David Sacks is a well-known entrepreneur, investor, and tech executive with a high net worth. He is the co-founder of several successful startups including Yammer, which sold to Microsoft for $1.2 billion. He is also the CEO of Zenefits, a software company that specializes in human resources management. He is also known for his social media commentary and appearances on popular podcasts such as All-In with Jason Calacanis and Chamath Palihapitiya.
Sacks was born in Cape Town, South Africa, and moved to the United States when he was five years old. His parents were both Lithuanian Jews, and he credits his grandfather’s candy factory business with sparking his interest in entrepreneurship. After completing his education, Sacks ventured into the technology industry and worked as an employee at PayPal. He was an important part of the team that helped PayPal grow and expand its user base, which contributed to his impressive wealth. Following his success at PayPal, Sacks ventured into other technology-related businesses and invested in notable startups such as Facebook and Twitter.
In 2017, Sacks established Craft Ventures, a venture capital firm that focuses on early-stage investments in digital businesses. Through this firm, he has backed companies such as Airbnb, Uber, ClickUp, and SpaceX. He has also made significant philanthropic donations to charities such as the Sacks Foundation and the Stanford Graduate School of Business. In his spare time, he enjoys playing squash and spending quality time with his family.