inner circle shadow brokers helming the billionaire's takeover of [[Twitter]]. Sacks co-founded Yammer, an internal social network for corporations, in 2008 -- selling it to [[Microsoft]] in 2012 for $1.2 billion. His net worth is estimated to be around $200 million as of 2022. Known for his right-wing views, Sacks has been using his fortune and influence more actively in politics in recent years. He's now a [[venture capitalist]] helming the firm Craft Ventures, whose latest startup is a social podcasting app [[Callin]] gaining popularity - A [primer on David Sacks by the New Republic](https://newrepublic.com/article/168125/david-sacks-elon-musk-peter-thiel) # Connection to cryptocurrency Sacks along with Thiel and Musk were early advocates and acolytes of ideas from the cypherpunk community around digital currency. Much of Thiel's original vision for [[PayPal]] was to create a new world currency, free from the alleged inflationary powers of central banks and governments. In 2017, David Sacks was quoted as saying, "[[Bitcoin]] is fulfilling PayPal's original vision to create a 'new world currency.'" # Political actions - Financed a recall of San Francisco District Attorney [[Chesa Boudin]]